INDEPENDENT NEWS

PTA Equal To The Task - Cullen

Published: Wed 6 Dec 2000 10:31 AM
"The Reserve Bank's projection that inflation will reach 3.8 percent in the current quarter and remain above the target band until mid next year indicates that the Policy Targets Agreement can cope with unexpected price shocks," Finance Minister Michael Cullen said today.
"I have read the December Monetary Policy Statement and agree that the Bank's decision to look through the current spike is appropriate and consistent with the PTA.
"That is also the view of the Treasury and of most commentators," Dr Cullen said.
"I am confident in the Bank's assessment that the spike will be transitory and will quickly pass through the CPI.
"Maintaining low and stable inflation is important for achieving the Government's medium and long term growth strategy," Dr Cullen said.
Ends

Next in New Zealand politics

Wellington’s Water Woes Reflect National Problem
By: Water New Zealand
National’s Economic Plan For 2020 And Beyond
By: New Zealand National Party
Abortion Legislation Bill Report Presented To The House
By: Abortion Legislation Committee
New Report A Pathfinder For Affordable Housing
By: Local Government NZ
Sallies Issue “Can Do Better” Report Card In Election Year
By: Salvation Army
Auditor-General's Report Published - Reflecting On Our Work About Water Management
By: Office of the Auditor-General
Wellington Water Infrastructure 'in Crisis', Councillor Says
By: RNZ
Wellington Would Struggle For Enough Water To Fight Fires Post-quake
By: RNZ
Unsustainable water use calls for warning
By: Wellington Water
Core infrastructure renewal must take priority
By: Wellington Chamber Of Commerce
Kiwis Better Off Under Coalition Government
By: New Zealand Government
Speech: National’s Economic Plan For 2020
By: New Zealand National Party
Bridges: Over-hyped And Under-delivered
By: New Zealand Government
ACT’s Ideas Needed To Make National’s Vision A Reality
By: ACT New Zealand
A Checklist For Economic Reform
By: ACT New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media