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NZ dollar heads for 2.1% weekly gain, propped up by uncertainty over RBNZ review
By Paul McBeth Dec. 4 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent gain this week as uncertainty over whether the Reserve Bank will cut rates next week provides support for the local currency. The kiwi rose to 66.84 US cents at 5pm in Wellington fro...
MARKET CLOSE: NZ shares fall as ECB weighs on market; Meridian, Westpac, Spark drop
By Sophie Boot Dec. 4 (BusinessDesk) - Dec. 4 (BusinessDesk) - New Zealand shares fell after the European Central Bank disappointed some investors who were expecting a bigger stimulus package, trimming the lure of stocks offering higher yields. Blue-chip stocks Meridian Energy...
Lack of inflation, higher kiwi suggest RBNZ rate cut next week, may be low point of cycle
Dec. 4 (BusinessDesk) - The Reserve Bank will likely lower the official cash rate to 2.5 percent next week, and may signal the end of the current easing cycle, because inflation is weaker than expected, the kiwi dollar is higher, and the central bank envisaged one further reducti...
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