Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Reserve Bank Fiddles While Exports Burn

Media Release

14 June 2002

Reserve Bank Fiddles While Exports Burn: Peters

The New Zealand First Leader, Winston Peters, has renewed his calls for the Reserve Bank to broaden its approach and consider employment and growth targets rather than maintain its narrow focus on real and imagined inflationary pressures.

“It is time our economy was run in the interests of the productive sector and not for the benefit of the capital markets. Already we are seeing lower returns for our exporters and less new investment. The only beneficiaries are the currency speculators,” Mr. Peters said.

“We saw the same misguided policies from the Bank from 1994 to 1996 when the dollar reached $0.69(US) and during the Asian Economic Crisis when it cost us billions. We can’t afford to pay that price again. New Zealand First will amend the Reserve Bank Act in support of our exporters,” Mr Peters said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels