19 In the past, Business and Economics Research (BERL) have undertaken the most comprehensive studies of the Māori economy. 20 At the Reserve Bank, we need to do more to deepen our understanding of Māori economic statistics in order to achieve our dual mandate. Last year, our mandate was revised to incorporate the objectives of both price stability and contributing to maximum sustainable employment.
This provides a direct motivation to better understand the Māori labour market. Te Ao Māori and policy decisions. Some might ask: So, will a focus on Te Ao Māori mean that the Reserve Bank will set the OCR or bank capital requirements differently? My guess is that it is it unlikely to be that stark.