Rural News
Chris Green responds to the RBNZ's criticism of 'some commentators advocating mechanistic rate cuts'; says RBNZ seeing inflationary ghosts and has systematic upward bias; ignoring rise in real interest rates and tightening relative to other central banks
6th Feb 16, 12:02pm
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Chris Green responds to the RBNZ's criticism of 'some commentators advocating mechanistic rate cuts'; says RBNZ seeing inflationary ghosts and has systematic upward bias; ignoring rise in real interest rates and tightening relative to other central banks
Governor says will interpret 1-3% inflation target flexibly in defiant speech; says won’t be ‘mechanistic’ about cutting rates just because CPI inflation below 1-3% target; Auckland still a financial stability risk
3rd Feb 16, 1:04pm
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Governor says will interpret 1-3% inflation target flexibly in defiant speech; says won’t be ‘mechanistic’ about cutting rates just because CPI inflation below 1-3% target; Auckland still a financial stability risk
PM says 15% dairy price fall this year linked to lower oil prices, which helps consumers; says RBNZ will be monitoring dairy prices; says no need to exclude foreign land buying from TPP as NZ can still impose big taxes on buyers, but no plans to for now
3rd Feb 16, 11:11am
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PM says 15% dairy price fall this year linked to lower oil prices, which helps consumers; says RBNZ will be monitoring dairy prices; says no need to exclude foreign land buying from TPP as NZ can still impose big taxes on buyers, but no plans to for now
Statistics NZ reports unemployment rate of 5.3% in December, down from 6%; But participation rate lower; Annual wage inflation only 1.5%
3rd Feb 16, 11:04am
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Statistics NZ reports unemployment rate of 5.3% in December, down from 6%; But participation rate lower; Annual wage inflation only 1.5%
Japan adopts a negative rate; US growth slows; Wall Street jumps; Swiss finds huge fraud at 1MDB; HSBC imposes hiring & pay freeze; UST 10yr yield 1.92%; gold and oil up again; NZ$1 = 64.8 USc, TWI-5 = 70.5
1st Feb 16, 7:54am
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Japan adopts a negative rate; US growth slows; Wall Street jumps; Swiss finds huge fraud at 1MDB; HSBC imposes hiring & pay freeze; UST 10yr yield 1.92%; gold and oil up again; NZ$1 = 64.8 USc, TWI-5 = 70.5
Bernard's Top 10: The losers are revolting; China's capital flight; The big invoicing scam; China's impossible trinity vs US$3 trln of reserves; The winner-takes-all economy; How Robots will drive interest rates lower; Clarke and Dawe
29th Jan 16, 12:32pm
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Bernard's Top 10: The losers are revolting; China's capital flight; The big invoicing scam; China's impossible trinity vs US$3 trln of reserves; The winner-takes-all economy; How Robots will drive interest rates lower; Clarke and Dawe
RBNZ holds OCR at 2.5% as expected; says “some further easing may be required” as headline inflation track is now lower than forecast in Dec; says Auckland still a financial stability risk
28th Jan 16, 9:03am
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RBNZ holds OCR at 2.5% as expected; says “some further easing may be required” as headline inflation track is now lower than forecast in Dec; says Auckland still a financial stability risk
Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected
26th Jan 16, 10:00am
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Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected
Labour Finance Spokesman says Dec qtr deflation data making a farce of NZ monetary policy; calls for re-think of pure inflation targeting; repeats call to broaden target to include job creation; HSBC says RBNZ credibility in question
21st Jan 16, 11:45am
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Labour Finance Spokesman says Dec qtr deflation data making a farce of NZ monetary policy; calls for re-think of pure inflation targeting; repeats call to broaden target to include job creation; HSBC says RBNZ credibility in question
Statistics NZ reports CPI fell 0.5% in qtr and rose 0.1% from year ago; lower than forecasts; food and petrol price falls main drivers; housing costs up 2.5%; Auckland rents up 3.3%
20th Jan 16, 10:48am
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Statistics NZ reports CPI fell 0.5% in qtr and rose 0.1% from year ago; lower than forecasts; food and petrol price falls main drivers; housing costs up 2.5%; Auckland rents up 3.3%
Bernard's Top 10 at 10: The story behind 'The Big Short'; Why China's credit-fueled boom is not working; How China's capital could exit US$50,000 at a time; The 'big switch' in China is not working; Maybe the Luddites were right this time; Clarke and Dawe
20th Jan 16, 10:15am
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Bernard's Top 10 at 10: The story behind 'The Big Short'; Why China's credit-fueled boom is not working; How China's capital could exit US$50,000 at a time; The 'big switch' in China is not working; Maybe the Luddites were right this time; Clarke and Dawe
NZIER's QSBO shows rebound from four year lows in December quarter; businesses increase hiring and a few push through price increases; capacity utilisation rises to second highest on record
19th Jan 16, 10:01am
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NZIER's QSBO shows rebound from four year lows in December quarter; businesses increase hiring and a few push through price increases; capacity utilisation rises to second highest on record
