Swap rates fall as tepid NZ inflation cools case for rate hike

Tue, 17 Jul 2012

By Paul McBeth July 17 (BusinessDesk) - The New Zealand dollar and swap rates fell as the nation's tepid inflation figures may push out the timing of future interest rate hikes as household demand remains weak. The two-year swap rate fell 3.3 basis points to a month-low 2.58 percent and the kiwi dollar declined to 79.64 US cents from 79.74 cents after government figures showed the consumers price index increased 0.3 percent in the three months ended June 30. That was lower than the 0.5 percent pace forecast by a Reuters survey of economist...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Monday, June 27, 2022
The Quizmaster | Mon, 27 Jun 2022

Don't forget to give our daily quiz a go. Good luck!

Infrastructure
Six year wait for three waters reforms far too long, says Scottish expert
Pattrick Smellie | Mon, 27 Jun 2022

The three waters reform will not prove its worth as quickly as it could if economic regulation is delayed until 2030, says the head of the water regulator for Scotland, the template for NZ's reforms.

Markets
Fletcher wowed analysts at last week’s investor day
Jenny Ruth | Mon, 27 Jun 2022

All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.