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NZ First's Reserve Bank Bill pulled from ballot

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NZ First's Reserve Bank Bill pulled from ballot

By: Newstalk ZB staff | Latest Political News | Thursday August 16 2012 13:51

 

New Zealand First believes changing the functions of the Reserve Bank will help keep our overvalued exchange rate down.

Leader Winston Peters has a Bill seeking to expand the Bank's focus pulled out of the parliamentary ballot.

It'd provide the Bank with flexibility to promote growth and employment and manage the dollar.

Mr Peters says the historic role of the Bank to keep the rate of inflation between one and three percent is important, but widening the functions provides us with a golden opportunity to re-balance the economy and enhance our economic prospects.

Photo: Getty Images

 

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