The RBNZ can keep ticking its employment mandate box

The RBNZ can keep ticking its employment mandate box
Rebecca Howard
The Reserve Bank can give its employment mandate a tick with wage growth at a fresh 10-year high and lower-than-expected jobless rate in the December quarter.The central bank is due to make its first rate decision of the year on Feb. 12. It has two tasks on the monetary policy front: to support maximum sustainable employment and keep annual consumer price inflation between 1-3 percent over the medium term, with a focus on the mid-point of 2 percent.It was already expected to keep the official cash rate unchanged at a record low 1 percent after...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

Rebecca Howard 08 Jul 2024
RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Rebecca Howard 08 Jul 2024
Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024