Coronavirus to keep RBNZ watching and waiting

Coronavirus to keep RBNZ watching and waiting
Rebecca Howard
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...

More Economy

Inflation expectations ticking up in RBNZ survey
Economy

Inflation expectations ticking up in RBNZ survey

One-year-ahead inflation expectations rose to 2.41% from 2.15%. 

Rebecca Howard 16 May 2025
NZ affected as Microsoft cuts up to 6,000 jobs
Economy

NZ affected as Microsoft cuts up to 6,000 jobs

Microsoft's NZ employees are caught up in a global restructure some have linked to AI.

Dileepa Fonseka 15 May 2025
Calder Stewart pitches 200ha Otago freight hub and inland port
Economy

Calder Stewart pitches 200ha Otago freight hub and inland port

The family-owned firm is up against another inland port proposal in Mosgiel.

Oliver Lewis 14 May 2025
How to slash 1% of national emissions in one go
Economy

How to slash 1% of national emissions in one go

NZ Steel is on track to commission its $300m electric furnace from December.

Oliver Lewis 14 May 2025