- Says N.Z., Australia continue to learn valuable lessons.
- Says effects of carry trades can be distortionary.
- Says policy makers still working to understand GFC.
- Says high levels of household debt remain.
- Says N.Z. has seen effects of carry trades on currency.
- FX pressure from global monetary policy problematic.
- Europe remains ‘ dark cloud’ over world economy.
BBG: Bollard File Speech on Lessons from Global Financial Crisis
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}