Excuses, but no relief from the National Government as the dollar touches an all-time high against the US dollar, says New Zealand First.
Updates filtered by: Reserve Bank
Kiwi home loan borrowers and exporters are being sacrificed as the Reserve Bank desperately tries to deflate the country’s housing bubble, especially in Auckland, says New Zealand First.
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 Wi
The Reserve Bank’s decision to lift the official cash rate today brings into focus the urgent need to update the Reserve Bank Act, now something of a dinosaur, says New Zealand First.
I take a brief call on behalf of New Zealand First on the Non-bank Deposit Takers Bill . For those out there listening to this or watching this, a reminder as to what the bill actually does.
It is a great pleasure to take a call following the member for the North Shore , Maggie Barry, and the amazing amount of information she provided to the House in that once again very short speech from the member for the North Shore.
I take a call on the Reserve Bank of New Zealand (Covered Bonds) Amendment Bill on behalf of New Zealand First. New Zealand First will be supporting this bill and this legislation. Covered bonds go back to the 1700s.
The high New Zealand dollar is crippling our manufacturers and exporters. Most weeks, we read or hear stories of another business that has had to lay off staff or close up shop for good.
Rt Hon Winston Peters has appealed to all Members of Parliament to put aside their politics and vote to send his private members Reserve Bank Amendment Bill to a select committee for further consideration.
Reports that foreign buyers are not constrained by the Reserve Bank’s recently imposed LVR restrictions will shut even more Kiwi home buyers out of the market, says New Zealand First Housing spokesperson Denis O’Rourke.
Manufacturing has been the “Cinderella Sector” of the New Zealand economy for too long.
This is an important report and a call for urgent action if our manufacturing sector is to thrive.
The Reserve Bank Governor has the power to intervene in the high New Zealand dollar, but the Bank lacks the specific mandate to do so – and this situation will only keep feeding the appetite of speculators to play the New Zealand dollar says New Z