New Zealand set for slowdown - Bollard

New Zealand will see a moderate slowdown in economic activity reflecting weaker household spending, business investment, the negative effects of dry weather conditions and the impact of the exchange rate on exporters, stated Alan Bollard, the governor of the Reserve Bank of New Zealand.

"Over the past three weeks global financial markets have remained volatile, funding costs had risen and credit conditions tightened. New Zealand households and businesses are seeing the effects of this via higher

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