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

 


ACT leader Jamie Whyte supports Reserve Bank Governor

ACT leader Jamie Whyte supports Reserve Bank Governor

ACT Leader Jamie Whyte strongly supports the Reserve Bank Governor's decision to raise interest rates.

"All party leaders should be supporting the independence of the Reserve Bank Governor. The statements from the leader of the Opposition are reckless and self serving. The statements from the Greens and New Zealand First are dangerous," said Dr Whyte.

"If Labour were to implement its present election promises, interest rates would have to rise further. Every economically literate person in New Zealand knows that if the country wants to avoid damaging inflation then interest rates need to rise.

"I have spent the last ten years as a consultant working to correct the wreckage of the Global Financial Crisis. Part of the reason for the crisis has been politicans refusing to back strong independent Reserve Banks. Countries that have tried to impliment the policies of New Zealand First and the Greens have ended up in a mess - like Greece.

"ACT strongly supports an independent Reserve Bank. We believe it would be helpful if the Minister of Finance Bill English came out strongly and not only supported the Bank's independence, but also said what we all know to be true - that this rise is needed.

"Having politicans fix interest rates is a road to economic chaos. In election year it is important party leaders show some courage and tell the truth that the Reserve Bank is without doubt correct to raise interest rates, and more rises are inevitable.

"It is also worth pointing out that for every borrower there is a saver. The decision to raise interest rates benefits even borrowers and exporters because no-one wins from runaway inflation."

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news