Parliament

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

 

Is Cullen Flagging More Inflation?

15 July 2002

Today's inflation result, once again, begs the question about Michael Cullen's future plans for the economy if Labour is re-elected, says National's Finance spokesman David Carter.

"Just what does Dr Cullen mean by saying he wants a more flexible approach to the Reserve Bank's interpretation of the 0-3% inflation target band?

"We now have an inflation rate of 2.8% for the year, which is near the top end of the target band and means the bank is running quite a flexible attitude already."

Mr Carter says Michael Cullen needs to come clean, before the election, about just what he would have the Reserve Bank do differently and if this means tolerating more inflation.

"Dr Cullen's continuing waffle about inflation targets and attacks on Don Brash are nothing more than diversions, which can't hide the fact that he has no credible economic plan for the future.

"Labour's recently announced economic policy is nothing more than bland generalities and offers nothing that will lift and sustain New Zealand's growth rate. Whereas National has a serious and substantial plan to lift our long-term economic prospects.

"Dr Cullen's only answer appears to be a far more tolerant attitude to inflation. I challenge him to explain just how more inflation and higher interest rates will deliver more growth," Mr Carter added.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Principals' Federation:
End Of National Standards

Today the Minister of Education announced that the Government has stopped the controversial National Standards system of assessment and declared them an arbitrary measure which did not raise children's achievement as the previous Government intended.

"This is such a win for all the principals who never believed in national standards and who, for the past decade, have argued for what is morally right for our nation's young people and their learning," said Cormick. More>>

 

Public Good: People’s Report On Public Broadcasting And Media Presented

The People’s Commission on Public Broadcasting and Media, was crowdfunded and was informed by an extensive consultation, seeking the views of both those working in Media as well as gathering input both online and in person from ordinary Citizens. More>>

ALSO:

RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’. More>>

ALSO:

'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>

ALSO:

Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>

ALSO:

Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages