Press Release – Reserve Bank

NEWS RELEASE Date 26 April 2012 OCR unchanged at 2.5 percent The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Inflation is restrained and is expected to stay near the middle … Read more »

Article – BusinessDesk

April 24 (BusinessDesk) – New Zealand banks are facing substantial extra costs as the local central bank pursues different, sometimes tougher regulations than are being imposed in other countries following the global financial crisis. Read more »

Article – BusinessDesk

April 24 (BusinessDesk) – Australian inflation was slower than expected in the first quarter, opening the door for the central bank to cut interest rates starting next week and driving down its currency versus the greenback and the kiwi dollar. Read more »

Press Release – First Union

Media Release: FIRST Union Tuesday April 24, 2012 Bank profits back over $3 billion while economy stagnates Combined bank after-tax profits soared to $3.3 billion last year, a figure that FIRST Union Finance Secretary Andrew Casidy describes as problematic … Read more »

Press Release – New Zealand Bankers’ Association

Survey finds NZ banks well placed for challenges ahead The New Zealand Bankers’ Association today welcomed KPMG’s annual Financial Institutions Performance Survey ( FIPS ) In its 25th year, the 2011 survey shows New Zealand has a strong, stable … Read more »

Article – BusinessDesk

April 24 (BusinessDesk) – The New Zealand dollar fell after weaker euro-zone manufacturing and services data and a collapse in Dutch budget talks sapped investors’ risk appetite. Stocks fell in Europe and the US. Read more »

Article – Businesswire

April 24 (BusinessDesk) – The Reserve Bank of New Zealand should keep the official cash rate unchanged at a record low 2.5 percent this week, according to the a panel of economists, business leaders and academics. Read more »

Article – Businesswire

April 24 (BusinessDesk) – New Zealand bank profits rebounded strongly in 2011, mainly thanks to lower levels of bad debt since both businesses and households showed little appetite for new bank lending in a trend that could continue for some years, … Read more »

Article – Businesswire

World Week Ahead: Apple earnings, Fed meeting By Margreet Dietz April 23 (BusinessDesk) – It’s a big week for American earnings and Apple is among those reporting. Shares of Apple, which releases its first-quarter score after the closing bell on Tuesday, … Read more »

Article – Businesswire

April 23 (BusinessDesk) – Expectations of a hike to the official cash rate over the next 12 months have fallen to the lowest since mid-February as a high kiwi dollar and a modest economic recovery keep inflation well within the central bank’s target … Read more »

Press Release – Manufacturers and Exporters Association

The latest inflation statistics demonstrate the wealth transfer from the traded economy to the non-traded economy. This must stop say the New Zealand Manufacturers and Exporters Association (NZMEA). Statistics New Zealand’s March quarter figures show non-traded … Read more »

Press Release – Statistics New Zealand

CPI rises 0.5 percent in March quarter Embargoed until 10:45am – 19 April 2012

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Press Release – New Zealand Labour Party

John Key’s belated observation that the high New Zealand dollar is overpriced to the detriment of our exporters is not news to exporters or Labour, says Labour’s Finance Spokesperson David Parker. Read more »

Press Release – Green Party

Half of all New Zealand companies involved in exporting are being hurt by the high and volatile New Zealand exchange rate, said Green Party Co-leader Dr Russel Norman today. Read more »

Article – BusinessDesk

NZ dollar holds above 82 US cents as PM Key tries to talk currency down Read more »

Article – BusinessDesk

April 3 (BusinessDesk) – The New Zealand dollar rose as China doubled the yuan’s trading band, signaling a move toward a more convertible currency and stoking demand for currencies that trade with the world’s most populous nation. Read more »

Article – BusinessDesk

NZ dollar gains more than half a US cent as American benefit numbers rise; Aust jobs grow Read more »

Article – BusinessDesk

April 12 (BusinessDesk) – The New Zealand dollar rose after the European Central Bank indicated it may buy Spanish government debt to reduce the nation’s borrowing costs and the Federal Reserve said the US economy maintained growth in all 12 of … Read more »

Article – BusinessDesk

April 11 (BusinessDesk) – The New Zealand dollar rebounded in local trading after a survey showed local business confidence improved in the first quarter, shrugging off concerns the European debt crisis is worsening. Read more »

Article – BusinessDesk

April 10 (BusinessDesk) – The New Zealand dollar fell in local trading after China unexpectedly reported a trade surplus, damping speculation the People’s Bank of China will loosen monetary policy to support growth. Read more »