Wednesday, October 1, 2008

We can weather the storm, say Kiwis

Today's stuff.co.nz poll, which asks the question: "Do you think NZ is well placed to cope with the current global credit crisis?", has found (at 9.30pm) that more than 60 percent of New Zealanders think it is.

Those who answered "Yes" totalled 406, or 63.5 percent of respondents, while those who answered "No" totalled 233, or 36.5 percent of respondents.

No doubt they were influenced by the benchmark NZX 50, which rose 97.745 points, or 3.07 percent, to 3187.961 today.

Meanwhile, Reserve Bank Governor Alan Bollard said: "The New Zealand banking system is sound... We don't think there are hidden nasties there at all."


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