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NZ government agrees to fund two thirds of rebuilding Christchurch key projects, infrastructure
By Tina Morrison June 27 (BusinessDesk) – New Zealand’s government has agreed to fund two thirds of the cost to rebuild Christchurch key public buildings, precincts and essential infrastructure such as water pipes and roads damaged by the 2010-11 earthquakes, with the city counc...
Higher interest rates not the right answer for housing bubble, RBNZ’s Spencer says
By Paul McBeth June 27 (BusinessDesk) - The Reserve Bank says raising interest rates now isn’t the right policy response to an overheated housing market and the bank considers restricting low equity home loans as offering the “greatest potential” to curb demand. Deputy govern...
NZ trade surplus smaller than expected in May as crude oil, meat exports fall
June 27 (BusinessDesk) – New Zealand recorded a smaller-than-expected trade surplus last month as exports including crude oil and meat missed estimates, offset by a drop in imports. The trade surplus was $71 million in May, for an annual deficit of $869 million, according to Sta...
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