- Says reflects view that NZ’s will continue to feature moderate fiscal flexibility , a resilient economy, and strong political and economic institutions.
- Notes NZ’s high external debt and weak external liquidity, vulnerable to swings in commodity income, high household debt and adverse demographic profile .
- Says NZ economy has favorable prospects for sustained growth while there remains strong demand for agricultural exports.
- Says expects NZ major banks’ credit profiles to remain sound by international standards.
RTRS
Kiwi moving to the highs of the session at 0.8130.