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NZ dollar heads for 1.1% weekly decline as investors bet on dovish RBNZ
By Rebecca Howard Aug. 4 (BusinessDesk) - The New Zealand dollar is headed for a 1.1 percent weekly decline as investors increasingly expect the central bank to dial back its forecasts to show interest rates on hold for even longer at next week's policy review. The kiwi wa...
A&G Price owed $5.2 mln as cash flow woes sink engineering firm
By Sophie Boot Aug. 4 (BusinessDesk) - A&G Price, the Thames engineering company which went into liquidation last week, owed $5.2 million to its creditors, the liquidator's first report says. The company had been operating in Thames for nearly 150 years, but recently suffer...
RBNZ may dial back forecasts to show rates on hold for longer, could even signal a cut
By Rebecca Howard Aug. 4 (BusinessDesk) - Not only do economists expect the central bank to keep rates on hold next Thursday but some say it will delay any forecast hikes and could even signal a possible rate cut. All 11 economists polled by Bloomberg expect the central b...
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