RBNZ rate-cut off the cards; coronavirus impact short

RBNZ rate-cut off the cards; coronavirus impact short
Rebecca Howard
The Reserve Bank kept the official cash rate at 1 percent as widely expected, but stripped out any chance of another cut and said it expects the impact of the coronavirus to be relatively short lived.The New Zealand dollar jumped after the statement and recently traded at 64.45 US cents versus 64.07 cents just prior.“We assume the overall economic impact of the coronavirus outbreak in New Zealand will be of a short duration, with most of the impacts in the first half of 2020,” the monetary policy committee said in a statement.Economists had exp...

More Economy

We need to unlock a 'Go' economy
Economy

Cameron Bagrie: We need to unlock a 'Go' economy

New Zealand is no longer a high-income OECD economy.

NZ as a financial services centre
Finance

Henry Brandts-Giesen: NZ as a financial services centre

A John Key era idea that didn't fly then should be reconsidered now.

Beyond Wilson Parking: strategy and foreign investment
Economy

Beyond Wilson Parking: strategy and foreign investment

Natasha Hamilton-Hart says we need more than a one-stop shop for foreign investors.

Budget 2025 to be delivered May 22
Economy

Budget 2025 to be delivered May 22

Finance Minister Nicola Willis has announced Budget 2025 will be delivered on Thursday, May 22. “The Government intends to introduce several legislative and regulatory measures at the Budget focused on removing barriers that hold back job and wealth creation for New Zealanders,”...

Rebecca Howard 29 Jan 2025