Economy
Explore the latest economy news by BusinessDesk
Markets tip 50% chance of 50bps cut after economy shrinks 0.2%
The data was better than feared.
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Fed's rate cut the signal other central banks wanted
Some central banks have lowered rates, others were waiting for the US.
The economy shrank less than expected in June quarter
The RBNZ had forecast a 0.5% contraction.
News in Brief
New Zealand’s current account deficit now $7.2 billion
The seasonally adjusted figure has risen by $269 million.
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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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