European Parliament Library

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

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
Table Of Contents
COVER; CONTENTS; A BUMPY RECOVERY; Boxes; 1. The Economic Impact of the Canterbury Earthquakes; OUTLOOK AND RISKS; 2. Are House Prices Overvalued?; SECURING A SUSTAINABLE AND BALANCED RECOVERY; A. Monetary Policy; B. Fiscal Policy; MAINTAINING FINANCIAL STABILITY; SAVING AND EXTERNAL VULNERABILITY; 3. Equilibrium Real Effective Exchange Rate; STAFF APPRAISAL; Tables; 1. Selected Economic and Financial Indicators, 2006-12; 2. Summary of Central Government Budget, 2006/07-2011/12; 3. Balance of Payments and External Debt, 2005-10; 4. Balance of Payments and External Debt, 2005-10
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (52 p.)
Specific Material Designation
Form Of Item

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