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Scoop Audio: RBNZ MPS Presser 4 Dec. 08

Scoop Audio: Reserve Bank of New Zealand Monetary Policy Press Conference - Thursday, December 04, 2008


By Alastair Thompson


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Reserve Bank Governor Dr Alan Bollard at this morning's press conference (see another image below)

UPDATED VIDEO LINKS ADDED (courtesy R2.co.nz):
384kbps Stream - suitable for good broadband. - Video and audio http://www.r2.co.nz/20081204/rbnz-384.asx

128kbps Stream - suitable for slow broadband.. - Video and audio http://www.r2.co.nz/20081204/rbnz-128.asx

56kbps Stream - suitable for dial up modems. - Video and audio http://www.r2.co.nz/20081204/rbnz-56.asx

  • Scoop Audio: Reserve Bank Governor Dr Alan Bollard was bullish in his assessment of the resilience of the NZ economy in the face of the ongoing global financial crisis today. Dr Bollard described his record 1.5 percent cut in the OCR as taking NZ monetary conditions into an expansionary phase. The bank is expecting zero growth for a few months, a sharp rise in unemployment and then a swift return to real economic growth of 4.5% in the 2011 year.

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Click for big version

Reserve Bank Governor Dr Alan Bollard at this morning's press conference

ENDS

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