The National Party has been returned with a mandate to govern at least as strong as before. There is thus little cause for us to alter our views on the NZ economy and financial markets. The markets would appear to have liked Saturday’s election result, albeit with NZD up not even half a cent while wholesale interest rates were largely unchanged at today’s open. Nevertheless, there is good reason to keep abreast of New Zealand’s policy agenda and, particularly, the pace of it from here.
Read the full report: Market Research