Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Federated Farmers: Time For Cool Heads On Economy

Farmers expect the Reserve Bank to continue to maintain its focus on domestic inflation, commented Federated Farmers President Alistair Polson in response to yesterday's 0.5% increase in the OCR, and today's drop in the New Zealand dollar.

"Farmers are acutely aware of the damage that can be inflicted upon New Zealand's competitiveness by rising import prices, leading to widespread domestic inflation."

"While the falling dollar may deliver an immediate boost to the export prices that farmers receive, it also erodes their purchasing power."

By continuing to focus upon domestic inflation, the Reserve Bank can ensure that farmers, and the rest of the economy, genuinely benefit from the upturn in export receipts.

"Federated Farmers believes that it is entirely appropriate for the Reserve Bank to respond to what it considers to be evidence of building inflationary pressures in the domestic economy."

"Farmers feel the pinch of rising interest rates just as badly as other businesses and homeowners, but in reality, New Zealand has been living off borrowed money for too long as it is."

"Maybe it is time for New Zealand to face the realities of running unsustainable current account deficits, and get on with the job of building a stable and competitive economy," concluded Mr Polson.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

NZEI: Primary Teachers And Principals Vote To Reject Offers

Primary teachers and principals have resoundingly rejected the Government’s latest collective agreement offers...

NZEI Te Riu Roa President Lynda Stuart said members had sent a clear message that the offers did not address concerns about the growing teacher shortage, time to teach and support for children with additional learning needs. More>>

 

No Confidence In GWRC: Bus Drivers Vote For Strike Next Month

The Wellington Tramways Union today voted overwhelmingly for bus drivers to strike because of the breakdown in negotiations with the Wellington bus operators. More>>

ALSO:

Unanimous: MP Pay Freeze Bill Passes

“The Remuneration Authority (Members of Parliament Remuneration) Amendment legislation, to freeze the pay of MPs for one year, has been passed unanimously by the House today." More>>

Gordon Campbell: On The Party Of No Ideas

The striking thing about the issues that have had political coverage over the past few months is the almost total lack of policy content to any of them. To date, Her Majesty’s Opposition have been entirely focussed on failings in Beehive management.. More>>

ALSO:

America's Cup: Environment Court Grants Consents

Auckland Mayor Phil Goff says, “I welcome today’s decision by the Environment Court to grant consent for the bases and associated infrastructure to host the 36th America’s Cup." More>>

ALSO:

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice. Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted... More>>

ALSO:

Medical: New Surgical Mesh Safeguards

The Government has introduced strict new safeguards on the use of surgical mesh that are expected to limit its use in urogynaecological surgery. More>>

ALSO:

Handley Handling: Fired Chief Technology Officer Releases Communications

In the interests of drawing a line on this issue, today I am releasing a detailed timeline of events and all of the emails and texts between myself and Clare Curran, and myself and the Prime Minister about the role and my move back to New Zealand. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels