Interest rates

Regarding Rob Paterson's letter (NZ Herald, May 22), the responsibility of the Reserve Bank to set interest rates has been devolved from one person, the Governor, to a committee. Whether the concept of a committee decision is better than an individual's is a moot point but no one has questioned the calibre of the people who have been appointed. I am sure they have taken their decision after due consideration of all the facts, including the interests of savers and risk-averse investors.
These investors should rest assured the purchasing power of their investments is more likely to be preserved

Australian election

Coalition partners

Loss of hearing

Advertisement

Adopting technology

Iwi series

SuperGold upgrade

Marine parks

Scooter hazard

Short & Sweet

Advertisement