PM warns slowing global growth will weigh on New Zealand's economy
By Rebecca Howard Feb. 8 (BusinessDesk) - Prime Minister Jacinda Ardern said New Zealand's economy remains "relatively strong" but warned that slowing global growth will have an impact. "We have strong fundamentals and are well prepared, but we need to be realistic that if...
NZ 2-year swap falls to record low as traders increase bets on rate cut
By Rebecca Howard Feb. 7 (BusinessDesk) - New Zealand's two-year swap rate fell to a historic low after weaker-than-expected jobs numbers spurred investors to price in a greater chance of a rate cut. The two-year swap fell as low as 1.7980 percent and recently traded at 1.8...
UPDATE: Weaker than expected jobs data in 4Q raises rate cut prospects
(Updates throughout with market pricing, economist comment) By Rebecca Howard Feb. 7 (BusinessDesk) - Fewer people had jobs in the December quarter and wage inflation remained tepid, something that could increase the likelihood of a rate cut in New Zealand. The seasonal...
Weaker than expected jobs data in December raises rate cut prospects
By Rebecca Howard Feb. 7 (BusinessDesk) - Fewer people had jobs in the December quarter and wage inflation remained tepid, something that could increase the likelihood of a rate cut in New Zealand. The seasonally adjusted unemployment rate rose to 4.3 percent in the three...
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