Parliament

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

 

Reserve Bank Again Fails Exporters

Reserve Bank Again Fails Exporters

New Zealand First says the Reserve Bank’s decision to maintain the Official Cash Rate is a victory for the effects of excessive immigration against the needs of exporters.

Leader Rt Hon Winston Peters had called on the Reserve Bank Governor to cut the cash rate below five percent because of the kiwi dollar continuing to climb well over 60 US cents.

“Instead, the bank is maintaining high interest levels because of the pressure on the housing market caused by excessive immigration.

“In short, the Government’s stupid repopulation policy is crippling exporters who have repeatedly warned that the high dollar is hurting their efforts to compete on world markets.

“The Prime Minister is continually raving on about free trade deals but at the same time her policies are crippling the exporters who create wealth for New Zealand.”

Mr Peters said the housing boom was creating a false picture of the economy, which was stagnant and he warned the country was suffering from deteriorating trade conditions.

“It is time for Labour to stop its social and constitutional manipulations and concentrate on the real needs of New Zealand. We are on a train heading for Third World status and the Government is simply adding more steam to the engine.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels