Parliament

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

 

IMF says ‘ways to innovate’ on monetary policy

David
PARKER

Spokesperson for Finance

1 April 2014 MEDIA STATEMENT
IMF says ‘ways to innovate’ on monetary policy

The International Monetary Fund has admitted the Kiwi dollar is overvalued by up to 15 per cent and suggested, while care must be taken there is room for innovation on monetary policy, says Labour’s Finance spokesperson David Parker.

“The IMF has said the dollar is 5 to 15 per cent overvalued. That’s crippling for exporters and it’s holding our economy back.

“The IMF has now admitted there is scope to change the Reserve Bank Act with head of the IMF mission Brian Aitken saying, ‘There might be ways to innovate but you would want to be careful’.

“That will be news to the likes of John Key, Bill English and Steven Joyce who have said any changes to the Reserve Bank Act would be ‘voodoo economics’.

“Labour is committed to upgrading our out-of-date Reserve Bank Act as part of our Economic Upgrade. Our policy, which will be released soon, will be innovative and carefully crafted,” says David Parker.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

New Trial Periods; Industry Deals: Labour Releases Employment Policy

Labour will implement sensible changes to employment law to prevent the small number of bad employers undercutting good employers and driving a ‘race to the bottom’ on wages and conditions, says Leader of the Opposition Andrew Little.

“The current law undermines good employers who pay their employees well and offer good working conditions. They can find themselves undercut by a small number of bad employers who compete by driving down labour costs. More>>

 

Right In The Thiels: Just 12 Days In NZ Before Citizenship

DIA have received advice from the Ombudsman that a detail originally redacted from the citizenship file of Peter Thiel released in January for privacy reasons should be made available by 27 July. More>>

ALSO:

Domestic Violence And Teachers: Members’ Bills Ballot

The ballot was held, and resulted in the following bills being drawn:
54 Sentencing (Domestic Violence) Amendment Bill - Hon Nanaia Mahuta
16 Education (Teaching Council of Aotearoa) Amendment Bill - Chris Hipkins More>>

ALSO:

Legislation: Point England Housing Bill Passed

The passage of the Point England Development Enabling Bill through Parliament this evening will benefit Auckland with additional housing, help resolve Ngāti Paoa’s Treaty claim and improve the local environment and recreation facilities, Building and Construction Minister Dr Nick Smith says. More>>

ALSO:

Cyberducation: Digital Curriculum Launch And Funding Package

Consultation on new digital technologies content for the New Zealand Curriculum and Te Marautanga o Aotearoa, the Māori-medium Curriculum, was launched today by Education Minister Nikki Kaye. More>>

ALSO:

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election