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.

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.

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.

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.

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.

Economy

NZ govt. forecasts larger budget deficit for year ahead

New Zealand’s government forecasts a larger budget deficit but better-than-predicted economic conditions in the coming year as is updates forecasts ahead of next month’s election.

Economy

RBNZ holds a cash rate of 5.5%

The Reserve Bank of New Zealand (RBNZ) maintained its cash rate steady at 5.5% on Wednesday. 

Economy

New Zealand's cost of living rises by 7.2%

The cost of living for the average household in New Zealand rose by 7.2% in the 12 months to June this year, according to new figures published on Wednesday by Stats NZ.

Economy

NZ inflation slows less than forecast in Q2

Inflation in New Zealand decelerated less than forecast in Q2 as domestic prices remained high, indicating the central bank will need to stay watchful.

Economy

New Zealand tips into recession

New Zealand has fallen into recession as the economy contracted in Q1, according to data out last Thursday.

Economy

Bank margins to be hit by economic slowdown

The outlook for New Zealand and Australia’s banks has been revised downwards from “neutral” to “deteriorating,” according to Fitch Ratings.

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.

Economy

NZ govt. forecasts larger budget deficit for year ahead

New Zealand’s government forecasts a larger budget deficit but better-than-predicted economic conditions in the coming year as is updates forecasts ahead of next month’s election.

Economy

RBNZ holds a cash rate of 5.5%

The Reserve Bank of New Zealand (RBNZ) maintained its cash rate steady at 5.5% on Wednesday. 

Economy

New Zealand's cost of living rises by 7.2%

The cost of living for the average household in New Zealand rose by 7.2% in the 12 months to June this year, according to new figures published on Wednesday by Stats NZ.

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