PM Key says RBNZ rate hike "would have been disastrous" for exporters
30th Oct 09, 8:09am
by
Prime Minister John Key has told reporters in Tokyo that any Reserve Bank decision to hike the Official Cash Rate would have been disastrous for exporters. "It would have been a disastrous move. I think he did the right thing personally," Key said, referring to Reserve Bank Governor Alan Bollard's decision to face down the markets and stick to his pledge of holding the OCR until the second half of 2010.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.