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

 


Bank tips interest rate rise later this year

Labour
2000 web site"The issue now is whether the National Party will pull forward the election date to avoid a likely interest rate rise in the November 17 Monetary Policy Statement," Labour finance spokesperson Michael Cullen said today.

"The Governor has left the Official Cash Rate where it is for now but has said it "looks increasingly likely that there will need to be some increase before the end of the year."

"The reasons for the likely increase are: a strengthening world economy, an expected build-up of inflationary pressures within New Zealand and the prospect of rising interest rates in the United States.

"None of these factors has anything to do with Labour and the strong likelihood of a Labour-led government. This creates a double jeopardy for National.

"It makes nonsense of their plans to run a scare campaign against Labour on interest rates.

"And it means that unless they go to the polls before the next MPS, the interest rate rise the Governor is signalling will happen on their watch," Dr Cullen said.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news