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/Editor:

International Monetary Fund

Publication Date:

May 9, 2011

Electronic Access:

Free Full Text (PDF file size is 1815 KB).Use the free Adobe Acrobat Reader to view this PDF file

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 Australian banks that performed well during the crisis. The 2010 Canterbury earthquakes have disrupted economic activity, reduced wealth, and weakened confidence.

Series:

Country Report No. 11/102

Subject:

English

Publication Date:

May 9, 2011

ISBN/ISSN:

9781455274505/1934-7685

Stock No:

1NZLEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

51

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