Parliament

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 Triggered The Carnage In Gaza

At last count, 195 Palestinians have reportedly died in the latest round of violence, 55 of them children. Roughly ten times that number have been wounded, and thousands made homeless. On the Israeli side, 8 people have died from rockets fired from Gaza. The imbalance in casualties reflects the vast gap in weaponry between the two sides. The Israelis are carrying out air strikes with impunity on densely populated civilian neighbourhoods... More>>

 

Office Of The Speaker: 2021 Register Of Pecuniary And Other Specified Interests Presented

The 2021 Register of Pecuniary and Other Specified Interests of Members of Parliament was presented to the House today. It contains a summary of members’ pecuniary and other specified interests as at 31 January 2021. The Speaker of the House, Rt Hon ... More>>

Budget 2021: Boosts Carbon Neutral Government Commitment

· Budget 2021 delivers $67.4 million to support the transition to a carbon neutral public sector by 2025 · State Sector Decarbonisation Fund receives significant boost to support more schools, hospitals and other government organisations to replace ... 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>>

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>>

ALSO:

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>>

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>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels