Higher Interest Rates, Higher Prices, Lower Growth
Labour Delivers: Higher Interest Rates, Higher Prices, Lower Growth
ACT New Zealand Finance Spokesman Rodney Hide today said that New Zealanders were now suffering price hikes, higher interest rates and slower growth - all because of the daft Labour Government.
"The Reserve Bank has hiked the cash rate to 5.75 percent - that means more on everyone's mortgage," Mr Hide said.
"The Reserve Bank is predicting inflation at 3.25 percent - that means more on groceries.
"The Reserve Bank is forecasting economic growth to slow to 1.75 percent in 2006 - that means less in people's pay packets.
Clark and Michael Cullen has spent their time in office
throttling the productive sector. The result is higher
interest rates, higher prices and lower growth. That's
what Labour has delivered," Mr Hide said.