The market is pricing in another 25-basis point rate hike next week to 5.5%.
The company used stars like Rebel Wilson and Mel B to promote its products.
The quarterly monitor found a 2.7% per annum rise in activity.
New Zealand’s service sector went into contraction for the first time since February last year, according to BNZ-BusinessNZ’s Performance of Services Index (PSI).The PSI for April was 49.8, down four points from March and well below the long-term average of 53.6.A reading above 5...
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