Mar 1, 2010
The New Zealand Institute of Economic Research (NZIER) has released its latest report, in which it describes New Zealand’s economic recovery over the upcoming years as “jagged”, along with “bumpy and subdued”. On March 1st, the NZIER released the March 2010 Quarterly Predictions report, which stated that although New Zealand is no longer facing a [...]
The New Zealand Institute of Economic Research (NZIER) has released its latest report, in which it describes New Zealand’s economic recovery over the upcoming years as “jagged”, along with “bumpy and subdued”.
On March 1st, the NZIER released the March 2010 Quarterly Predictions report, which stated that although New Zealand is no longer facing a recession, its economic recovery will be slow and “jagged”. Growth of only 2.7 percent was projected for the 2010 calendar year, and 1.4 percent for 2011. Shamubeel ... 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
Jan 26, 2010
Bill English, the New Zealand Minister of Finance, has announced that two new directorship appointments have been made to the board of the Reserve Bank of New Zealand. Neil Quigley, a Victoria University Professor of Economics, and Kerrin Vautier, an Auckland-based consulting research economist, were announced to have received the positions on January 19th. The [...]
Bill English, the New Zealand Minister of Finance, has announced that two new directorship appointments have been made to the board of the Reserve Bank of New Zealand.
Neil Quigley, a Victoria University Professor of Economics, and Kerrin Vautier, an Auckland-based consulting research economist, were announced to have received the positions on January 19th. The two new appointees replace Alison Paterson and Sir John Goulter, who have served fifteen and ten years respectively in the positions.
According to Bill English, the Government was seeking ... Read More
Nov 9, 2009
The New Zealand economy is showing definite signs of recovery, though warnings have been given not to over-estimate its pace. According to statements made by John Key, New Zealand Prime Minister, and reports by the New Zealand Reserve Bank, the economy will continue to recover over the second half of 2009. The Prime Minister said [...]
The New Zealand economy is showing definite signs of recovery, though warnings have been given not to over-estimate its pace.
According to statements made by John Key, New Zealand Prime Minister, and reports by the New Zealand Reserve Bank, the economy will continue to recover over the second half of 2009. The Prime Minister said that the New Zealand GDP in the fourth quarter will be “quite good” and that the third quarter figure “won't be bad either”.
The recovering economic figures ... Read More
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