Moody's - New Zealand's budget for fiscal year ending june 2019 highlights new Government's commitment to maintaining fiscal surpluses and reducing debt

Market news

23 May 2018

Moody's - New Zealand's budget for fiscal year ending june 2019 highlights new Government's commitment to maintaining fiscal surpluses and reducing debt

Believes New Zealand budget's revenue assumptions achievable, given projections for revenue growth broadly in line with nominal GDP growth

The New Zealand dollar slumped after Reserve Bank of New Zealand Assistant Governor John McDermott stated that the central bank could reduce cash rates to below zero and engage in asset buying programmes in case of a major crisis

IMF says Saudi Arabia making good progress with economic reforms, growth to start picking up this year

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.