Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


BNZ Weekly Overview, February 23

Welcome to the February 23 edition of the BNZ Weekly Overview.

There has been some excitement in the FX market this week with the Kiwi dollar dropping 1.5¢ against the U.S. dollar and 1¢ against the Australian dollar. Exporters may want to contain their excitement for the moment however as some of the rumors which have driven our currency lower may prove unfounded - namely Japanese investment banks no longer promoting Kiwi dollar denominated bond issues. Plus, we still don't believe the Reserve Bank will be easing monetary policy until early next year and the chances of an early easing have diminished with the currency now sitting almost 3% below the level the Reserve Bank assumed in their inflation forecasts.

But it has still been a good week for exporters and the drift in the Kiwi dollar is definitely downward through this year and 2007.

Best regards

Tony Alexander
Chief Economist

See... BNZ Weekly Overview, Feb 23 (PDF)

© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>