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

 


Save Our Economy by Urgently Updating Reserve Bank Act

Rt Hon Winston Peters
New Zealand First Leader
28 April 2014

Save Our Economy by Urgently Updating Reserve Bank Act

New Zealand First is calling on the Government to urgently support New Zealand First’s changes to the Reserve Bank Act to save manufacturers and exporters from the dire consequences of an overvalued dollar, says New Zealand First Leader Rt Hon Winston Peters.

“There is no time to linger on this, many of our exporters are barely hanging on by the skin of their teeth and Kiwis with mortgages are facing rising interest rates.

“New Zealand First calls on the Government to support an update to the Act which was written for an earlier era.

“Everyone, including the International Monetary Fund, is warning that the chronically overvalued dollar is eroding our economic base.

“Unfortunately, the commodities (logs and milk) boom to one market – China – is disguising the damage that is happening, but the true picture is that New Zealand is becoming more vulnerable as each day passes.

“New Zealand First wants an overhaul of the primary function of the Act which will be a win for all New Zealanders. Our two previous Bills were both defeated by only one vote, in 2012 and 2013, but as the dollar heads to US90 cents the Government must surely come to its senses and support the changes.

“Currently the Act is too focused on inflation, New Zealand First’s Bill advocates giving the Reserve Bank a mandate to pursue a balanced economic agenda to promote growth, employment and exports,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Cannabis Party: Treasury Figures On Cost Of Criminalisation

Figures released by Treasury prove the economic viability of The Cannabis Party's policy, while destroying the credibility of police claims about cannabis harms. More>>

ALSO:

Green Party: Investigation Into Mental Health Facilities Shows Disarray

The Health Minister must urgently launch an inquiry into mental health services, after serious issues with the standard of care at mental health and disability facilities around the country were revealed today, the Green Party said. More>>

ALSO:

Apparently He Means 'Years 0-8': Seymour Announces 4th Partnership Schools Application Round

“The continuing growth of this policy reflects the achievement of the eight existing Partnership Schools, and the strong levels of interest educators and community leaders are showing in the Partnership Schools model and what it offers students and their families,” Mr Seymour says. More>>

ALSO:

Trust Directors: Urban Māori Win Case Against Te Ohu Kai Moana

The National Urban Māori Authority (NUMA) and Te Waipareira Trust have succeeded in their claim over a $20 million trust set up for the benefit of urban Māori, meaning all directors of the trust must represent Māori who are not affiliated with an iwi. More>>

New Model: Carbon Tax Could Lower Emissions And Boost Economy

A carbon tax targeting emissions-intensive industries, along with a revamped Emissions Trading Scheme (ETS), could boost economic growth, with the extra tax generated used to cut GST from 15 percent to 12.5 percent. More>>

ALSO:

Budget Docs Release: ACC Sought $158mn In Budget 2016, Got $26.4mn

The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demographic changes, papers published by the government show. More>>

ALSO:

Submissions Sought: Māori Party Joins Opposition Housing Inquiry

People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news