BNZ Weekly Overview, Feb 22 2007

Friday, 23 February 2007, 10:03 am
Press Release: BNZ Weekly

Welcome to the February 22 edition of the BNZ Weekly Overview.

Over the past week we have seen more positive data on the NZ economy and this has helped push the NZD above US 70.5 cents. There are two weeks to go to the Reserve Bank's review of the official cash rate and chances are high of an increase and warning that further movement may be necessary. This means higher mortgage interest rates are likely in the next few weeks and in the short term further NZD appreciation looks quite possible.

See... BNZ Weekly Overview, Feb 22 2007

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