External debt could prove perilous: NZ’s Bollard
New Zealand must address imbalances in external debt, Alan Bollard, the governor of the Reserve Bank of New Zealand (RBNZ), said on Monday.
In remarks to the Wellington Regional Chamber of Commerce, Bollard warned that New Zealand's ingrained external imbalances would ultimately be punished by markets, pointing out that foreigners have now invested around $202 billion in the country, which more than twice the amount New Zealanders have lent overseas. "New Zealand is one of the very few developed
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