Brian Fallow: Got a surplus - how about some growth?
The Treasury is warning that economic growth this year might drop below 2 per cent. That would mean virtually zero in per capita terms, writes Brian Fallow.
The Treasury is warning that economic growth this year might drop below 2 per cent. That would mean virtually zero in per capita terms, writes Brian Fallow.
Consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fee
But Reserve Bank governor is wary of stoking housing market.
Business confidence extended its decline in the third quarter, plunging to its lowest level in more than four years.
NZ house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions.
Residential building consents fell 4.9pc in August as the Canterbury rebuild shifts its focus toward commercial work.
Want to know what central bankers will do in the next few years? There's a Bank of England website page you need to read.
Auction clearance rates have dropped and attendance rates are down as soaring prices flatten out.
New Zealand dollar drops after US Federal Reserve talked up the chances of US rate hike.
Let's take a deep breath: It shouldn't matter that much whether the Federal decides this week to raise interest rates by 25 basis points, or possibly even less.
Our economy grew - but less than expected in the second quarter of the year, as agriculture and mining recovered.