New Zealand (NZ) Prime Minister (PM) Christopher Luxon stated in a parliamentary address on Tuesday that his administration will relentlessly focus on unleashing growth in order to raise incomes, support local companies, and create opportunities by 2025.
"Promising signs of success were seen in 2024, such as inflation dropping and remaining low, interest rates dropping, wages continuing to rise faster than inflation, and business and consumer confidence rising," he added.
Reaction of the market
PM Luxon's remarks did not improve the mood surrounding New Zealand (NZD), as the NZD/USD pair is still down 0.54% on the day and is still trading heavily at 0.5660.
"Promising signs of success were seen in 2024, such as inflation dropping and remaining low, interest rates dropping, wages continuing to rise faster than inflation, and business and consumer confidence rising," he added.
Reaction of the market
PM Luxon's remarks did not improve the mood surrounding New Zealand (NZD), as the NZD/USD pair is still down 0.54% on the day and is still trading heavily at 0.5660.
