Dec. 9 at a meeting of the Reserve Bank of New Zealand, it was decided to keep key rates steady at 2.5%. Such an outcome predicted by most analysts' meeting.
In an accompanying statement said the continuation of economic recovery in New Zealand, which reflects the improving world economic growth, higher export commodity prices, increased government spending and the sustainability of the housing market. On the other hand, the high New Zealand dollar limits the role of exports in the reconstruction. Despite the improvement in business confidence, the cost of capital goods remained at a low level. With regard to inflation, its level is below 2% before 2011 and will reach the target value in the medium term.
New Zealand economy is supported by both the monetary and fiscal policies from. If the recovery continues, the conditions will facilitate the transition to a tight monetary policy since mid-2010.
In an accompanying statement said the continuation of economic recovery in New Zealand, which reflects the improving world economic growth, higher export commodity prices, increased government spending and the sustainability of the housing market. On the other hand, the high New Zealand dollar limits the role of exports in the reconstruction. Despite the improvement in business confidence, the cost of capital goods remained at a low level. With regard to inflation, its level is below 2% before 2011 and will reach the target value in the medium term.
New Zealand economy is supported by both the monetary and fiscal policies from. If the recovery continues, the conditions will facilitate the transition to a tight monetary policy since mid-2010.
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