There is little authorities can do to reduce the high New Zealand dollars with the markets being too big and powerful at present.
The high dollar is having a negative impact on exporters.
Changes at the Reserve Bank include a tweaking in inflation with the target rate at 1 to 3 per cent.
Heading into the bad month for equities historically, but at present shares are holding a reasonable bid with interest continuing in the high dividend shares.
1 comment
Really???
Posted on 27-09-2012 20:04 | By Phailed
Fonterra just paid a huge $8 million to its CEO on leaving, so dairy sector must be booming??? Also $NZ still low against Aussie $ which means they're a whole lot better off that us. Show me a great economy with a rubbish currency. I've yet to see one.
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