Emergency cut to reassure stability of NZ banking system
The banking space will see further rapid changes this week in response to developments internationally. We are now in full-blown financial, as well as public health and economic crisis mode.
Finance
Interview: Trump’s US-Europe travel ban NZ effects
Trump's travel ban on Europeans entering the US caught airlines, policymakers and travellers off guard. Coronavirus now poses a crisis-trifecta: Public health, economic and a financial crisis.
Kiwis owe $92,000 for every man, woman and child
Private sector debt in New Zealand stood at $456bn in March 2019, the equivalent of almost $92,000 for each of our 4,957,400 men, women and children. This article explores the key contributors to this debt, as well as basic rules of thumb to put this debt in context.
Have lower interest rates spooked businesses?
Business confidence has fallen to its lowest level in a decade. The irony is that the Reserve Bank’s August OCR cut, which was much bigger than market expectations, has spooked businesses rather than boosted them as had been intended.
Adrian Orr is impotent, not so Grant Robertson
The Reserve Bank’s target interest rate, the Official Cash Rate (OCR) has been slashed to a record low of 1.00%. Against a backdrop of a burgeoning international trade war, Reserve Bank Governor Adrian Orr is worried about being left behind in an international race-to-the-bottom to devalue currencies and support exporters.
Wage pressures mount, interest rates to be cut
Wage pressures have mounted, at a time when the economy has shown signs of slowing. To counteract the risk of a slowdown becoming entrenched, the RBNZ is likely to cut the OCR again at its next review in August.
10 ways to kickstart your financial health
This Top 10 explores ways of getting into financial health and avoiding debt-traps from spending increases to your […]
10 problems with tying up too much money in housing
At the risk of sounding like a bore, this post deals with the housing market. But instead of […]