New Zealand Finance Minister Bill English said the nation’s currency is unlikely to weaken even as economic growth slows and the central bank puts interest-rate increases on hold.
New Zealand’s economic rebound is “patchy” and the government isn’t expecting a significant increase in revenue that would help narrow its budget deficit, Finance Minister Bill English said.
New Zealand’s dollar, the best- performing major currency this year, is too strong and poses a challenge for the nation’s exporters, according to Finance Minister Bill English.
"Now is certainly not the time to put New Zealand's good progress at risk with more taxes and sharply higher government spending."
- Bill English on Aug 18, 2014