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

Publication Date: May 09, 2011
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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(s): Article IV consultation reports | Banking sector | Current account deficits | Debt sustainability | Economic indicators | Economic recovery | External debt | Financial stability | Fiscal consolidation | Household credit | Staff Reports

Publication Date: May 09, 2011
ISBN/ISSN: 9781455274505/1934-7685 Format: Paper
Stock No: 1NZLEA2011001 Pages: 51
US$18.00 (Academic Rate:
US$18.00 )
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