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September 2003 Reserve Bank Bulletin Released

September 2003 Reserve Bank Bulletin Released

The publication referred to can be viewed at http://www.rbnz.govt.nz/research/bulletin/2002_2006/sep2003.html

The Reserve Bank today released the September 2003 issue of the Reserve Bank of New Zealand Bulletin. The September issue contains a series of articles, reflecting the breadth of the Reserve Bank's responsibilities.

Among them is an annual review of developments affecting New Zealand's financial stability. In this review, we conclude that New Zealand's financial sector has remained resilient despite continued global economic weakness.

The Bulletin also discusses New Zealand's neutral real interest rate (the interest rate after adjusting for inflation which is neutral in its effect on the economy), and trends in the level of this measure over recent years, with international comparisons. Another topic covered is the characteristics of terrorist financing. We summarise international initiatives to counter the financing of terrorism, including actions taken by the New Zealand Government.

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