RBNZ Monetary Policy Statement, March 2004

The Reserve Bank of New Zealand has published its Monetary Policy Statement (MPS) for March 2004. Speaking at the release of the Statement Governor Alan Bollard said New Zealand has continued to enjoy a period of sustained economic growth over recent years. However there are ongoing risks that the bottlenecks in the economy persist for some time yet.

The New Zealand economy continued its remarkable expansion through the second half of 2003 and early 2004, albeit with widening gaps between

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