RBNZ confident in upbeat growth outlook

Thu, 13 Feb 2020

The Reserve Bank knows it’s more upbeat on growth than market economists but says New Zealand’s current conditions back up its view.Yesterday, the central bank put the kibosh on any idea that it might cut rates further and said annual growth is expected to accelerate to a 3.1 percent pace in the December 2020 quarter.The Reserve Bank said it sees limited economic impact from the unfolding coronavirus outbreak in the early part of the year and that there would be a strong bounce-back in the second half.“We fully understand that’s on the optimist...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Investor days to test gentailer plans for new build and firming

Investors want answers on build delays, capital plans and Huntly’s future.

Ian Llewellyn 12:10pm

Economy

Argosy delivers strong first-half results

Earnings and net tangible asset value per share up.

Andy Macdonald 11:55am

Argosy delivers strong first-half results

Economy

Asset Plus' first-half profit lower as Munroe Lane in focus

First-half net tangible assets per share down on the year.

Andy Macdonald 10:13am

Asset Plus' first-half profit lower as Munroe Lane in focus

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Economy

Economy

Argosy delivers strong first-half results

Earnings and net tangible asset value per share up.

Andy Macdonald 11:55am

Economy

Asset Plus' first-half profit lower as Munroe Lane in focus

First-half net tangible assets per share down on the year.

Andy Macdonald 10:13am

Economy

No obstacles to RBNZ rate cut next week

The RBNZ is expected to cut the OCR to 2.25% and leave the door open for more.

Rebecca Howard 18 Nov 2025

Economy

Food prices lift 4.7% in 12 months to October

Food prices increased by 4.7% in the 12 months to October, although they fell for the second consecutive month, down 0.3% due to lower vegetable prices.Higher prices for the grocery food group were the largest contributor, up 4.9% on an annual basis, while meat, poultry and fish...

Staff reporters 17 Nov 2025

RBNZ confident in upbeat growth outlook

More Economy

Your company has a subscription

Team