04/08/23 - US downgraded, but NZ has kept its AAA credit rating - Aussie data

JMI Wealth Director Andrew Kelleher discusses the good news for NZ, retaining its AAA credit rating despite the Fitch US credit rating position. What does this mean for New Zealand? Next, he remarks on the development across the Tasman with a trade surplus of 11.3 billion despite imports falling and retail sales declining. Listen to the full commentary below to hear Andrew’s views. For more market insights and our terms and conditions, visit ww.jmiwealth.co.nz