The Green Party is calling for reform of the Reserve Bank’s governance structure following today’s Official Cash Rate decision which reverses the mistaken OCR rises of 2014. The Reserve Bank Governor has today unwound 75 of the 100 basis points that he increased the OCR by just last year.

“The Reserve Bank made the right decision today to cut the OCR – effectively reversing the mistaken OCR increases in 2014 – but concentrating this power in just one person isn’t the right way to make good decisions,” Green Party finance spokesperson Julie Anne Genter said.

“我们希望看到央行的决策权扩大到不止一个人 - 由来自全国各地的经济专家小组的决策是符合其他经合组织国家会发生什么。

“过预测通胀维持利率高于他们应该已经在最近几年，这已经花费了经济工作，根据国会图书馆的分析。

“根据央行的自己的号码，在OCR一个百分比的上升0.5降低经济产出 - 1％，而失业人数增加0.5 - 1.2％。

“利率一直过高，时间过长，这已经对我国经济的人工拖累。

“较低的OCR将整体上有利于谁想要投资增长工作猕猴桃企业，将有助于提升制造业和出口部门，并帮助首次购房者试图进入住房市场。

“央行做出了正确的决定削减官方现金利率从给国民政府在低迷的经济环境领导力的缺乏。

“The risk from a lower OCR is that it’ll add fuel to the Auckland housing market as sales traditionally pick up in spring, which is why the Government needs to introduce a capital gains tax, limit land sales to New Zealand residents, and support more high quality mid-rise residential development near good public transport,” said Ms Genter.