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Two Labour aligned commentators have been claiming in recent weeks that the high New Zealand dollar is leading to a consumer spending surge as people take advantage of cheaper imports.
They are wrong.
BERL economist Ganesh Nana claimed on television in the wake of the Reserve Bank’s decision to
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Rob Hosking
Thu, 10 Apr 2014
Thu, 10 Apr 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Election 2014 fact-checker: Data belies Labour claims of an exchange rate-driven consumption boom
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