Politics
Economy
RBNZ's Bascand says central bank 'can and will' do more if needed
The impact of three days of covid-19 restrictions isn’t “major” and won’t alter the central bank’s outlook but it will do more if necessary, Reserve Bank deputy governor Geoff Bascand has told BusinessDesk.“We can do more and we will do more if needed,” he said after the central...
Economy
Wood processors warn shutdown could close plants for good
Wood processors say plants will close for good if the government persists with its plan to shut non-food industries in the event the Auckland lockdown moves into level 4. Industry executives were alarmed yesterday when told that officials expected to apply the same essential a...
Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
(Updates to add comment from RBNZ governor and assistant governor) The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme to $100 billion and reiterated that negative interest rates and foreign assets pu...
Economy
RBNZ revs up the printing press, doesn't rule out negative rates
The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme to $100 billion and reiterated that negative interest rates and foreign assets purchases are still on the table. "Reflecting a possible need for fur...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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