Friday 19 September 2014

BNZ Weekly Overview

Tony Alexander

Weekly Overview September 18  2014

Welcome to the September 18 2014 BNZ Weekly Overview, attached.

The economy's growth rate has hit a nine year high of 3.6% with construction playing a big role. But while this above average of 2.5% growth will eventually strain resources and push inflation up the pricing risks for now remain muted. Hence no further change in monetary policy until maybe March next year and borrowers for now have time on their hand to decide on fixing at a term of their preference.

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All the best

Tony Alexander
Chief Economist

www.tonyalexander.co.nz

04 474-6744

        

bnz.co.nz

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Any views expressed in this publication are the views of Tony Alexander and do not necessarily represent those of BNZ, or its related entities. The information in this publication is provided for general information purposes only, and is a summary based on selective information which may not be complete for your purpose. To the extent that any information or recommendations in this publication constitute financial advice, they do not take into account any person's particular financial situation or goals. Bank of New Zealand recommends that you seek advice specific to your circumstances from your financial adviser. Neither Bank of New Zealand nor any person involved in this publication accepts any liability for any loss or damage whatsoever may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in this publication.

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