An update on the New Zealand business survey showing the weakest business confidence for nine years
Post is here:
In brief:
- Q3 business confidence hit -30, from -20 in Q2
- low for 9 years
The NZD has edge a touch lower in the hour following the release:
Meanwhile some RBNZ remarks crossing, from the Bank's annual report :
- RBNZ Board satisfied that monetary policy has been appropriate