Subscribe today - find out more
Why you should consider BusinessDesk

Market Close: Kiwi flies on stonking inflation

Paul McBeth
Mon, 18 Oct 2021

The New Zealand dollar climbed about half a US cent after inflation data ratcheted up pressure on the Reserve Bank of NZ (RBNZ) to raise interest rates more aggressively.Economists expect the central bank will take its foot off the accelerator in an effort to rein in the 4.9% annual pace of inflation in the September quarter, with traders pricing in a 50% chance of the RBNZ hiking the official cash rate half a percentage point to 1% in November.“It was a stonkingly strong print,” said Imre Speizer, head of NZ strategy at Westpac. &l...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Bose QC45 are simply great headphones
Henry Burrell | Sat, 04 Dec 2021

They’re feature-light compared to some rivals, but top-end noise cancellation and supreme comfort make these headphones a fine buy. 

On the Money
On the Money: Greg Foran's golden words, Colin Neal, Chris Meehan, and more
Rebecca Stevenson | Sat, 04 Dec 2021

OTM this week: the value of a broken-down old shopkeeper, Colin Neal's next Move, Chris Meehan's real meaning of long-term, and more. 

Long live the broker, the broker is dead
Brian Gaynor | Sat, 04 Dec 2021

An increase in direct listings on the NZX is a welcome development, but they won’t gain any significant traction until brokers embrace them.

Creating a sustainable transport future today

TR Group assist businesses with the journey of de-carbonising heavy commercial fleet or the logistics around distributing products and services.

Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.