Inflation versus recession: who'd want to be a central bank?

Inflation versus recession: who'd want to be a central bank?
Dire business confidence may weigh on the Reserve Bank. (Image: NZME)
Rebecca Howard
Business confidence data points to ongoing inflationary pressure and will keep the fires burning for a 75-basis point rate hike next month, but not everyone thinks that’s the right thing to do.  Confidence levels hit their weakest level since 1970 in the December quarter, but inflation indicators have intensified, the latest New Zealand Institute of Economic Research (NZIER) business outlook survey showed. “A greater proportion of firms reported cost increases and a greater proportion are also raising prices. This suggests...

More Economy

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

Liquidated Sustainable Foods owed Kānoa $1.4m
Economy

Liquidated Sustainable Foods owed Kānoa $1.4m

Sustainable Foods joins the list of failed Kānoa-backed ventures.

Gregor Thompson 09 Dec 2024
Value of commercial property sales lowest in a decade
Economy

Value of commercial property sales lowest in a decade

The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says.The number of commercial property transactions has also fallen, with the value of sales dropping bel...

Maria Slade 09 Dec 2024