Reserve Bank of New Zealand Bulletin, Sep 2003

The Reserve Bank of New Zealand published its quarterly Bulletin for September 2003. Among the articles is an annual review of developments affecting New Zealand's financial stability. In the review the RBNZ concludes that New Zealand's financial sector has remained resilient despite continued global economic weakness. The Bulletin also discusses New Zealand's neutral real interest rate (the interest rate after adjusting for inflation which is neutral in its effect on the economy), and trends in

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