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Reserve Bank Makes Right Decision – Peters
Wednesday, 16 May 2001, 10:45 am
Press Release: New Zealand First Party
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The Rt Hon Winston Peters MP, Leader of New Zealand First,
today said that the Reserve Bank decision to cut the
official cash rate to 5.75% is the right decision albeit a
conservative one.
“The fact is that economic conditions
amongst most of our major trading partners have flattened
considerably and the knock on effects in our heavily export
dependent economy cannot be escaped.
“However, if the
international economic slowdown becomes in any way
protracted the Bank’s decision today will be seen to have
been too conservative,” said Mr
Peters.
ENDS
© Scoop Media

Gordon Campbell: On the Sony cyber attack
Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.
Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>