Views Article – Sharenet Wealth

Asia, Forex

New Zealand’s PM says govt always looking at ways to stimulate economy

WELLINGTON, Aug 12 (Reuters) – New Zealand’s Prime Minister Jacinda Ardern said on Monday that spending promised in the annual budget would help stimulate the economy, but the government is always looking at other things it can do.

“We are certainly mindful of the role we have to play to stimulate the economy,” Ardern said at a news conference when asked if the government was willing to spend more to boost the economy. “Of course we tried to get ahead of that in the decisions we made in the 2019 budget.”

New Zealand’s central bank stunned markets last week with a steep interest rate cut, and flagged the risks to the domestic economy from international trade tensions and the slowing global economy. (Reporting by Wellington newsroon; Ediitng by Jacqueline Wong)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )