NZ dollar holds gains following OCR cut
The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.
The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.
The City of Sails is being left behind by some of the world’s biggest cities, a report released today says.
A key industry is suffering, but other economic signs paint a happier picture, writes Brian Fallow.
Reserve Bank governor Graeme Wheeler yesterday delivered the 25 basis points cut to the official cash rate down to 3 per cent that the markets had expected and foreshadowed more to come.
Banks reduce mortgage rates on the back of Reserve's announcement - and it's likely the OCR will fall further.
Wheeler struck the right note in this morning's official cash rate announcement: appropriately dovish but not alarmist.
The New Zealand dollar has fallen ahead of the Reserve Bank's expected interest rate cut this morning.
NZIER's monetary policy shadow board favours a cut to the official cash rate of 25 basis points to 3 per cent tomorrow.
The dollar advanced as traders who had bet on the currency's decline took profits ahead of the tomorrow's interest rate decision.
A net inflow of 3000 migrants in June pushed the annual net gain to 58,300 - the 11th straight month it has hit a new record.
The banks has been named bank of the year for everyday banking by consumer organisation Canstar.
The NZ-China free trade agreement doesn't stop new restrictions on house sales to overseas buyers, but National's subsequent deals try to, writes David Parker.
The choice of Green MP Julie Anne Genter for the hefty finance portfolio raised a few eyebrows so we put her to the test.
Open Country has told its farmers that their forecast payout has been cut back due to slumping world dairy prices.
New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in 11 months in June.
Paul Kane of Grant Thornton NZ, looks at the state of the economy through the eyes of his clients.
The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.
The rebuild has represented a large, if tragic, boost to demand, equivalent to nearly a fifth of a year's output for the New Zealand economy.
It's known as confession season - that time of year when companies do their end of year accounts and come clean on any nasty surprises they've uncovered.
NZX dairy futures prices are trading at a discount to the physical market in the aftermath of a worse-than-expected GDT auction.
Welfare rolls have increased for the first time in a June quarter since 2010, confirming other signs of that New Zealand's economic growth is slowing.
One of New Zealand's most prominent and outspoken economists, Shamubeel Eaqub, has resigned from the NZIER.
Exactly where does the housing ladder lead, asks Brian Fallow - to financial security, or to years and years of debt servitude?
The dollar has since consolidated after a slump in dairy prices and benign inflation stoked expectations of interest rate cuts.
Inflation remained low in the June quarter, but not quite as low in Auckland as in the country as a whole.