Reserve Bank Move Prudent, Timely

Published: Wed 19 Sep 2001 11:23 AM
The Reserve Bank was correct to cut the official cash rate today, says Business New Zealand Chief Executive Simon Carlaw.
"It is a prudent response to US events, and in line with the actions of other major central banks.
"New Zealand's economic well being is linked closely with that of the US and the Reserve Bank's action is timely.
"It will also go some way towards counteracting any loss of business confidence as a result of recent events in Australia, " Mr Carlaw said.

Next in Business, Science, and Tech

Consents For New Homes At All-time High
By: Statistics New Zealand
Unemployment Declines As Underutilisation Rises
By: Statistics New Zealand
The story behind Vodafone’s FibreX court ruling
By: Digitl
Why The Reserve Bank Is Concerned About New Zealand's Rising House Prices
By: The Reserve Bank of New Zealand
Westpac New Zealand Announces Strong Financial Result
By: Westpac New Zealand
MYOB: SME Confidence In Economic Performance Still Cautious
Unemployment Statistics - COVID-19 Recovery Still Uneven
By: New Zealand Council of Trade Unions
Unemployment Drop No Cause For Celebration
By: New Zealand National Party
Drop In Unemployment Shows Govt Economic Plan Working
By: New Zealand Government
View as: DESKTOP | MOBILE © Scoop Media