Economy
Explore the latest economy news by BusinessDesk
Markets
No negative rate for RBNZ, bond buying hiked to $60b
The Reserve Bank has ruled out a negative cash rate for now – but it will buy up to $60 billion of government bonds.The central bank's monetary policy committee held the official cash rate at 0.25 percent today and said the current goal of monetary policy tools was to reduce...
Economy sponsored by
Worldline
Worldline is NZ’s most experienced paytech, revolutionising how kiwis pay instore, online and with mobile payment solutions.
Finance
CBA provides A$1.5b for covid-19-related losses
Commonwealth Bank of Australia has provided A$1.5 billion against potential losses relating to the covid-19 crisis. That's just below Westpac's A$1.6 billion provisions and considerably higher than National Australia Bank's A$807 million and ANZ Bank's A$1.03 billion. CBA d...
Coronavirus
BUDGET 2020: 'Jobs budget' about investing, not cutting costs - PM
Budget 2020 is the first step in New Zealand’s rebuilding phase and it is all about investment, not cutbacks, said Prime Minister Jacinda Ardern in a pre-budget speech. “The first thing you will notice is that we believe when times are hard, you don’t cut – you invest,” she sa...
Markets
More govt bonds won't crowd out corporates if RBNZ steps up
A flood of new government bonds to pay for the covid-19 rescue mission isn't expected to crowd out corporate issuers seeking to tap debt markets provided the Reserve Bank keeps buying the Crown's notes. But whether firms have the appetite to hit up the market is less clear gi...
.jpg)
.png)
.jpg)
.JPG)
Prev
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.
Followers will be emailed
articles by Pattrick