Details

Autor(en) / Beteiligte

• Lien, Kathy

Titel

Currency Profile: New Zealand Dollar (NZD)

Ist Teil von

• Day Trading and Swing Trading the Currency Market, 2015, p.255-262

Ort / Verlag

United States: John Wiley & Sons, Incorporated

Erscheinungsjahr

2015

Link zum Volltext

Quelle

Wiley Online Library All Obooks

Beschreibungen/Notizen

• New Zealand is a very small economy. Fiscal Responsibility Act sets legal standards that hold the government formally responsible to the public for its fiscal performance. Monetary policy in New Zealand is determined by the Reserve Bank (RBNZ). The Official Cash Rate is the rate set by the RBNZ to implement monetary policy. The correlation between Australian and New Zealand dollars contributes to the NZD's status as a “commodity linked” currency. Of the industrialized countries, New Zealand tends to maintain the highest interest rate. Gross Domestic Product is a quarterly measure of the total production and consumption of goods and services in New Zealand. The Consumer Price Index (CPI) covers a wide range of goods and services, including food, housing, education, transportation and health. The Producer Price Index (PPI) is a family of indexes that measures average changes in selling prices received by domestic producers for their output.