NZD dips against Aussie after RBA holds the line

NZD dips against Aussie after RBA holds the line
(Image: RBNZ)
Rebecca Howard
The New Zealand dollar fell after the Reserve Bank of Australia kept rates on hold at 4.35% and reiterated it isn’t letting its guard down when it comes to inflation. The kiwi was trading at 91.11 Australian cents late Tuesday in Wellington versus 91.40 ahead of the announcement. “Data have reinforced the need to remain vigilant to upside risks to inflation, and the Board is not ruling anything in or out,” the Reserve Bank of Australia (RBA) said.There had been some speculation that the RBA might shift to a more dovi...

More Economy

Trump and Harris debate: what it means for NZ’s trade future
Economy

Trump and Harris debate: what it means for NZ’s trade future

Trump’s proposed tariffs would have a ‘disastrous effect on our trade’.

Rebecca Howard 11 Sep 2024
Interim solution for a GST issue
Economy

Interim solution for a GST issue

Inland Revenue can begin processing GST returns for businesses affected by a historic legislative drafting error, Revenue Minister Simon Watts says.“At a time when things are tough, this error is preventing Inland Revenue from paying out GST refunds to more than 350 taxpayers, to...

Staff reporters 10 Sep 2024
Long-term fiscal storms on the horizon
Economy

Cameron Bagrie: Long-term fiscal storms on the horizon

The number of retirees is rising at 3% per year, far more than population growth.

Cameron Bagrie 10 Sep 2024
NZD treading water after US jobs data gave no clear steer
Economy

NZD treading water after US jobs data gave no clear steer

The kiwi was trading at 61.79 US cents early Monday in Wellington.

Rebecca Howard 09 Sep 2024