Scoop has an Ethical Paywall
License needed for work use Register

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


First Success For ACT’s Approach Of Opposition And Proposition

“Before Parliament has even sat, ACT’s approach of opposing and proposing has succeeded by bringing real change to monetary policy,” says ACT Leader David Seymour.

“The Governor of the Reserve Bank has been saying that if we didn’t have a housing bubble we’d have a depression instead. Those can’t possibly be the only choices available.

“A saner approach to monetary policy will be a massive relief to younger New Zealanders. Loose monetary policy means they see their future getting further away while they stand still.

As ACT has argued for some time, the Reserve Bank is not fighting inflation if the inflation is in asset prices. The Reserve Bank’s mandate needs to be changed to include asset price stability.

“By writing to the Reserve Bank Governor saying exactly that, Grant Robertson has vindicated ACT’s position that the Bank should consider asset prices, not just the consumer price index, when setting policy.

“ACT has led the debate on the issue of monetary policy and asset price inflation. We are pleased to see the Government is listening just as we have been listening to New Zealanders up and down the country who are concerned about the Reserve Bank inflating asset bubbles.

“This move by the Finance Minister shows the role that an effective and constructive opposition party can play.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Skewed Media Coverage Of Gaza

Now that he’s back as Foreign Minister, maybe Winston Peters should start reading the MFAT website which is currently celebrating the 25th anniversary of how Kiwis alerted the rest of the world to the genocide in Rwanda. How times have changed ...

In 2023, the government is clutching its pearls because senior Labour MP Damien O’Connor has dared suggest that Gaza’s civilian population - already living under apartheid and subjected to sixteen years of an illegal embargo, and now being herded together and slaughtered indiscriminately amid the destruction of their homes, schools, mosques, and hospitals - are also victims of what amounts to genocide. More

ACT: Call To Abolish Human Rights Commission

“The Human Rights Commission’s appointment of a second Chief Executive is just the latest example of a taxpayer-funded bureaucracy serving itself at the expense of delivery for New Zealanders,” says ACT MP Todd Stephenson. More

Public Housing Futures: Christmas Comes Early For Landlords

New CTU analysis of the National & ACT coalition agreement has shown the cost of returning interest deductibility to landlords is an extra $900M on top of National’s original proposal. This is because it is going to be implemented earlier and faster, including retrospective rebates from April 2023. More




InfoPages News Channels


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.