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


Soaring Kiwi Calls Governor

Soaring Kiwi Calls Governor

New Zealand First has repeated its call to the Reserve Bank Governor to cut the cash rate as the kiwi dollar continues to climb over 60 US cents.

“The Official Cash Rate remains too high because of the immigration-inspired over-stimulation of the housing market. While the Governor will be tempted to use the property market as an excuse for inaction the soaring kiwi demands that he give support to our exporters by cutting the rate now,” said New Zealand First leader, Rt Hon Winston Peters.

“As the kiwi rises our exporters’ prospects diminish. This combination of high interest and exchange rates has become a harbinger of doom for a country struggling to educate, house and provide adequate health care for all of its people.

“This lack of performance has come about through a long term emphasis on the interests of the financial sector at the expense of the productive sector and exporting in particular. It has been exacerbated by long periods with over-valued exchange rates and high interest rates.

“The focus on inflation has impeded growth, especially in recent times when much of the inflationary pressure has been brought about by high immigration of people, far too many of whom end up not constructively engaged in our economy.

“The Reserve Bank has an opportunity tomorrow when it reviews the official cash rate to provide the financial leadership lacking in Government. The bank must at least slash interest rates and bring us into line with Australia – our biggest trading partner,” said Mr Peters.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Cancel Culture And The ‘hate Speech’ Laws

If there really is anyone out there who feels genuinely panicked about what ‘cancel culture' is doing to our precious freedoms, then maybe they should just take a deep breath, look hard at who has allegedly been ‘ cancelled’ and see if they can detect any trace of a lasting “cancellation“ effect. Chances are, the alleged cancellees will be doing just fine. By and large, they will be people who do not lack for a public platform – never have, never will – and the downstream effects of being “ cancelled” will almost invariably be trending towards zero... More>>


Government: To Rev Up Reductions In Transport Emissions

The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael Wood today released Hīkina te Kohupara – Kia mauri ora ai te iwi - Transport Emissions: Pathways to ... More>>

KiwiSaver: Default Provider Scheme Improvements Slash Fees, Boosts Savings

Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today. More>>


Government: Hundreds Of New Electric Cars For State Sector

Total of 422 new electric vehicles and charging infrastructure across the state sector $5.1 million for the Department of Conservation to buy 148 electric vehicles and install charging infrastructure $1.1 million to help Kāinga Ora buy 40 electric ... More>>

Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>


PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>





InfoPages News Channels