bnzeconomists

ECB meeting offers nothing which leads to heavy falls across European stock markets

ECB meeting offers nothing which leads to heavy falls across European stock markets

Modest reaction by bond and equity markets as Fed fails to deliver further easing

Modest reaction by bond and equity markets as Fed fails to deliver further easing

Fed statement highlights loss of economic momentum; market disappointed at no QE III

Fed statement highlights loss of economic momentum; market disappointed at no QE III

Wave of market optimism halts as German's dampen prospects for ESM banking license

Wave of market optimism halts as German's dampen prospects for ESM banking license

Business confidence survey results shows NZ economy remarkably resilient

Business confidence survey results shows NZ economy remarkably resilient

Weak Italian bond auction and dismal Eurozone confidence figures tempers demand for EUR

Weak Italian bond auction and dismal Eurozone confidence figures tempers demand for EUR

Backdrop of rapidly rising yields proved a challenge for the latest auction of NZ government bonds

Backdrop of rapidly rising yields proved a challenge for the latest auction of NZ government bonds

NZ$/US$ climbs above 81 cents as ECB and Fed expected to announce further quantitative easing

NZ$/US$ climbs above 81 cents as ECB and Fed expected to announce further quantitative easing

Yield on NZ Govt 10-year bonds at new lows on back of institutional buying

Yield on NZ Govt 10-year bonds at new lows on back of institutional buying

ECB to do whatever it takes to preserve the euro

ECB to do whatever it takes to preserve the euro

Comments from ECB helped calm a market exhausted with bad news

Comments from ECB helped calm a market exhausted with bad news

UK in doldrums; worst quarterly GDP result since 2009

UK in doldrums; worst quarterly GDP result since 2009

Ratings agency Moody’s downgrades outlook for Germany, Netherlands and Luxembourg on increased risk of EU break up.

Ratings agency Moody’s downgrades outlook for Germany, Netherlands and Luxembourg on increased risk of EU break up.

Issues in Spain go from bad to worse sending markets into a nosedive

Issues in Spain go from bad to worse sending markets into a nosedive

Spanish-German 10-year bond spreads rise to new highs of 610 bps

Spanish-German 10-year bond spreads rise to new highs of 610 bps

Spanish debt worries whip markets into a frenzy; NZ$/US$ trades below 80 cents

Spanish debt worries whip markets into a frenzy; NZ$/US$ trades below 80 cents

Heaps of grass has helped agriculture grow three times as fast as the overall economy. Doug Steel wonders if this may even understate how well the rural sector is doing, given how the numbers were analysed in 2007/08

Heaps of grass has helped agriculture grow three times as fast as the overall economy. Doug Steel wonders if this may even understate how well the rural sector is doing, given how the numbers were analysed in 2007/08

BNZ economist Craig Ebert says our housing market is over-valued by 25% because of artificially low interest rates and to ignore this imbalance 'would be irresponsible'

BNZ economist Craig Ebert says our housing market is over-valued by 25% because of artificially low interest rates and to ignore this imbalance 'would be irresponsible'

Spain successfully auctions almost €3bln of bonds, but at a price.

Spain successfully auctions almost €3bln of bonds, but at a price.

Widespread selling of EUR saw many of the majors notch up multi-year highs

Widespread selling of EUR saw many of the majors notch up multi-year highs

Bernanke focusing on negatives of US economy and the "unsustainable" fiscal situation

Bernanke focusing on negatives of US economy and the "unsustainable" fiscal situation

BoE minutes surprise as vote for extension of QE at last meeting was not unanimous

BoE minutes surprise as vote for extension of QE at last meeting was not unanimous

US bond yields rise as Bernanke reiterates Fed ready to take action if necessary

US bond yields rise as Bernanke reiterates Fed ready to take action if necessary

Punters scroll through Bernanke's testimony for hints of further QE

Punters scroll through Bernanke's testimony for hints of further QE

US 10-year yields fall to all time low of 1.44% on release of US retail sales data

US 10-year yields fall to all time low of 1.44% on release of US retail sales data