Aug 5, 2010
The New Zealand Government will need to revise its economic growth projections after latest employment figures showed a significant increase in unemployment. New Zealand’s unemployment rate rose to 6.8 percent during the June quarter, compared to a level of 6 percent in the prior quarter. The latest figure represents a 19 000 person increase in [...]
The New Zealand Government will need to revise its economic growth projections after latest employment figures showed a significant increase in unemployment.
New Zealand's unemployment rate rose to 6.8 percent during the June quarter, compared to a level of 6 percent in the prior quarter. The latest figure represents a 19 000 person increase in national unemployment, bringing the total to approximately 159 000. The statistics were released government's Household Labour Force Survey, released on August 5th.
Last month Alan Bollard, Governor of the ... Read More
Jul 29, 2010
The Reserve Bank of New Zealand has deemed the country’s economic growth strong enough to instate another increase to the national Official Cash Rate. New Zealand has continued down a path of a relatively healthy economic recovery in recent months, despite a small slowdown in selected growth figures. On July 29th Allan Bollard, Governor of [...]
The Reserve Bank of New Zealand has deemed the country’s economic growth strong enough to instate another increase to the national Official Cash Rate.
New Zealand has continued down a path of a relatively healthy economic recovery in recent months, despite a small slowdown in selected growth figures. On July 29th Allan Bollard, Governor of the Reserve Bank, revealed that the current conditions are adequate to warrant a slight withdrawal of stimulus policy and a 25 basis point increase the Official Cash Rate ... Read More
Jun 10, 2010
The Reserve Bank of New Zealand has raised the nation’s Official Cash Rate (OCR) to 2.75 percent. On June 10th the Reserve bank of New Zealand (RBNZ) announced the first change in New Zealand’s OCR since April 30th 2009. At the latest OCR review, the rate was increased by 0.25 percent to a new level [...]
The Reserve Bank of New Zealand has raised the nation’s Official Cash Rate (OCR) to 2.75 percent.
On June 10th the Reserve bank of New Zealand (RBNZ) announced the first change in New Zealand’s OCR since April 30th 2009. At the latest OCR review, the rate was increased by 0.25 percent to a new level of 2.75 percent. The rate has remained unchanged for the last 8 OCR review sessions.
Alan Bollard, Governor of the RBNZ, explained the change, saying, “…the economy has entered ... Read More
Jan 31, 2010
The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review. At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy [...]
The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review.
At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy remaining consistent with projections made in the December Monetary Policy Statement. He continued on to say that the annual CPI inflation is situated squarely in the target band ... Read More
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