Fitch affirms NZ's rating, not expecting negative rate

Fitch affirms NZ's rating, not expecting negative rate
Rebecca Howard
Fitch Ratings affirmed New Zealand's local currency rating at AA+ with a stable outlook and its foreign currency rating at AA with a positive outlook.“The positive outlook reflects our confidence that buffers will be rebuilt over the medium-term based on NZ's record of prudent fiscal management and prospects for economic recovery,” the ratings company said.It noted that NZ's effective suppression of covid-19 and the macro-policy response has facilitated a V-shaped recovery, with economic growth back at pre-pandemic level...

More Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold
Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold

Wharekirauponga Underground is one of the Government's fast-track projects.

Greg Hurrell 12 Dec 2024
Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday