Economy

RBNZ holds cash rate steady at 5.5%

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.

Economy

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.

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.

Economy

RBNZ holds cash rate steady at 5.5%

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.

Economy

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.

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.

Economy

New Zealand Government Presents Tax-cutting Budget

The government of New Zealand presented a picture of a soft economy in Thursday’s Budget, increasing unemployment and a weaker balance sheet.

Economy

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.

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.

Economy

New Zealand’s unemployment forecast to hit 5% by the end of 2024

Unemployment in New Zealand is set to increase to a three-year top and wage growth decline.

Economy

Inflation in New Zealand drops to 4%

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.

Economy

RBNZ keeps rates unchanged for sixth straight meeting

The Reserve Bank of New Zealand (RBNZ) held interest rates the same for the sixth consecutive meeting on Wednesday, stating they need to stay higher for longer to curb inflation.

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

New Zealand Government Presents Tax-cutting Budget

The government of New Zealand presented a picture of a soft economy in Thursday’s Budget, increasing unemployment and a weaker balance sheet.

Economy

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.

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.

Economy

New Zealand’s unemployment forecast to hit 5% by the end of 2024

Unemployment in New Zealand is set to increase to a three-year top and wage growth decline.

Economy

Inflation in New Zealand drops to 4%

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.

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