English Says N.Z. Powerless to Curb Bond-Fueled Currency Gains

English Says N.Z. Powerless to Curb Bond-Fueled Currency Gains

Mark Coote/Bloomberg

Partially demolished buildings stand in the central business district of Christchurch, New Zealand, on Aug. 7, 2012. New Zealand’s economic recovery has slowed in the second half of 2012 as a global slowdown hurt exports.