OECD says NZ's living standards framework positive but has gaps
By Rebecca Howard June 25 (BusinessDesk) - Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. "The concepts...
NZ dollar extends gain on US rate-cut expectations
By Rebecca Howard June 25 (BusinessDesk) - The New Zealand dollar firmed against the greenback as markets continue to expect the US Federal Reserve to cut interest rates. The kiwi was trading at 66.16 at 8am versus 65.98 US cents at 5pm in Wellington. The trade-weighted i...
NZ dollar higher after Lowe comments viewed as less dovish
By Rebecca Howard June 24 (BusinessDesk) - The New Zealand dollar gained against the greenback, tracking its Australian counterpart after comments from Reserve Bank of Australian governor Philip Lowe called into question further easing across the Tasman. The kiwi was tradin...
RBNZ seen keeping rates on hold but signalling more cuts to come
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank of New Zealand is expected to keep rates on hold at Wednesday’s review but will signal further cuts are possible. All 20 economists surveyed by Bloomberg expect the official cash rate to stay at 1.5 percent but 11...
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