NTMA impresses in London
April 29, 2010
John Corrigan, head of the National Treasury Management Agency, gave a presentation to a high level group of bond investors, brokers and bankers in London on April 27th. According to a source who was in attendance, Corrigan’s presentation was very well received. The slide on wage unit costs (see attachment, slide 9) went a considerable way to convincing potential investors that the economy is moving in the right direction. Competitiveness had been badly undermined by the excessive growth in credit during the years 2002-2007, which fuelled a speculative property bubble.
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