Kiwi PM out the on wires a few moments ago
- govt always prepared to respond to slump if needed by putting more cash in the pockets of individuals or more direct activity through bringing forward infrastructure projects
- RBNZ has "relatively upbeat" view of economy
" If you read the RBNZ governor's comments last week I thought he was reasonably upbeat. He also makes the point, rightly so, that he's still got interest rates at the highest base rate of any developed economy"
NZDUSD unfazed but near session lows at 0.6315
NZ PM Key- no need for govt to act right now
