Economic commentary & insight

The latest financial news and commentary from BNZ.

Weekly Overview

Thursday 10 May 2012

Data regarding the state of the NZ economy have been thin on the ground this week. No matter because the big events driving financial markets have been offshore. Weak US jobs data and the European election results and ensuing confusion have caused a wave of risk aversion to sweep across the markets. This has pushed the NZ dollar down along with wholesale interest rates.