INDEPENDENT NEWS

ACT congratulates Govt on staying with the RB Act

Published: Wed 15 Mar 2000 10:54 AM
ACT congratulates Government on staying with the Reserve Bank Act
ACT Finance Spokesman Rodney Hide said today it was pleasing that the new government had stuck with the Reserve Bank Act and the fight against inflation.
“This government is doing much that is wrong – but it’s got this one right. It’s always tough for any government when the Reserve Bank tightens monetary conditions and hikes interest rates. This hike was well signalled by the Reserve Bank and was already factored in to interest rates.
“Nonetheless, ACT is pleased that the government has not meddled with the Reserve Bank.
“It also makes a refreshing change not to have the usual carping from Jim Anderton who in opposition would always rail against the Reserve Bank and Governor Don Brash whenever monetary conditions were tightened.
“It’s now clear that the Deputy Prime Minister’s rhetoric was just that – rhetoric.
“The Reserve Bank framework has proved itself very robust having now survived both Winston Peters and Jim Anderton. This is good news for all New Zealanders,” concluded Rodney Hide.
ENDS

Next in New Zealand politics

Gordon Campbell on a new book on the leaky homes scandal
By: Gordon Campbell
Review finds NZTA road safety regulation failings
By: RNZ
Climate Change Commission Chair-designate announced
By: New Zealand Government
Government putting right Holidays Act underpayment in Health
By: New Zealand Government
Police should not have pursued youths on Auckland motorway
By: Independent Police Conduct Authority
Locked-in care is a ‘hard place to be happy’
By: Office of the Children's Commissioner
Campaigner welcomes removal of racist refugee restrictions
By: Murdoch Stephens
Sroubek report confirms Minister made wrong decision
By: New Zealand National Party
NZTA to refocus on safety following review
By: New Zealand Government
NZTA to adopt "safety first"?
By: Movement
NZ roads will never cope with heavier trucks
By: Citizens Environmental Advocacy Centre
National Party open to higher methane targets
By: BusinessDesk
NZ to go Dutch to battle climate change
By: BusinessDesk
Small end of town needs to chip in on climate change - Carr
By: BusinessDesk
Carr named to chair Climate Change Commission
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media