Scoop Audio: RBNZ MPS Presser 4 Dec. 08

Thursday, 4 December 2008, 11:17 am
Article: Alastair Thompson

UPDATED VIDEO LINKS ADDED (courtesy R2.co.nz):
384kbps Stream - suitable for good broadband. - Video and audio http://www.r2.co.nz/20081204/rbnz-384.asx

128kbps Stream - suitable for slow broadband.. - Video and audio http://www.r2.co.nz/20081204/rbnz-128.asx

56kbps Stream - suitable for dial up modems. - Video and audio http://www.r2.co.nz/20081204/rbnz-56.asx

• Scoop Audio: Reserve Bank Governor Dr Alan Bollard was bullish in his assessment of the resilience of the NZ economy in the face of the ongoing global financial crisis today. Dr Bollard described his record 1.5 percent cut in the OCR as taking NZ monetary conditions into an expansionary phase. The bank is expecting zero growth for a few months, a sharp rise in unemployment and then a swift return to real economic growth of 4.5% in the 2011 year.

Click for big version
Reserve Bank Governor Dr Alan Bollard at this morning's press conference

ENDS

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Alastair Thompson

Scoop Publisher

Alastair Thompson is the co-founder of Scoop. He is of Scottish and Irish extraction and from Wellington, New Zealand. Alastair has 24 years experience in the media, at the Dominion, National Business Review, North & South magazine, Straight Furrow newspaper and online since 1997. He is the winner of several journalism awards for business and investigative work.

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