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 finance minister called a stronger local dollar an “impediment” to export growth and said it’s difficult to see a case in which the currency advances further this year.
New Zealand Finance Minister Bill English will probably increase sales tax in his budget tomorrow, providing scope to stimulate economic growth without risking a widening of the government’s deficit.
The New Zealand dollar is over valued and there is little the government can do to lower it, Finance Minister Bill English said. The currency fell.
New Zealand Finance Minister Bill English said the nation’s currency is still too strong as a pickup in the U.S. economy has taken more time than anticipated.
New Zealand Finance Minister Bill English said the nation’s currency remains too strong and is hampering exports.
New Zealand probably won’t need to lower borrowing costs again because business confidence will rebound from a slump after the nation’s deadliest earthquake in 80 years, Finance Minister Bill English said.
"We are in the unusual but encouraging situation where we have solid economic growth, more employment and higher wages, but few pressures on inflation."
- Bill English on Dec 17, 2014