RBNZ Monetary Policy Statement, September 2006

The Reserve Bank of New Zealand published its September 2006 Monetary Policy Statement on 14 September. The report said the New Zealand economy continues to show resilience.

As reported in earlier statements, we have seen clear signs of easing activity and a rebalancing of demand from the domestic to the external sector since late last year. However, economic activity appears to have been stronger than expected through the first half of 2006, with the expansion of employment particularly

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