'Violent' overnight jump in swap rates, Kiwi dollar high

Thu, 12 Nov 2020

The New Zealand dollar pushed higher after the central bank indicated the economy was stronger than expected and required less stimulus, sharply reducing the likelihood of negative interest rates. The move led to a violent sell-off in the overnight index swap market, with momentum growing as economists rolled out changed official cash rate calls, including the BNZ, said BNZ senior strategist Jason Wong. The kiwi was trading at 68.80 US cents at 8am in Wellington versus 68.90 US cents at 5pm yesterday.“The market decided it...

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Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

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