Economists agree the risk of a New Zealand rate cut is real but most don’t actually expect it to happen.
A war of words has erupted between National and the Government over the falling value of the Kiwi dollar, Thomas Coughlan reports.
The lower New Zealand dollar is good for exporters and a sign the economy is heading in a more productive direction, says Prime Minister Jacinda Ardern.
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.
Annual inflation is still running low at 1.5 percent, according to CPI data released by Statistics NZ this morning.
Weak levels of inflation expected to be revealed in new data are an indication of missed economic growth, an economist says. Thomas Coughlan reports.
Technology columnist Richard MacManus challenges the talk of a cashless society within a decade. He calls BS on the BIS and argues any disruption will involve cryptocurrencies and blockchain.
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.
* *Grant Robertson has blamed weak business confidence on political prejudice. Thomas Coughlan reports.