Caught between a rock and a hard place.
- Global financial markets, New Zealand included, remain caught between three forces.
- With no end in sight yet for credit concerns and housing declines, equity markets remain shaky.
- With no end in sight yet for inflation pressures, exchange rates remain volatile.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: (649) 374 8819
Facsimile: (649) 302 0992