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


Copeland welcomes unchanged OCR

For immediate release

Thursday 4 December, 2003

Copeland welcomes unchanged OCR

United Future finance spokesperson Gordon Copeland today welcomed the decision of Reserve Bank Governor Alan Bollard to leave the Official Cash Rate unchanged at 5%.

“I predict that this will have a positive impact on the $US/$NZ exchange rate to the benefit of exporters. Given our steadily worsening balance of payments situation right now, exporters need all of the assistance they can get.

“I am also delighted that for the first time in many years the headline NZ interest rates will now be slightly below those in Australia. An opportunity might now exist for New Zealand rates to track at or below Australian rates during 2004. If so, the Reserve Bank will have a rare opportunity to monitor and evaluate the impact on the $NZ.

“This in turn will provide valuable information for future monetary policy settings and the balance between controlling inflation and avoiding unnecessary instability in exchange rates – something which has got to be good both for exports and the NZ economy generally,” said Mr Copeland.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>


Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>


Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>


Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>


Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>




InfoPages News Channels