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New Zealand Economy Will Respond to Rate Cuts, Willis Says
New Zealand’s government is talking up the economic outlook as it approaches its first year in office, saying falling interest rates and fiscal discipline will revive demand next year. “Lower interest rates mean families get to keep more of their money and they increase the opportunities for businesses to invest, innovate and expand,” Finance Minister Nicola Willis told a finance sector conference Tuesday in Auckland. Since the new government formed in November last year, Willis has battled against a structural budget deficit and anemic economic growth. But the Reserve Bank began cutting interest rates in ... (full story)
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- Posted: Oct 14, 2024 10:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,429
