Natural events have big impact on NZ.

	Canterbury earthquake and storm has had a big impact on NZ recently. Effects will be both short and long-term.
	NZ economy has softened. RBNZ has made big change to its economic and inflation outlook - resulting in lower OCR and interest rate outlook.
	NZ dollar remains strong. Given ongoing monetary support in the US, NZD could appreciate  to around 0.76 against the USD over the next 9 months.

Read the full PDF report.

Other sites of interest: www.asbsecurities.co.nz  www.asb.co.nz  www.commbank.com.au

In order to read these documents you will need to have Adobe Acrobat Reader. If you do not have this software installed on your computer, please click on the Adobe link to download it. (The software is free of charge).

Report prepared by:
James Shortall
ASB Rural Economist
Phone: +64 9 337 4263
Fax: +64 9 302 0992