Too bad that the new Labour Party government wants to add full employment to the RBNZ’s mission. Why copy the US Fed when that idea failed so disastrously for the Americans? The financial crisis would not have hit the US so hard if they had been keeping inflation under better control. However the Labour Party does not want to change the RBNZ's target inflation indicator. The RBNZ was the first central bank to target a consumer price series with a net acquisitions approach to owner-occupied housing. The Bank of Canada should be doing the same thing.