RBNZ cites High NZD as Financial Risk to the New Zealand Economy 5/8/2013

Primary Source:
RBNZ Financial Stability Report Chapter 4 Financial Risks to the New Zealand Economy (PDF)– May 2013


Excerpt:

Financial risks to the New Zealand economy

..."The relative strength of the New Zealand economy, in a period where the global outlook is quite uncertain, has pushed the New Zealand dollar (NZD) to new highs that will be problematic for some firms that compete in international markets. The subdued global outlook and high NZD have contributed to weak domestic inflation pressure, which has kept the Official Cash Rate at low levels despite the momentum building in property markets and the construction sector."...




Press Release 5/8/2013
RBNZ concerned over growing financial stability risks