NZ economy
Crown Financial Statements reported a $12.9 billion annual deficit in 2023/2024, despite increased tax revenue
10th Oct 24, 1:00pm
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Crown Financial Statements reported a $12.9 billion annual deficit in 2023/2024, despite increased tax revenue
Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
9th Oct 24, 6:21pm
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Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
[updated]
Reserve Bank declares victory on inflation and delivers double whammy rate cut
9th Oct 24, 2:01pm
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Reserve Bank declares victory on inflation and delivers double whammy rate cut
Construction boom could act as ‘circuit breaker’ and drive the New Zealand economy out of recession, leading stock brokerage says
8th Oct 24, 3:11pm
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Construction boom could act as ‘circuit breaker’ and drive the New Zealand economy out of recession, leading stock brokerage says
Economists warn there is a rising risk of deflation if the Reserve Bank doesn’t cut interest rates fast enough
1st Oct 24, 3:31pm
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Economists warn there is a rising risk of deflation if the Reserve Bank doesn’t cut interest rates fast enough
Weak pricing data in business survey supports further interest rate cuts, NZIER says
1st Oct 24, 10:04am
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Weak pricing data in business survey supports further interest rate cuts, NZIER says
Mortgage rate relief could bring about a breakthrough in the polls that has otherwise eluded Prime Minister Christopher Luxon
22nd Sep 24, 6:30am
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Mortgage rate relief could bring about a breakthrough in the polls that has otherwise eluded Prime Minister Christopher Luxon
Economists call for faster rate cuts as the recent slowdown in economic activity outpaces the 2008 recession
20th Sep 24, 6:00am
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Economists call for faster rate cuts as the recent slowdown in economic activity outpaces the 2008 recession
New Zealand’s per capita recession has surpassed the Global Financial Crisis after contracting for seven consecutive quarters
19th Sep 24, 10:53am
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New Zealand’s per capita recession has surpassed the Global Financial Crisis after contracting for seven consecutive quarters
The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
18th Sep 24, 11:28am
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The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
Chris Hipkins says new taxes will be needed to fund healthcare and pensions for an ageing population without running up debt in the future
7th Sep 24, 9:35am
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Chris Hipkins says new taxes will be needed to fund healthcare and pensions for an ageing population without running up debt in the future
The Reserve Bank may pause OCR cuts in November to monitor the economy for a possible rebound in consumer demand as mortgage rates fall
4th Sep 24, 3:16pm
35
The Reserve Bank may pause OCR cuts in November to monitor the economy for a possible rebound in consumer demand as mortgage rates fall
RBNZ Governor Adrian Orr rejects 'U-turn' label at Parliament committee, suggests lower rates could be passed through to the economy more quickly
15th Aug 24, 1:01pm
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RBNZ Governor Adrian Orr rejects 'U-turn' label at Parliament committee, suggests lower rates could be passed through to the economy more quickly
Employment data weakens the case for interest rate cuts as job growth continues
8th Aug 24, 8:00am
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Employment data weakens the case for interest rate cuts as job growth continues
Population growth outpaced employment in the June quarter, pushing New Zealand’s jobless rate up to 4.6% with youth unemployment rising the most
7th Aug 24, 10:53am
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Population growth outpaced employment in the June quarter, pushing New Zealand’s jobless rate up to 4.6% with youth unemployment rising the most
Call goes out for new Treasury Secretary as Caralee McLiesh named as Australia’s Auditor-general
2nd Aug 24, 6:49am
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Call goes out for new Treasury Secretary as Caralee McLiesh named as Australia’s Auditor-general
New documents show Finance Minister Nicola Willis spent her trip to the United States discussing the political risks to global trade
20th Jul 24, 9:37am
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New documents show Finance Minister Nicola Willis spent her trip to the United States discussing the political risks to global trade
Three quarters of annual inflation was due to cost pressures outside the control of the RBNZ’s monetary policy
18th Jul 24, 12:47pm
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Three quarters of annual inflation was due to cost pressures outside the control of the RBNZ’s monetary policy
Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
17th Jul 24, 10:56am
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Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
A nation reinvented: 40 years on from its 1984 victory, the Fourth Labour Government still defines NZ, Richard Shaw says
15th Jul 24, 1:07pm
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A nation reinvented: 40 years on from its 1984 victory, the Fourth Labour Government still defines NZ, Richard Shaw says
ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
14th Jul 24, 9:01am
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ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
Policymakers should stop fighting the last war and start focusing on New Zealand’s post-inflation recovery, Dan Brunskill argues
13th Jul 24, 9:21am
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Policymakers should stop fighting the last war and start focusing on New Zealand’s post-inflation recovery, Dan Brunskill argues
Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
10th Jul 24, 6:37pm
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Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
10th Jul 24, 2:21pm
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The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
4th Jul 24, 11:31am
21
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing