Bollard on agriculture, monetary policy, economy

In the speech 'Agriculture, monetary policy and the economy' given on 18 July Alan Bollard of the RBNZ said at the moment the New Zealand economy is moving into a rebalancing period.

"A strong domestic sector is weakening, while the export sector is gradually strengthening, helped along by a softer New Zealand dollar. With our current account deficit over 9 per cent, this is a rebalancing that has to take place. From an overall economic viewpoint, we are pleased to see it underway.

"The big

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