Markets fall on Fed's emergency rate cut

Markets fall on Fed's emergency rate cut
Rebecca Howard
Local shares are expected to fall after the US Federal Reserve cut rates by 50 basis points to shield its economy from the coronavirus and  G-7 finance ministers and central bank governors said they will use “all appropriate policy tools” to maintain sustainable growth. The Fed’s target range is now between 1 percent and 1.25 percent and Fed chair Jerome Powell said the move was in line with a global wave of central bank policy action. The G-7 statement "does reflect coordination at a high level,” he said.Yesterday, the Reserve Bank o...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025