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New Zealand Foreign Minister Winston Peters publicly rebuked Reserve Bank Governor Anna Breman for signing a joint statement with other central bankers supporting US Federal Reserve Chair Jerome Powell. Peters criticized the move as inappropriate interference in US domestic politics, arguing that New Zealand’s central bank should remain strictly focused on its domestic monetary policy mandate. The statement, signed by international central banking leaders, was intended to show solidarity with Powell as he faced political pressure over interest rate decisions. Peters emphasized that New Zealand’s institutions should avoid actions that could be perceived as foreign political meddling.
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