MARKET OPEN: Covid recovery hangs over market

MARKET OPEN: Covid recovery hangs over market
Paul McBeth
Investors will be keenly watching a major speech from Prime Minister Jacinda Ardern today on the next steps in New Zealand’s response to the covid-19 pandemic and subsequent recovery. Investor sentiment has been waxing and waning on how big an impact the pandemic will have on the global economy, rallying on positive drug trials one day, only to reverse those gains the next on fears that renewed lockdowns will stifle growth. NZ has been one of the international stand-outs in stamping out the virus, and currently has it contained in isolati...

More Economy

Orr signals another 50bp cut in Feb
Economy

Orr signals another 50bp cut in Feb

RBNZ's governor commented after being told the MPS was more hawkish than expected.

RBNZ cuts by 50bps to 4.25%
Economy

RBNZ cuts by 50bps to 4.25%

The decision was widely expected. 

Rebecca Howard 27 Nov 2024
Weak NZD ahead as rate cuts loom
Economy

Cameron Bagrie: Weak NZD ahead as rate cuts loom

This week's expected rate cut will further underpin a weaker-for-longer NZ dollar.

Cameron Bagrie 26 Nov 2024