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New Zealand : 2011 Article IV consultation : staff report, public information notice on the Executive Board discussion, and statement by the Executive Director for New Zealand.

Author: International Monetary Fund,
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/102.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
New Zealand's recovery has stalled since mid-2010. Spare capacity has helped contain inflation. The Reserve Bank of New Zealand (RBNZ) lifted its policy rate in two steps from a record low of 2.5 percent to 3 percent in mid-2010. The exchange rate appreciated and financial markets have largely recovered from the global financial crisis. The banking sector remains profitable and is dominated by four subsidiaries of  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund,
ISBN: 1283559072 9781283559072 9781462336487 1462336485
OCLC Number: 747033906
Description: 1 online resource (51 pages).
Series Title: IMF country report, no. 11/102.
Other Titles: New Zealand, 2011 Article IV consultation
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Abstract:

New Zealand's recovery has stalled since mid-2010. Spare capacity has helped contain inflation. The Reserve Bank of New Zealand (RBNZ) lifted its policy rate in two steps from a record low of 2.5 percent to 3 percent in mid-2010. The exchange rate appreciated and financial markets have largely recovered from the global financial crisis. The banking sector remains profitable and is dominated by four subsidiaries of Australian banks that performed well during the crisis. The 2010 Canterbury earthquakes have disrupted economic activity, reduced wealth, and weakened confidence.

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