Coronavirus to keep RBNZ watching and waiting

Mon, 10 Feb 2020

The unfolding coronavirus crisis may stop the Reserve Bank from shifting away from its easing bias, but economists don’t expect any change in the official cash rate on Wednesday.In a Reuters poll, all 12 economists expect the central bank's monetary policy committee to hold the OCR at a record low 1 percent.Most, however, had expected a more neutral stance against a backdrop of improving economic data, including rising house price inflation, solid jobs numbers, growing inflationary pressures and stronger-than-expected economic growth, as well a...

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Markets Market close

NZ sharemarket celebrates highest single-day rise in over five months

Graham Skellern 6:15pm

Politics

Media react to Melissa Lee sacking

The sector is keen to work with new minister Paul Goldsmith amid its financial crisis.

Daniel Dunkley 5:10pm

Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm