Reserve Bank vigilant as NZ dollar dips to nine-month low

Reserve Bank vigilant as NZ dollar dips to nine-month low
(Image: Getty)
Rebecca Howard
The Reserve Bank of New Zealand is keeping a watchful eye on the kiwi dollar, which hit a fresh nine-month low this week. Paul Conway, chief economist at the Reserve Bank of NZ (RBNZ), told BusinessDesk: “It’s definitely something that we are mindful of going forward."The kiwi briefly touched US$0.58 (NZ$0.99) overnight Monday before moving back to just above US$0.59.The NZ dollar has lost 7% against the greenback since the beginning of 2023. This week’s move came on the back of rising treasury yields and more n...

More Economy

Employment confidence ticks up in December quarter
Economy

Employment confidence ticks up in December quarter

A further indicator of some stabilisation in the labour market. 

Business confidence stutters into 2025
Economy

Business confidence stutters into 2025

Nothing to stop a 50 point interest rate cut next month, says NZIER.

Pattrick Smellie 14 Jan 2025
Hospitality spending hit hardest in 2024
Retail

Hospitality spending hit hardest in 2024

Core retail spending grew at the slowest rate in five years.

Gregor Thompson 13 Jan 2025
Nearly 6,000 new roles filled in November, Stats NZ says
Economy

Nearly 6,000 new roles filled in November, Stats NZ says

The country added almost 6,000 jobs in November, and service industries fueled the increase.Stats New Zealand said on Monday that filled job numbers rose 0.3% compared to October.Primary industries provided 436 fewer jobs.Goods-producing industries, the biggest of which are manuf...

Staff reporters 13 Jan 2025