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March 1 Edition Of The BNZ Weekly Overview
March 1 Edition Of The BNZ Weekly Overview
Economic data released over the past week have shown household debt growth continuing at a firm pace, dwelling consents turning up slightly in January, businesses expecting average activity levels but planning to hire people and raise prices, and strong growth in imports of consumer goods and capital equipment. There is nothing to dissuade the RB from raising the cash rate next week and the ructions in world sharemarkets are best viewed as froth in an overvalued speculation-driven Chinese sharemarket rather than the start of a shock requiring central bank action.
The NZD has ended down only half a cent against the USD from a week ago near 70.1 cents and unchanged against the AUD near 89 cents.
SEE FULL WEEKLY OVERVIEW IN PDF
FORMAT
http://img.scoop.co.nz/media/pdfs/0703/WOmch1.pdf
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