The International Monetary Fund (IMF) commented on New Zealand’s economic and financial developments following their latest Article IV report.
The IMF has noted that New Zealand’s medium-term economic risks are tilted downward, most likely related to the island country’s housing market and dependency on tourism. The IMF also stated that the Reserve Bank of New Zealand’s (RBNZ) current monetary policy is “sufficiently expansionary”; the RBNZ is widely expected to remain frozen on any rate decisions for the rest of 2018, and well into 2019.
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