![Recovery progressing 'very slowly', Bollard says](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Recovery progressing 'very slowly', Bollard says
NZ's economic recovery is progressing 'very slowly' and 'could yet be a prolonged process,' the Governor of the Reserve Bank says.
NZ's economic recovery is progressing 'very slowly' and 'could yet be a prolonged process,' the Governor of the Reserve Bank says.
The Securities Commission has added its weight to the Reserve Bank's call for mum and dad investors' to be cautious about new private equity property investments.
New Zealand's currency woes are shared by many other economies in the AsiaPacific region and will be likely be major area of discussion at this weeks' Apec summit in Japan, says Prime Minister John Key.
NZ's 'tepid' recovery from the financial crisis is at risk of being derailed by the relative strength of the NZ dollar, Alan Bollard has warned.
Prime Minister John Key says NZ and its central bank are effectively powerless when it comes to checking the strength of the kiwi dollar.
The New Zealand dollar will try to break above 80 US cents this week after the Federal Reserve said it will start printing US$600 billion.