BNZ Weekly Overview 30 November 2006
Friday, 1 December 2006, 11:15 am
Press Release: BNZ Weekly
Welcome to the November 30 edition of the BNZ Weekly
Overview.
This week we have seen the New Zealand dollar
rise by one cent against the greenback mainly in response to
weakness in the US currency on the back of increasing
expectations of easing monetary policy in the United States
over 2007. But the New Zealand dollar is also receiving
support from investors losing their worries about our
economy in the face of recent strong economic
data.
Wholesale interest rates have increased marginally
over the week assisted by strong economic data including
firm business confidence, strong construction, and continued
strong growth in private sector credit.
See... BNZ Weekly Overview 30 November
2006
ENDS
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Bank of New Zealand (BNZ) has been a big part of New Zealand life for over 150 years since its foundation in 1861. The bank employs over 5,000 people and has more than 170 retail stores and 32 Partners business centres across the country.
Passionate about enabling a higher achieving New Zealand, BNZ works with personal, business, agri, and private wealth clients, helping them grow and make their goals a reality.
A subsidiary of the National Australia Bank Group of companies, BNZ is governed locally by a Board of Directors and strives to help New Zealanders be good with money.