NZ dollar gains as Greek austerity stokes market optimism

Article – BusinessDesk

Feb. 14 (BusinessDesk) – The New Zealand dollar rose after the Greek Parliament approved a series of budget cuts, increasing investor optimism and boosting their demand for risk-sensitive assets. Read more »

Bollard may give upbeat assessment in Friday speech: BNZ

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Reserve Bank of New Zealand Governor Allan Bollard may give an upbeat view of the economy this week in a speech to a Trans-Tasman Business Circle luncheon titled, “Could We Be Better off than We Think?” Read more »

New Zealand’s modest recovery continues, says HSBC

Press Release – HSBC Bank

Commodity exports to Asia and the post-earthquake reconstruction will drive growth in 2012 and beyond At the same time, household deleveraging and the unwinding fiscal deficit will continue to keep the recovery modest Very low … Read more »

New Zealand banks go from strength to strength

Press Release – PricewaterhouseCoopers

Embargoed until Friday 10 February 2012 at 05:00am News Release New Zealand banks go from strength to strength despite global market uncertainties New Zealand’s five major banks (ANZ National, ASB, Bank of New Zealand, Kiwibank and Westpac) have … Read more »

NZ Dollar holds near 5-month high as Greece cuts debt deal

Article – BusinessDesk

Feb. 10 (BusinessDesk) – The New Zealand dollar held-near a five-month high against the greenback as Greek leaders finally agreed on policy reform and austerity measures needed to secure a new rescue package and avoid defaulting on its debt repayments. Read more »

NZ dollar falls vs euro amid speculation of Greek deal

Article – BusinessDesk

Feb. 8 (BusinessDesk) – The New Zealand dollar dipped below 63 euro cents for the first time in more than a week amid speculation Greek officials and private creditors are preparing the final draft of a budget and structural measures needed to free … Read more »

UPDATED: RBA surprises by holding interest rates steady

Article – BusinessDesk

Feb. 7 (BusinessDesk) – Contrary to widespread expectations of an interest rate cut, the Reserve Bank of Australia has held rates steady. Read more »

RBA surprises by holding interest rates steady

Article – BusinessDesk

Feb. 7 (BusinessDesk) – Contrary to widespread expectations of an interest rate cut, the Reserve Bank of Australia has held rates steady. Read more »

NZ Treasury flags heightened risk from European debt crisis

Article – BusinessDesk

Feb. 7 (BusinessDesk) – The Treasury says the European debt crisis has heightened risks to New Zealand and its trading partners, though the situation isn’t as bad as the worst-case scenario painted in its pre-election fiscal and economic update … Read more »

World Week Ahead: Policy makers centre stage

Article – BusinessDesk

Feb. 6 (BusinessDesk) – After a stunning end to last week with a US jobs report that surpassed everyone’s forecasts, it’s hard to remain gloomy as the strong start of 2012 has taken many investors and analysts by surprise. Wall Street posted yet another … Read more »

Monetary policy matters

Press Release – NZ Manufacturers and Exporters Association

A change in the Reserve Bank Governor provides an ideal catalyst to change the Policy Targets Agreement between the Reserve Bank and the Government, say the New Zealand Manufacturers and Exporters Association (NZMEA). Read more »

Christmas Tills Ring with 101 Million Retail Transactions

Press Release – Mastercard

December has always been a big month for shopping, but this festive season consumers delivered a firm and positive message about how they like to pay. After chalking up steady annual growth for the last decade, electronic card transactions (ECT) in … Read more »

New Zealand Bankers’ Association welcomes Co-operative Bank

Press Release – NZ Bankers’ Association

The Co-operative Bank has joined the New Zealand Bankers’ Association bringing the total number of member banks to 13. Read more »

Libz Propose Winding Down Reserve Bank

Press Release – Libertarianz Party

The Libertarianz Party is asking John Key to consider postponing and possibly cancelling any replacement for retiring Reserve Bank Governor Alan Bollard, who has announced he is stepping down in September. Read more »

Building on a deflationary spiral

Press Release – New Zealand Labour Party

Building on a deflationary spiral Figures out today showing building consents are at their lowest since records began in 1965 are another example of this Government’s unambitious economic ‘management’, Labour’s Economic Development spokesperson … Read more »

Reserve Bank Governor not seeking another term

Press Release – Reserve Bank

Reserve Bank Governor not seeking another term Reserve Bank Governor Alan Bollard today announced he will not be seeking another term as Governor when his current term ends on 25 September this year. Appointed in September 2002, Dr Bollard is in … Read more »

Bollard won’t seek a third term at Reserve Bank of NZ

Article – BusinessDesk

Jan. 30 (BusinessDesk) – Reserve Bank Governor Alan Bollard says he won’t seek a third term heading up New Zealand’s central bank. Read more »

NZ dollar holds near 3mth high on trade surplus; Bollard

Article – BusinessDesk

Jan. 27 (BusinessDesk) – The New Zealand dollar held near a fresh three-month high in local trading against the greenback after data showed the nation unexpectedly posted its first trade surplus in five months and Reserve Bank Governor Alan Bollard … Read more »

RBNZ Governor Bollard reported to be stepping down in Sept

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Reserve Bank of New Zealand Governor Alan Bollard is reported to be planning to step down when his term ends in September, according to the National Business Review. Read more »

NZ has capacity to weather shocks

Press Release – Reserve Bank

The European sovereign debt crisis and Canterbury earthquakes were two bad jolts to the New Zealand economy in 2011, but the economy and financial system have the capacity to weather such shocks, Reserve Bank Governor Alan Bollard said today. Read more »

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