Earlier today the NZ government said it'd eat into some its surplus to fund infrastructure spending
NZ government providing a fiscal boost to the economy and taking some of the pressure off RBNZ monetary policy. NZD popped on the announcement but has subsequently subsided to a fresh session low (AUD/NZD buyers cited as the cause …. go figure).
So, an economic boost and a lower currneyc. What's not to love?
The timid folk in the Australian government might want to pay attention. They won't.
