BNZ Weekly Overview, March 25 2010

Welcome to the March 25 issue of the BNZ Weekly Overview

Because of the Easter holiday next week we are going to run our monthly confidence survey this week. If you have the time please click on the URL below and let us know whether you think the economy will get better or worse over the coming year. And if possible let us know how things are in your industry at the moment specifying what that industry is and –if you want – what region you are in.

http://survey.usuite.com/survey/7f801dd05f3742619b046cc119c15106.sur

This week we learnt the NZ economy grew 08% during the December quarter which is exactly what the markets were expecting. Given that and the absence of any other major new pieces of information there have been no substantial changes in either wholesale interest rates or the exchange rate this week.

This week we take a look at a silly proposal some have for stopping the exchange rate rising when the Reserve Bank raises the cash rate, have a discussion about problems facing investors with a lump sum, and review the position of borrowers thinking about how long they may sit floating.

http://img.scoop.co.nz/media/pdfs/1003/WOMch25.pdf

ENDS

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