New Zealand economy to respond to rate cuts


New Zealand Finance Minister Nicola Willis. — Bloomberg

AUCKLAND: New Zealand’s government is talking up the economic outlook as it approaches its first year in office, saying falling interest rates and financial discipline will revive demand next year.

“Lower interest rates mean families get to keep more of their money and they increase the opportunities for businesses to invest, innovate and expand,” Finance Minister Nicola Willis told a finance sector conference here yesterday.

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