RBNZ governor firmly dovish

RBNZ governor firmly dovish
Rebecca Howard
New Zealand’s reserve bank will not raise interest rates and could go negative, RBNZ governor Adrian Orr reiterated today. “We have no intention of raising interest rates. Our task now and for the foreseeable future is get them down, keep them down,” he told the AM Show.  “The game here is monetary policy stimulus, without doubt,” he added. He reiterated that the bank has committed to keeping the official cash rate at 0.25 percent for at least 12 months and he didn’t rule out negative interest rates. "We’ve been saying to banks. Get...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024