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Slideshow NZ PM Key brushes off idea to print money to lower currency Tweet Share this Email Print Analysis & Opinion Attempting to measure what QE3 will and wonâ€™t do Krugmanâ€™s legacy: Fed gets over fear of commitment Related Topics World » New Zealand Prime Minister John Key gives a speech at the Trans-Tasman Business Circle Lunch in central Sydney July 5, 2012. Credit: Reuters/Daniel Munoz WELLINGTON | Sun Oct 7, 2012 2:44pm EDT WELLINGTON (Reuters) - New Zealand's Prime Minister John Key brushed off suggestions by opposition party to print money to lower the country's strong currency because it would create inflation and increase business costs. "The latest idea of the Green (Party) to print money that is a pretty whacky idea," Key told Television New Zealand on Monday. "Printing money makes you rich. Zimbabwe would be the richest country on the planet and it's not." Key reiterated inflation remains the primary focus of the country's monetary policy, adding that increasing money supply would raise inflation. "That means your interest rates will go up. Your mortgage costs will go up, your business costs will go up. The costs of everything you buy will go up," he said. "It might bring your currency down, it might be a by-product of that, but it's quite a cost and risk to the consumers." Key said New Zealand's economy was not in a "bad shape", adding that it was growing at one of the fastest rate in the countries grouped under OECD. (Reporting by Mantik Kusjanto) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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