IMAGE
Winter, Mark 1958-:[NZ dollar plunges] 3 March 2011
- Date
- 2011
- Reference
- DCDL-0017220
- Description
Text reads 'A plunge against the greenback after interest rate comments' and the cartoon shows the words 'NZ DOLLAR' from which the 'o', represented by a one dollar coin, has slipped. The kiwi on the coin says 'cent-less behaviour'. Context - The New Zealand dollar fell 0.8 percent to 74.10 U.S. cents as of 4:59 p.m. in Wellington from 74.72 cents yesterday in New York. Key's remarks were his most explicit on the outlook for borrowing costs since the Feb. 22 temblor devastated New Zealand's second-largest city. The central bank has kept rates unchanged since July after two increases in the middle of last year, and a reduction would contrast with steps by counterparts around the world to check escalating inflation pressures. The Prime Minister was criticised for saying he was expecting a cut and would welcome it. The Reserve Bank is supposed to be completely independent of the government. (Business Week 2 March and TVNZ 7 March 2011)
Quantity: 1 digital cartoon(s).
- Use/Reproduction
- Please check copyright
- Access restrictions
- No access restrictions
- Part of
- Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers / Winter, Mark, 1958- :[Digital cartoons published in the Southland Times and other papers]
- Format
- 1 digital cartoon(s), Works of art, Digital images, Cartoons (Commentary)
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Winter, Mark 1958-:[NZ dollar plunges] 3 March 2011. Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers. Ref: DCDL-0017220. Alexander Turnbull Library, Wellington, New Zealand. /records/23041396More information can be found in our terms of use.