ANZ's survey of very small firms sees broad-based optimism that points to a good year ahead. Only the rural sector lags
15th Jan 16, 12:31pm
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ANZ's survey of very small firms sees broad-based optimism that points to a good year ahead. Only the rural sector lags
China gives up stock market fall limits; World Bank raises growth forecasts; Brazil in trouble too; Aussie trade dives; UST 10yr yield 2.19%; gold up again; oil down again; NZ$1 = 66.4 USc, TWI-5 = 72
8th Jan 16, 8:35am
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China gives up stock market fall limits; World Bank raises growth forecasts; Brazil in trouble too; Aussie trade dives; UST 10yr yield 2.19%; gold up again; oil down again; NZ$1 = 66.4 USc, TWI-5 = 72
China's stock markets shuttered again following fast slump; Aussie building approvals tumble; oil falls to US$33/bbl; gold jumps to US$1,100/oz; NZ$1 = 66.4 USc, TWI = 72.1
7th Jan 16, 4:08pm
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China's stock markets shuttered again following fast slump; Aussie building approvals tumble; oil falls to US$33/bbl; gold jumps to US$1,100/oz; NZ$1 = 66.4 USc, TWI = 72.1
US payrolls and service sectors expand; US trade deficit falls; Texas cow deaths; China trapped, yuan falls; US abandons 'fair value' rule; UST 10yr yield 2.20%; gold up; oil at 11 yr low; NZ$1 = 66.3 USc, TWI = 72.1
7th Jan 16, 8:31am
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US payrolls and service sectors expand; US trade deficit falls; Texas cow deaths; China trapped, yuan falls; US abandons 'fair value' rule; UST 10yr yield 2.20%; gold up; oil at 11 yr low; NZ$1 = 66.3 USc, TWI = 72.1
WMP falls -4.4% but other dairy prices rise; China battling to restore sentiment; US car sales hit record; Sydney house prices fall; UST 10yr yield 2.24%; gold up oil down; NZ$1 = 67 USc, TWI = 72.6
6th Jan 16, 8:30am
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WMP falls -4.4% but other dairy prices rise; China battling to restore sentiment; US car sales hit record; Sydney house prices fall; UST 10yr yield 2.24%; gold up oil down; NZ$1 = 67 USc, TWI = 72.6
China equity markets suspended on -7% fall; China and US factories weaker, other Asian factories gain; US construction soft; Smith gone; UST 10yr yield 2.22%; gold up oil down; NZ$1 = 67.4 USc, TWI = 72.9
5th Jan 16, 8:24am
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China equity markets suspended on -7% fall; China and US factories weaker, other Asian factories gain; US construction soft; Smith gone; UST 10yr yield 2.22%; gold up oil down; NZ$1 = 67.4 USc, TWI = 72.9
US jobless claims rise; China shifts tack; China services healthy but factories not growing; UST 10yr yield 2.27%; gold and oil down; NZ$1 = 68.3 USc, TWI = 73.6
4th Jan 16, 8:52am
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US jobless claims rise; China shifts tack; China services healthy but factories not growing; UST 10yr yield 2.27%; gold and oil down; NZ$1 = 68.3 USc, TWI = 73.6
IMF sees a disappointing 2016; US house prices up +6%; Portugal trips up the NZSF; uranium sales rising; UST 10yr yield 2.31%; gold and oil down; NZ$1 = 68.3 USc, TWI = 73.5
31st Dec 15, 8:42am
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IMF sees a disappointing 2016; US house prices up +6%; Portugal trips up the NZSF; uranium sales rising; UST 10yr yield 2.31%; gold and oil down; NZ$1 = 68.3 USc, TWI = 73.5
US confidence rises (even in Texas); China adopts the Accommodation Supplement'; Brazil in trouble; home loan approvals high; UST 10yr yield 2.27%; gold and oil up; NZ$1 = 68.7 USc, TWI = 73.9
30th Dec 15, 8:50am
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US confidence rises (even in Texas); China adopts the Accommodation Supplement'; Brazil in trouble; home loan approvals high; UST 10yr yield 2.27%; gold and oil up; NZ$1 = 68.7 USc, TWI = 73.9
Panic selling in China's sharemarkets; strong investment fund flows; P2P regulation; Japan's rut deepens; US retail gains; UST 10yr yield 2.21%; oil's low parity; gold down; NZ$1 = 68.5 USc, TWI = 73.6
29th Dec 15, 8:49am
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Panic selling in China's sharemarkets; strong investment fund flows; P2P regulation; Japan's rut deepens; US retail gains; UST 10yr yield 2.21%; oil's low parity; gold down; NZ$1 = 68.5 USc, TWI = 73.6
China pollution worse, flights canceled; US jobless claims low; Chinese house prices 'unaffordable'; Chinese outbound tourism booms; oil holds low; gold up; NZ$1 = 68.4 USc, TWI = 73.6
28th Dec 15, 9:00am
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China pollution worse, flights canceled; US jobless claims low; Chinese house prices 'unaffordable'; Chinese outbound tourism booms; oil holds low; gold up; NZ$1 = 68.4 USc, TWI = 73.6
US durables flat; sentiment higher; personal income up; NZ housing debt rises faster, rural debt slower; oil prices turn up; gold falls; NZ$1 = 67.8 USc, TWI = 73.1
24th Dec 15, 7:58am
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US durables flat; sentiment higher; personal income up; NZ housing debt rises faster, rural debt slower; oil prices turn up; gold falls; NZ$1 = 67.8 USc, TWI = 73.1
A review of things you need to know before you go home on Tuesday; China hints at more stimulus, 4 more Fed hikes tipped, Maui pipeline sold, Commerce Commission in action, NZ dollar steady
22nd Dec 15, 3:59pm
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A review of things you need to know before you go home on Tuesday; China hints at more stimulus, 4 more Fed hikes tipped, Maui pipeline sold, Commerce Commission in action, NZ dollar steady