The Reserve Bank of New Zealand (RBNZ) held the cash rate steady at 5.5% on Wednesday, but indicated a potential easing of monetary policy over time if inflation decelerates as anticipated.
New Zealand house prices fall in June for third straight month
House prices in New Zealand declined for the third consecutive month in June, facing pressure from high interest rates that are prompting buyers to stay on the sidelines.
The Reserve Bank of New Zealand (RBNZ) held the cash rate steady at 5.5% on Wednesday, but indicated a potential easing of monetary policy over time if inflation decelerates as anticipated.
New Zealand house prices fall in June for third straight month
House prices in New Zealand declined for the third consecutive month in June, facing pressure from high interest rates that are prompting buyers to stay on the sidelines.
Treasury seeks more spending cuts and revenue hikes in weak economy
Secretary Caralee McLiesh says the Treasury Department of New Zealand is investigating additional measures to lower government spending and raise revenue despite ongoing declines in tax receipts due to the sluggish economy.
Inflation progress is being made, says RBNZ chief economist
Chief economist at the Reserve Bank of New Zealand (RBNZ), Paul Conway has said that significant progress is being made to return inflation to its target.
New Zealand immigration falls to 11-month low in April
Immigration in New Zealand decelerated to an 11-month low in April as a record number of citizens left the country, indicating a potential easing of the population pressures that have been a concern for policymakers.
New Zealand Dollar outperforms amongst G10 currencies
The New Zealand Dollar is leading the way in the G10 currency space, buoyed by increasing equity markets and reports of a significant potential boost for the Chinese economy.
Robust rally in number of Australian visitors to New Zealand
Visitor numbers to New Zealand from Australia are experiencing a strong rally, even though they represent the country’s biggest gap in terms of visitor volume.
New Zealand's annual inflation has fallen to its lowest level in almost three years. According to figures published by Stats NZ, consumer prices rose 0.6% in Q1, to bring the annual rate down to 4.0%, the lowest seen since June 2021.
Treasury seeks more spending cuts and revenue hikes in weak economy
Secretary Caralee McLiesh says the Treasury Department of New Zealand is investigating additional measures to lower government spending and raise revenue despite ongoing declines in tax receipts due to the sluggish economy.
Inflation progress is being made, says RBNZ chief economist
Chief economist at the Reserve Bank of New Zealand (RBNZ), Paul Conway has said that significant progress is being made to return inflation to its target.
New Zealand immigration falls to 11-month low in April
Immigration in New Zealand decelerated to an 11-month low in April as a record number of citizens left the country, indicating a potential easing of the population pressures that have been a concern for policymakers.
New Zealand Dollar outperforms amongst G10 currencies
The New Zealand Dollar is leading the way in the G10 currency space, buoyed by increasing equity markets and reports of a significant potential boost for the Chinese economy.
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