Business confidence continues to fall despite the medicine working

Business confidence continues to fall despite the medicine working
ANZ chief economist Sharon Zollner is optimistic the RBNZ will be able to cut the OCR earlier than its current forecast. (Image: Captured by Friday)
Tom Raynel
Business confidence is continuing to fall despite progress against inflation, according to the ANZ New Zealand Business Outlook for June 2024.Overall business confidence fell from +11.2 in May to +6.1 in June, a drop of 5.1 points.“The economy is clearly weak, as the RBNZ [Reserve Bank of NZ] intended, but more than that, we are finally seeing renewed meaningful progress on bringing inflation pressures down,” said ANZ chief economist Sharon Zollner.“There is still a long way to go, but we are optimistic that the RBNZ will be i...

More Finance

Investor visas a gold mine for private credit
Finance

Investor visas a gold mine for private credit

More than $55m committed for residency destined for credit funds which lend to NZ firms.

Aussie broker giant CBN enters NZ with Folio deal
Finance

Aussie broker giant CBN enters NZ with Folio deal

CBN is backed by ASX-listed Steadfast Group.

John Anthony 11 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025
Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025