A war of words has erupted between National and the Government over the falling value of the Kiwi dollar, Thomas Coughlan reports.
The Reserve Bank issued a dramatic monetary policy statement on Thursday, signalling it had accepted the economy had slowed, but some banks don’t believe the bluster, Thomas Coughlan reports
The Reserve Bank has modelled a scenario in which it cuts the Official Cash Rate by 100 points if GDP growth stays below three percent over 2019.
Unemployment ticked slightly up in the June 2018 quarter, ending five quarters of consecutive falls and defying market expectation. Thomas Coughlan reports.
New Zealanders see an affordable house price as being almost $200,000 cheaper than a KiwiBuild house in Auckland. China wants New Zealand to correct its "wrong statements" about China's activities in the Pacific. The economy continues to show signs of cooling ahead of key inflation figures next week.
There is a new broom at the head of New Zealand's central bank, and he's planning to shift the mindset of the institution towards better embracing the rich cultural diversity of the country.
Business confidence fell to a five year low as winter began and it wasn't just because managers were politically biased. Bernard Hickey argues it's time the Government reacted to this cooling with a debt-funded construction stimulus and interest rate cuts.
In the political economy this week, business confidence fell, China was forced to ease policy to boost its cooling economy, the New Zealand dollar hit a two year low, the Government eased migration policy, the Reserve Bank should have adopted an easing bias and Winston Peters suggested a housing affordability target that would either require house prices to halve or workers in Auckland to wait 100 years for their living wages to catch up.
Reserve Bank governor Adrian Orr kept the benchmark interest rate on hold as widely expected but continued to leave the door open for a possible cut as downside risks increase.
On the move in the New Zealand political economy this week: