High dollar hurting exporters - NZMEA
Tue, 17 Jan 2012 5:52a.m.
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.
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6/05/2012 6:08:07 p.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.
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