Bounce stalling?

Staff reporters
Thu, 30 Jul 2020

The economy’s vigorous bounce out of lockdown appears to be topping out, with most activity indicators in the ANZ Business Outlook slipping slightly from their early-July preliminary reading, said chief economist Sharon Zollner. They are still up on June. “Bounces are fun, but this one has probably nearly run its course,” she said. A net 9 percent of firms expect weaker activity for their own businesses, well up on June’s -26 percent but “the improvement has stalled,” Zollner said. She noted that 7...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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