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Economists now beating drums for August rate hike

Rebecca Howard
Wed, 14 Jul 2021

ANZ is now forecasting a 25-basis point rate hike in August. (Image: Deposit Photos)
Rebecca Howard
Wed, 14 Jul 2021
Today’s central bank statement has been widely viewed as hawkish with some economists now saying the first rate hike will come in August.The Reserve Bank of NZ left interest rates on hold at 0.25% but will halt its large scale asset purchase programme by July 23.“The committee noted that medium-term inflation and employment would likely remain below its remit objectives in the absence of some ongoing monetary support,” the monetary policy committee said.The central bank is mandated to keep inflation between 1% and 3%, focusing...

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Wake Up Call: Covid testing for the Auckland border
Staff reporters | Fri, 17 Sep 2021

 Sites have been set up near border crossings for workers to pick up and drop off saliva tests.

Bar owner borrowed $30k to cover wage subsidy delays
Michael Andrew | Fri, 17 Sep 2021

Shaneel Sudhakar faced a 22-day delay in payment of the wage subsidy.

Bridgecorp’s death knell a timely warning
Paul McBeth | Fri, 17 Sep 2021

A new generation of investors would do well to wander through the corporate graveyard of yesteryear.

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Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.