Economy
Explore the latest economy news by BusinessDesk
News in Brief
Unemployment rose to 4.6% in the June quarter
The job market deteriorated in the June quarter, with unemployment rising to 4.6%.That’s up from the 4.3% rate in the March quarter and in line with the Reserve Bank of New Zealand’s (RBNZ) forecast of 4.6%.Almost half the annual growth in unemployment and under-utilisation came...
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Markets
NZD dips against Aussie after RBA holds the line
The kiwi was trading at 91.11 Australian cents late Tuesday in Wellington.
August rate cut on the cards
Markets have fully priced a cut on Aug 14.
Markets
A dovish RBA will give the NZ dollar a leg up
The RBA is expected to stay on hold but could temper its language.
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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