RBNZ's Spencer calls for permanent macro-prudential framework
By Rebecca Howard March 13 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the government should consider a permanent structure for macro-prudential tools, which he attributes as helping the regulator meet its policy objectives. There are currently four in...
NZ food prices fall 0.5% in February on cheaper beef and chicken
By Rebecca Howard March 13 (BusinessDesk) - New Zealand food prices fell 0.5 percent in February on cheaper beef, chicken and grocery food prices. Beef prices fell 4.4 percent versus January, while chicken prices fell 3.4 percent, Statistics New Zealand said. The average...
Meridian gets silver lining from February's ex-cyclones with rain dump in hydro lakes
By Rebecca Howard March 13 (BusinessDesk) - Meridian Energy saw hydro storage increase last month as tropical storms brought heavy rainfalls, ending a protracted dry spell for the renewable electricity generator and retailer. Wellington-based Meridian said South Island stor...
NZ dollar climbs to 2-week high after tepid US wages growth
By Rebecca Howard March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. The kiwi clim...
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