21.05.2015 - The price of dairy products will grow and support the New Zealand dollar
According to the forecasts of the Treasury of New Zealand, which has presented a draft budget of New Zealand, prices for dairy products, which is the main export commodity group in New Zealand will grow in the second half of 2015, which will support the New Zealand currency. In addition, the Treasury said that annual inflation will be 1.4% in Q1 2016, the budget deficit of the government will be 684 million. Analysts do not exlude the possibility of lower interest rates of the RBNZ in case of slowdown in the economy. We expect a fall of the New Zealand currency in the near future.