Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Labour’s monetary policy changes need further consideration

29 April 2014

ExportNZ says Labour’s monetary policy changes need further consideration

ExportNZ welcomes more of a conversation around the proposed monetary policy changes outlined by David Parker, Labour’s Finance spokesperson.

Executive Director Catherine Beard says, “While it is useful to review all polices over time, and exporters are understandably concerned with the high dollar, there is a range of reasons why it’s high. Many of these reasons are beyond New Zealand’s control – such as radical monetary policies adopted in the EU and US.

“Requiring the Reserve Bank to make trade-offs between inflation and other new objectives such a ‘positive external balance’, is something that is largely beyond the ability of the Reserve Bank to achieve and will create significant uncertainty.

“While issues such as housing affordability and immigration policy are very important for New Zealanders, it is imperative that the right tools are used to address specific issues, rather than try and make the Reserve Bank responsible for solving problems that are best addressed by Government policy.

“It is important to have a discussion about this, but any proposals will need to be vigorously tested before proceeding any further. We appreciate the fact that Labour is attempting to think about how to provide advantage to the export sector, but we’re not sure this is the right way.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news