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Business Weekly Economic Report
Offshore events to dominate
Monday, 02 March 2009
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Most of the week is going to be spent looking abroad, with Australia and the US under the microscope. A pivotal event for NZ interest rates this week will be the RBA’s rate decision. Opinions are divided on whether the RBA will cut rates again or stay on hold this Tuesday.
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Back home Friday’s Government accounts for the 7 months to January will receive attention. They will undoubtedly again show the fiscal position is weak relative to the Pre-election Update month-to-month forecasts (prepared prior to early October).
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Report Prepared by:
Jane Turner
ASB Economist
Phone: +64 9 374 8185
Fax: +64 9 302 0992
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