NZ Finance Minister speaks to parliamentary committee

NZ Finance Minister speaks to parliamentary committee

Finance Minister Bill English has concluded his testimony to parliamentary committee.

His key points were:
Sees `reasonable' investment, job creation
Fortunate to have options from budget surpluses
Doesn't look like New Zealand at risk of deflation
RBNZ inflation forecasts look credible
NZD might fall if US continues growth path
Lower NZD would bring back inflation to economy
NZ Q1 GDP number hit the tapes at 10:45am.

Current indicative levels are:

NZDUSD 0.7025 / 0.7050
NZDAUD 0.9490 / 0.9515
NZDEUR 0.6235 / 0.6260
NZDGBP 0.4945 / 0.4970
NZDJPY 74.40 / 74.65

ends

© Scoop Media