New Zealand First Leader Rt Hon Winston Peters’ Reserve Bank bill was again drawn from the Members’ Bill Ballot today.
New Zealand First says comments by Reserve Bank Governor Graham Wheeler today vindicate the party’s calls for the bank to have greater ability to intervene over the high dollar.
This week the New Zealand Dollar soared to US86 cents. A high dollar means cheap imports such as flat-screen TVs and cars. But ultimately it means high unemployment and a low growth economy.
Speech: Christchurch Businessmen’s Club
The Canterbury Club, Cambridge Tce.
Monday 8 April, 1.15pm
I take a call on behalf of New Zealand First.
The Parliamentary year kicked off this week with what was quite simply a boring, lacklustre speech from Prime Minister John Key which outlined his vision – or lack of it – for the year.
New Zealand First knows it. Manufacturers and exporters know it. And today the Reserve Bank confirmed it – our seriously overvalued dollar is damaging the economy.
It is a year since New Zealand First returned to Parliament and with the holiday season approaching, it’s a good time to review the highs and lows from 2012.
New Zealand First says the Reserve Bank’s new Policy Targets Agreement commits New Zealand’s economy to failure by not addressing its biggest problem – our seriously overvalued dollar.
The Government’s proposed welfare reforms have thrown up an interesting situation which deserves some exploration.