Promised to us Hus Experience in business to bring down The Cost Of Living which has been one of the main issues in the election. New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian Party or whether they will also need to form a three Party Coalition with new Zealand New Zealand first, essentially a populist pork barrel politics party, and those
Down The Cost Of Living which has been one of the main issues in the election. The economy has been teetering on the brink of recession while New Zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high until inflation is backin 15 year high until inflation is back in the targeted Comfort Range of 1 up to 3 . We have spoken to Arthur Grimes from Victoria University of wellington who spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. , a, ,. , 2013. There are many priorities for the incoming 2013. There are many priorities for the incoming government. | for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be
Pashakokis, both cnbc contributors. I start with jared bernstein. Good to see you. Hello, michelle. Yesterday, president obama touts this change by treasuries as a great thing, citing understandably one of the great things about america is its rule of law, but apparently missing the irony that by changing the rules in the middle of the game he has undermined the rule of law. How on earth can this be justified . Laws change all the time when there is a problem. I think the government this is not a law. This is just a regulatory change that has gone around congress. These are new rules on the books that have to be followed. If people dont follow it, they will be in violation and there will be actions. I think the important point here is that there are two very significant problems afoot. One is tax avoidance by industries who just moved their tax mailbox, not the operations, over to foreign markets in order to avoid the tax bill, and the other is a group of a small group of advisers who
Cooperation agreement on july tenth in two thousand to take the relationship is now even closer. On todays program where can i get to have mrs stephen pate and whos the director of the new zealand industry and commerce and Industry Office hitting taipei taiwan to share with us to stay off the bow tied to relations between new zealand and taiwan will come to progress to that. Thank you very much thank you for having me on your program and im delighted to get to talk to. Many people around the world about what new zealand and taiwan to be doing to get the recently yes and the silly thing applies here too happy on the program and then the one that sweet discuss those new zealand has always had a very close relationship with taiwan in terms of tree commoners Investment Education culture many areas. But neil gillis issued two landmark agreement Economic Cooperation between the two sides. Bill was signed on to like ten in two thousand and eight. And the name of the agreement is called the ag
Cooperation agreement on july test in two thousand to take the relationship is now even closer. On todays program where can i get to have mrs stephen pate and whos the director of the new zealand industry and commerce and Industry Office heating taipei taiwan to share with us to stay off the bow tied to relations between new zealand and taiwan. Well come to provo and stephen thank you very much thank you for having me on your program and im delighted to get to talk to. Many people around the world about what new zealand and taiwan to be doing to get the recently yes and this silly thing applies here too happy on the program and then the one that sweet discuss those new zealand has always had a very close relationship with how one instance of tree comers Investment Education culture many areas. But neil gillis issued two landmark agreement Economic Cooperation between the two sides. Bill was signed on to like ten in two thousand and eight. And the name of the agreement is called the agr