Coronavirus outbreak spooks investors, has officials on alert

Coronavirus outbreak spooks investors, has officials on alert
Dan Brunskill
The Ministry of Health has told border authorities not to impose travel restrictions in response to the outbreak of a new respiratory disease in China, but is watching the situation which has spooked investors across the globe.Director of public health Caroline McElnay said the ministry is currently not recommending local airports screen passengers, despite some countries using thermal screening to detect individuals with fever at the border.“At this stage, person-to-person transmission seems limited,” she said in a statement. “However, this ne...

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Updated: RBNZ turns more dovish
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Rebecca Howard 20 Aug 2025
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RBNZ cuts to 3%, sees cash rate reaching 2.5%

RBNZ cuts by 25bps but thought about 50bps. 

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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