New Zealand National Govt's English:Interest Rates Can Comes Off More
National Party deputy leader Bill English, who is on track to become the country's finance minister after the ruling Labour Party was booted out from its nine-year reign, told Radio New Zealand the government will consider a range of polices to stimulate the economy, which includes an already signaled tax-relief package.
He said the new government will provide an economic statement before Christmas, adding that the crisis confronting the global economy is the worst in several decades.
English said the threat to the domestic economy from the global turmoil could see the current recession deepen, with growth possibly contracting in calendar 2009.
"There's the opportunity to reduce interest rates....and there's also the opportunity for fiscal stimulus and that's been discussed quite a bit through the election campaign," he said.
-Shri Navaratnam, Dow Jones Newswires; 64-4-471-5990; shri.navaratnam@dowjones.com
(END) Dow Jones Newswires
November 09, 2008 15:59 ET (20:59 GMT)
Publié le 09 novembre 2008 Copyright © 2008 Dowjones
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