RBNZ Monetary Policy Statement, March 2006

The Reserve Bank of New Zealand published its March 2006 Monetary Policy Statement on 9 March. The report said that economic indicators are now clearly signalling a slowdown, following New Zealand's longest economic expansion in 30 years.

The economy is now around 30 per cent larger, in real terms, than it was in 1998. The expansion, which commenced in late 1998, has changed its character through time. The growth in domestic demand has increasingly outstripped growth in the economy's productive

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