Soft NZ inflation puts acid on RBNZ to cut rates this year
By Paul McBeth Jan. 20 (BusinessDesk) - The lowest annual increase in inflation for 16 years will heap pressure on the Reserve Bank to rethink its stance on interest rates this year as markets start betting on a cut, with one bank economist calling today's inflation undershoot...
NZ consumer prices rise at slowest annual pace since 1999 on cheap petrol; kiwi drops
By Paul McBeth Jan. 20 (BusinessDesk) - New Zealand consumer prices rose at their slowest annual pace since 1999 in the December quarter as cheap petrol pushed inflation below the Reserve Bank's expectations, and opens the door for more interest rate cuts this year. The New Ze...
NZ dollar falls as Chinese growth misses forecast
By Paul McBeth Jan. 19 (BusinessDesk) - The New Zealand dollar fell as China's economic growth came in below expectations, weighing on the Australasian currencies due to their trade exposure to the world's second biggest economy. The kiwi dipped to 64.34 US cents from 64.4...
New docs show why agencies abandoned Hubbard investors' interest claims
By Paul McBeth Jan. 19 (BusinessDesk) - Former investors in Allan Hubbard's Aorangi Securities and Hubbard Management Funds will have to chase the deceased Timaru businessman's estate if they want to pursue as much as five years of unpaid interest after the entities' statutory...
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