NEWS  |  

Markets

RBNZ holds rates steady at 5.5%

The Reserve Bank of New Zealand (RBNZ) held the cash rate steady at 5.5% on Wednesday, and reduced the forecast peak for rates, as policymakers stated the inflation outlook risks were now more balanced.

Markets

Government may permit foreigners to buy build-to-rent homes

New Zealand’s government is looking to allow foreigners to invest in build-to-rent homes in a bid to stimulate housing supply, according to finance minister Nicola Willis.

Economy

RBNZ may hike OCR to 6% in Feb and April, says ANZ

The Reserve Bank of New Zealand (RBNZ) may hike the Official Cash Rate (OCR) to 6% at its upcoming meetings in February and April.

Markets

RBNZ holds rates steady at 5.5%

The Reserve Bank of New Zealand (RBNZ) held the cash rate steady at 5.5% on Wednesday, and reduced the forecast peak for rates, as policymakers stated the inflation outlook risks were now more balanced.

Markets

Government may permit foreigners to buy build-to-rent homes

New Zealand’s government is looking to allow foreigners to invest in build-to-rent homes in a bid to stimulate housing supply, according to finance minister Nicola Willis.

Economy

RBNZ may hike OCR to 6% in Feb and April, says ANZ

The Reserve Bank of New Zealand (RBNZ) may hike the Official Cash Rate (OCR) to 6% at its upcoming meetings in February and April.

Economy

New Zealand’s minimum wage rises by 2% from April

New Zealand’s government has revealed the minimum wage will rise by 45 cents an hour to $23.15 from 1 April. This signals a 2% increase, the slowest rate in 10 years, from the present minimum wage of $22.70.

Markets

NZ home-building costs rise at slowest pace in seven years

House-building costs in New Zealand increased at the slowest pace in over seven years as high-interest rates and economic uncertainty hampered new home demand.

Markets

New Zealand immigration hits record high

Immigration in New Zealand has reached a new all-time high, moving further into “unsustainable territory.”

Economy

RBNZ holds rates steady, warns of further tightening

The Reserve Bank of New Zealand (RBNZ) held the official cash rate steady on Wednesday but said inflation was still too high and additional policy tightening may be required.

Politics

New Zealand unveils three-party coalition government

The New Zealand National Party secured an agreement on a three-party coalition government on Friday.

Markets

NZ Dollar top performing major currency following inflation survey

New Zealand's Dollar was the top performer out of major currencies as a survey showed inflation in the country wasn't forecast to revert to the 2.0% target any time soon.

Economy

New Zealand’s consumer credit demand continues to rise

Consumer credit demand continues to increase in New Zealand despite high-interest rates and weak economic conditions, according to new findings.

Economy

New Zealand’s food-price inflation dips to 14-month low

Food-price inflation in New Zealand slowed down to a 14-month low in September, fuelling signals the cost-of-living crisis may be easing.

Markets

RBNZ holds rates steady at 5.5%

The Reserve Bank of New Zealand (RBNZ) held the cash rate steady at 5.5% on Wednesday, and reduced the forecast peak for rates, as policymakers stated the inflation outlook risks were now more balanced.

Markets

Government may permit foreigners to buy build-to-rent homes

New Zealand’s government is looking to allow foreigners to invest in build-to-rent homes in a bid to stimulate housing supply, according to finance minister Nicola Willis.

Economy

RBNZ may hike OCR to 6% in Feb and April, says ANZ

The Reserve Bank of New Zealand (RBNZ) may hike the Official Cash Rate (OCR) to 6% at its upcoming meetings in February and April.

Economy

New Zealand’s minimum wage rises by 2% from April

New Zealand’s government has revealed the minimum wage will rise by 45 cents an hour to $23.15 from 1 April. This signals a 2% increase, the slowest rate in 10 years, from the present minimum wage of $22.70.

Markets

NZ home-building costs rise at slowest pace in seven years

House-building costs in New Zealand increased at the slowest pace in over seven years as high-interest rates and economic uncertainty hampered new home demand.

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