Economy

New Zealand's economy shrank in the second quarter, with declines in several major industries, which suggests the central bank may proceed with further rate cuts this year.

posted on 19.09.2024

Economy

New Zealand's residential construction activity dropped to a four-year low last quarter, suggesting the economy may be entering another recession.

posted on 06.09.2024

Business

Business confidence has reached its highest point in 10 years, as reported by the ANZ Business Outlook survey for August.

posted on 29.08.2024

Economy

The Reserve Bank of New Zealand (RBNZ) has reduced its benchmark interest rate for the first time since March 2020 and indicated that further cuts may be forthcoming in the months ahead.

posted on 14.08.2024

Economy

The jobless rate in New Zealand increased less than forecast in Q2 as the country’s economy unexpectedly increased its workforce even though the outlook was less optimistic.

posted on 08.08.2024

Economy

New Zealand’s business confidence rose 21 points to +27 in July, whilst businesses’ expectations for their own activity edged up 4 points to +16.

posted on 02.08.2024

Economy

Inflation in New Zealand slowed more than anticipated in Q2 to its weakest in three years, despite ongoing domestic price pressures.

posted on 18.07.2024

Economy

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.

posted on 10.07.2024

Markets

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.

posted on 04.07.2024

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.

posted on 26.06.2024

Economy

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.

posted on 19.06.2024