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

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025