
Auckland housing market boosts regions
NZ house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions.
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.
The kiwi fell to 63.06 US cents at 5pm in Wellington from 63.32 cents at 8.30am, and down from 63.99 cents yesterday.
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.
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.
New research finds that many businesses in NZ do not have a clear understanding of inflation rates, much less the role of the central bank.
Most economists expect the bank to now retain an easing bias, with some tipping the rate to drop to 2 per cent.
The kiwi dollar has fallen by a full US cent this morning after the Reserve Bank cut the official cash rates to 2.75pc.
The New Zealand dollar has advanced ahead of the Reserve Bank's official cash rate announcement this morning.
Global equity markets gained and commodity markets rallied overnight, triggered in part by a late surge in Chinese equities.
Shares on both sides of the Atlantic moved higher overnight, triggered in part by a late surge in Chinese equities.
The mortgage rate war is heating up ahead of a widely tipped rates cut on Thursday, with ASB now matching the 4.35pc rate BNZ unveiled last week.
Traders have put 78 per cent odds of Reserve Bank governor Graeme Wheeler cutting the official cash rate.
The Reserve Bank is expected to cut interest rates this week, fueling belief that banks will follow suit and cut mortgage rates.
The NZ dollar declined after US labour market data left open the possibility of US interest rate hikes this month.
Prices of onion - a staple in diets of India nationals - have almost doubled since July, leading to a series of widely-reported heists in recent weeks.