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21 May 2019 9:05
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  •   Home > News > Business

    An economist says a drop in the Kiwi dollar isn't all bad news

    An economist says a drop in the Kiwi dollar isn't all bad news


    The dollar is at a 2 year low, buying just 66 US cents.

    While it means higher prices for Kiwis, ASB's Chief Economist Nick Tuffley
    says there is an upside.

    He says we're more attractive for tourists, the US dollar prices of things
    like dairy are slightly better, and our manufactured exports become slightly
    cheaper as well.

    Tuffley says, usually, for every percent decline in the exchange rate,
    consumer prices rise by a 10th of a percent.

    © 2019 Newstalk ZB, NZCity


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