By 3 News online staff
The high New Zealand dollar is taking part of the blame for the job losses in New Zealand mining announced yesterday.
There are calls for the Government and the Reserve Bank to do more to bring down the Kiwi dollar.
New Zealand First leader Winston Peters is proposing a bill to widen the remit of the Reserve Bank, wishing to see the bank's role broadened to include other factors.
“Right now inflation is really the only objective and the governor of the Reserve Bank keeps his job regardless of whether 100,000 [people] lose their jobs in manufacturing and exporting,” he told firstline this morning.
Mr Peters wishes to see GDP growth, employment figures and export numbers also become key roles for the Reserve Bank governor.
3 News
source: newshub archive
