RBNZ's Bascand says economy looks close to a turning point

Author: Adam Button | Category: Central Banks

Comments from Deputy Governor Bascand

  • Fiscal stimulus could boost growth next year
  • Strong commodity prices supporting recovery
  • Still downside risks but picture more balanced
  • Capital rules won't hurt economic recovery
Everyone is rushing to declare a turning point. The thinking is that positive talk can become self-reinforcing but they should wait until there's some clarity on the trade war.

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