European Parliament Library

New Zealand :, 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

New Zealand has experienced a decade-long robust economic expansion, owing to its sound macroeconomic policies and structural reforms, but resource constraints have emerged. Executive Directors welcomed the policy settings, supported by the anticipated evolution of external and global developments. They noted that fiscal policy and tightened stance of monetary policy are appropriate. Directors noted that the financial sector remains sound. They also welcomed the steps taken by the Reserve Bank of New Zealand (RBNZ) to review its liquidity policy for banks to encourage the diversification of funding sources
Table Of Contents
Cover; Contents; Executive Summary; I. Background; Figures; 1. Prolonged Expansion Leads to Overheating; 2. Monetary Policy Tightening; 3. Fiscal Over-performance; 4. The Exchange Rate and External Liabilities; II. Policy Discussions; 5. The Banking Sector; Boxes; 1. What Was the Impact of the Global Financial Turmoil on New Zealand?; A. The Outlook; 6. Consumption Outlook; B. Monetary Policy; 7. Inflation Expectations; C. Competitiveness and External Stability; 8. Housing Sector; 2. New Zealand's Equilibrium Real Exchange Rate; D. Fiscal Policy; E. Financial Sector; 9. The Fiscal Plan
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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