Retailers upbeat following OCR cut, but experts say next six months will be crucial
But experts warn it may be some time before the effects of the change start to be felt.
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Author Archives: RNZ Business Headlines
Why did New Zealand interest rates go higher than Australia’s?
Australia’s cash rate peaked at 4.35 percent. New Zealand’s reached 5.5 percent.
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BlinkPay launches real-time payments technology in open banking initiative
New Zealand’s open-banking initiatives took another step forwards today as local financial technology (fintech) company, BlinkPay launches its instant payment technology.
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Reserve Bank’s statement a ‘dovish pivot’ – ANZ
The official cash rate has been cut by 25 basis points to three-year low of 3 percent.
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Why OCR decision may be good news for home loan rates
A signal from the Reserve Bank that there could be two more cuts to come in the official cash rate could help drive down home loan rates over the coming weeks.
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Reserve Bank cuts OCR to 3%
The central bank shaved another 25 points off but once again the rate-setting body could not reach consensus on the decision.
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How does the Reserve Bank set the OCR?
The Reserve Bank’s former assistant governor and head of economics at the Reserve Bank lays out what’s involved.
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Kitchen Things in receivership as losses mount
Most of its stores are closed for now as receivers look to identify potential buyers for the business or assets.
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Spark’s profit tumbles in ‘challenging’ period
Spark chair Justine Smyth said economic headwinds, “materially lower customer spending” and structural changes in markets contributed to the fall.
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Fletcher Building reports $419 million full-year loss
Fletcher Building has reported a full year net loss of $419m.
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