New Zealand: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

May 19, 2008

Preview Citation

Format: Chicago

New Zealand: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed December 22, 2024

Summary

New Zealand has experienced a decade-long robust economic expansion, owing to its sound macroeconomic policies and structural reforms, but resource constraints have emerged. Executive Directors welcomed the policy settings, supported by the anticipated evolution of external and global developments. They noted that fiscal policy and tightened stance of monetary policy are appropriate. Directors noted that the financial sector remains sound. They also welcomed the steps taken by the Reserve Bank of New Zealand (RBNZ) to review its liquidity policy for banks to encourage the diversification of funding sources.

Subject: Banking, Exchange rates, External debt, Financial institutions, Foreign exchange, Housing prices, Inflation, Mortgages, Prices

Keywords: Bank financing, Consultation cycle, CR, Exchange, Exchange arrangement, Exchange rates, Global, Headline CPI inflation, House price inflation, Housing prices, Inflation, Inflation pressure, ISCR, Mortgages, Nontradables inflation, Percent quota, Rate

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/163
Stock No:

1NZLEA2008001
ISBN:

9781451830361
ISSN:

1934-7685

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