New Zealand Has No Appetite for Unaffordable Responses to Shock

New Zealand will adopt a careful approach to the fuel crisis because it doesn’t have the fiscal headroom for unrestrained spending to ease the pain of higher pump prices, according...

By Tracy Withers · Bloomberg Markets

New Zealand will adopt a careful approach to the fuel crisis because it doesn’t have the fiscal headroom for unrestrained spending to ease the pain of higher pump prices, according to Finance Minister Nicola Willis.