NZ dollar extends decline as investors see RBNZ dialing back rate hike outlook
By Rebecca Howard Aug. 3 (BusinessDesk) - The New Zealand dollar fell to a nine-day low on growing expectations that the central bank will shift to an even more neutral stance at next Thursday's policy review and signal interest rates will be on hold for longer. The kiwi t...
Auckland house prices ease and number of sales declines, Barfoot says
By Rebecca Howard Aug. 3 (BusinessDesk) - Auckland's average house price eased in July from June and the number of sales also declined, said realtor Barfoot & Thompson. There were 747 sales in July, down from 855 in June and 1,034 in the same month a year ago, the realtor s...
NZ dollar falls as weak jobs data stokes view interest rates won't rise
By Rebecca Howard Aug. 2 (BusinessDesk) - The New Zealand dollar fell after weaker-than-expected employment in the second quarter added to the view the central bank will keep interest rates firmly on hold for longer. The kiwi was trading at 74.28 US cents at 5pm versus 74....
RBNZ aims to simplify prudential regulation, shore up supervisory activities
By Rebecca Howard Aug. 2 (BusinessDesk) - The Reserve Bank of New Zealand aims to improve the effectiveness of its prudential regulation by simplifying its regulations and by shoring up its supervisory activities, deputy governor Grant Spencer said in a speech. "We must mai...
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