July 9 2009 BNZ Weekly Overview

Welcome to the July 9 2009 issue of the BNZ Weekly Overview

This week we take a look at a growing number of economic indicators in New Zealand which are getting better. Then we note why extreme caution is still required about the next 12-18 months including continuing uncertainty about the world economy and the decrease in global credit availability. In the interest rate markets rates have barely budged from a week ago. But the NZD has fallen to near US 62.5 and 58 Yen in response to one of the inevitable waves of heightened risk aversion sweeping through the world’s financial markets.

BNZ Weekly Overview (PDF)

ENDS

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