Finance

Meet the millennial margin traders. By Dan Brunskill

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PMI eases despite lifting of covid restrictions

Staff reporters
Fri, 13 Nov 2020

The BNZ-BusinessNZ Performance of Manufacturing Index eased to 51.7 in October from 54 in September.   While it remained above the 50 mark, indicating growth, the October reading "serves as a gentle reminder of not getting too carried away with the sense of recovery, even if the worst of covid’s impacts can be assumed to be behind us,” senior economist Craig Ebert said.A raft of better-than-expected data led the central bank this week to indicate it might not need to pump as much stimulus into the economy as it had an...

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Finance
Orr says RBNZ already considers house prices
Jenny Ruth | Tue, 24 Nov 2020

Government concern over galloping house price inflation burst into the open today, but Reserve Bank governor Adrian Orr insists he already takes house prices into account and ultra-low interest rates are important for the covid-19 economic recovery.

Economy
Opposition backs Robertson, claims credit for idea
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A conversation on housing between the RBNZ and the government has widespread political support.

Finance
Tower to get $42.1m EQC settlement
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Insurer says net profit will be impacted by about $9.5 million from write off.

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