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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

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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.

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