Business confidence best since October 2017

Business confidence best since October 2017
Rebecca Howard
Business confidence continued to improve in December, hitting the highest level since October 2017 when the current government took office.A net 13 percent of 380 respondents to the ANZ business outlook survey expect worse times ahead, an improvement from the net 26 percent in the prior survey.A net 17 percent anticipate an improvement for their own businesses in the coming year, the highest reading since April 2018, and an increase from 13 percent in the November survey.Electoral bluesBusiness confidence took a tumble after the current Labour-...

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Updated: RBNZ turns more dovish
Economy

Updated: RBNZ turns more dovish

The latest forecast imply two more rate cuts to come. 

RBNZ cuts to 3%, sees cash rate reaching 2.5%
Economy

RBNZ cuts to 3%, sees cash rate reaching 2.5%

RBNZ cuts by 25bps but thought about 50bps. 

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility
Economy

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility

The Government has kept its AA+ credit rating from Fitch, one of the big three ratings agencies – but the agency warned that a slackening culture of fiscal responsibility, a more severe housing market correction, or an unemployment spike could see the rating reduced in future.The...

Staff reporters 18 Aug 2025