New Zealand dollar falls as China's CORONA virus crisis expands

New Zealand dollar falls due to the spread of the Corona virus crisis in China

Last week in New Zealand released consumer price index numbers. The inflation level was at 0.5% in the fourth quarter, after rising by 0.7% during the third quarter, ensuring the current level of inflation in New Zealand. The actual goal of the New Zealand Central Bank for inflation is now between 1-3% levels.

New Zealand with Australia are trading partners with China in a strong and interrelated way, and because the US trade war with China has affected New Zealand, but the Corona virus has had and will also have impacts on the New Zealand economy, knowing that international trade accounts for 60% of New Zealand's economic activity.

Also, officials in New Zealand's monetary policy see that it is not likely to move interest rates at the moment, but the variables and high waves that come to New Zealand from China, there may be changes in the coming months.