The Wall Street Journal

RBA elected not to fine-tune rates at policy meeting

RBA elected not to fine-tune rates at policy meeting
(Image: NZME)
The Wall Street Journal
By James GlynnThe Reserve Bank of Australia has warned that risks around the inflation outlook have risen, while uncertainty around the economy’s trajectory more broadly remains highly elevated.Minutes of the central bank’s May 6 to May 7 policy meeting showed that while it said there were increased risks that inflation will stay higher for longer than expected, the policy-setting board decided to keep interest rates on hold to avoid “excessive fine-tuning” of policy settings.The central bank left the official cash rate...

More Economy

Our first Minister for Manufacturing just wants to get ‘stuff’ done
Economy

Our first Minister for Manufacturing just wants to get ‘stuff’ done

Will manufacturers get what they really, really want?

Jem Traylen 24 Jun 2024
Little reason to celebrate GDP data
Economy

Little reason to celebrate GDP data

NZ is no longer technically in a recession but quarter-on-quarter growth was only 0.2%.

Kaya Selby 20 Jun 2024
NZ economy grows a tad in March quarter
Economy

NZ economy grows a tad in March quarter

The GDP lifted 0.2% in March quarter. 

Staff reporters 20 Jun 2024
Current account deficit narrows
Economy

Current account deficit narrows

At 6.8% of GDP, the deficit was larger than the Reserve Bank and Treasury predicted.

Murray Jones 19 Jun 2024