Economy

New Zealand inflation slows down to 3-year low

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

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.

Markets

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.

Economy

New Zealand inflation slows down to 3-year low

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

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.

Markets

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.

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.

Markets

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.

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

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.

Markets

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.

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.

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