BNZ Weekly Overview

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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. New subscribers can sign up here. https://feedback.bnz.co.nz/mail/link/e4W9I885s02DiWnsSu2Gnw   All the best Tony Alexander Chief Economist www.tonyalexander.co.nz 04 474-6744

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Duane Turner
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