From the NZ press (interest.co)
- Has given his strongest hint yet that he expects the Reserve Bank to cut interest rates further in response to very low inflation
- New Zealand is in a better position than most because the Reserve Bank still has room to move if needed
- Says New Zealand businesses had been resilient in the face of the global financial crisis, Canterbury earthquakes, higher interest rates than the rest of the developed world and a high New Zealand dollar
- Relatively strong domestic results come despite some ongoing wobbles in the global economy
More at that link, above
