• Full Story

High dollar hurting exporters - NZMEA

Print

Tue, 17 Jan 2012 5:52a.m.

Mr Walley says there are many options open to the Reserve Bank

Mr Walley says there are many options open to the Reserve Bank

The New Zealand dollar is too high and exporters are hurting -  some may even be out of business if action isn't taken soon.

That's the message from the New Zealand Manufacturers and Exporters Association, which says the Reserve Bank urgently needs to intervene.

Chief executive John Walley says there seems to be an attitude of helplessness, which must change.

"It's been overvalued now for a long period, and exporters are starting to get at the end of their tether," says  Mr Walley.

Mr Walley says there are many options open to the Reserve Bank, and all he asks is for them to take some form of action.

RadioLIVE

Become a fan of 3 News on Facebook and on Twitter.

Post a Comment

Before commenting, please take the time to read our moderation guide


(Won't be published)



Comments

06 May 2012 06:08p.m.

Thomas W wrote:

Implementing a 'prudential ratio', would be far-more effective than relying on interest rates. These encouraged hot money & inflated the bubble, in the first place. http://stratpark.co.nz/society/nz-dollar-too-high-jobs-crime-unemployment/