Scoop has an Ethical Paywall
Interest rate cut good for jobs, bad for dollaroo
Interest rate cut good for jobs, bad for dollaroo
Today's decision by the Reserve Bank to reduce the level of its Official Cash Rate is good news for jobs, says Progressive MP Matt Robson.
And he says today's decision again highlights the folly of those who want New Zealand to abandon running its own independent monetary policy in favour of integrating the New Zealand dollar with the Australian dollar.
"Today's interest rate cut is pro-jobs," Matt Robson said.
"It also shows the benefit of having New Zealand control of monetary decisions, with decisions being made in response to our specific economic conditions and outlook," he added.
The Reserve Bank's June
Monetary Policy Statement today cut the OCR by a quarter of
a percentage point, to 5.25%, to provide some protection for
the economy against downside risks posed from overseas
developments including
SARS.
Gordon Campbell: On bird flu, AUKUS entry fees and Cindy Lee
NZ Government: New Lab To Help Protect Key Pacific Tuna Fisheries
Susan Botting - Local Democracy Reporter: Ruawai Leader Slams Kaipara Council In Battle Over $400k Property
Te Pati Maori: Another ‘Stolen Generation’ Enabled By Court Ruling On Waitangi Tribunal Summons
Peace Action Wellington: Die In for Palestine Marks ANZAC day
Labour Party: Penny Drops – But What About Seymour And Peters?
Government: PM Announces Changes To Portfolios
