|
Interest Rate Move Unwelcome - Peters
Thursday, 29 April 2004, 10:32 am
Press Release: New Zealand First Party
|
Interest Rate Move Unwelcome - Peters
Rt Hon Winston
Peters has described the Reserve Bank’s move to lift
interest rates today as unnecessary and unwelcome.
The
bank increased the official cash rate this morning by
quarter of a percent to 5.5 percent.
“The move will hurt
exporters who have already taken a pounding because of the
high value of the Kiwi dollar.
“Just as the dollar was
easing, the Reserve Bank is nudging it up again because of
pressure on the housing market in certain parts of the
country and the compulsion of New Zealanders to go
shopping.
“The obsession with inflation is going to
seriously hurt the economy in the months ahead,” said Mr
Peters.
© 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>>