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Economy
Why New Zealand registered trade surplus of $33 million for March 2021
April 29, 2021 01:03 PM AEST| By Team Kalkine MediaLatest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March. Trade balance shows the difference between a country’s exports and imports in a particular period of time. When a country's exp...
Will supply-demand imbalance continue as asking prices for NZ homes cross $8K mark?
April 29, 2021 11:29 AM AEST| By Team Kalkine MediaSummary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose 26%, while supply fell 9% in NZ in the month. House prices may be stable or can fall over this ye.....
From Free Education To Tax Cuts: An Insight Into Biden’s New Family Plan
April 29, 2021 07:36 AM AEST| By Team Kalkine MediaSummary The American Family Plans consist of US$1 trillion in investments and US$800 billion in tax cuts. Biden’s plan will provide more money to the middle class families for better education and child care. The administration proposes .....
Mixed bag for APAC markets on Australia, Japan macros
April 28, 2021 03:06 PM AEST| By Furquan MoharkanSummary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSCI APAC is down 33 bps The Asia Pacific (APAC) stocks were a mixed bag on Wednesday as investo.....
RBNZ To Advise Government on Debt-to-Interest Ratios By May End
April 28, 2021 01:11 PM AEST| By RomaSummary The RBNZ is set to make announcements on DTI restrictions and interest-only loans in late May. The government was expected to make an announcement in this regard in its May 5 Report. The government urged the RBNZ to keep in mind housin.....
NZ Dollar Gains As Fed Is expected to Keep its Dovish Stance
April 27, 2021 05:47 PM AEST| By ManikaSummary Despite some economic recovery, Federal Reserve is set to keep its monetary policy stance unchanged Fed feels that although there is a good economic backdrop, the inflation and maximum employment targets are still way off. The NZ dolla.....
Where The Future Lies For NZ House Prices
April 26, 2021 04:36 PM AEST| By Team Kalkine MediaSummary House prices in NZ have soared 24% in March 2021. RBNZ expect property prices to slow down after housing initiatives taken by the government. Kiwibank and Westpac expects house prices to fall going ahead. House prices are expected.....
How School Zone Alterations Could Influence Auckland house prices
April 24, 2021 01:10 AM AEST| By Team Kalkine MediaSummary REINZ has warned that alteration to school enrolment zones in Auckland could drive house prices further in the region. Property experts anticipate demand to rise in suburbs having top schools. Families that are eager to get a house in .....
Is Transport The Main Driver For NZ Inflation in Q1 2021?
April 22, 2021 02:33 PM AEST| By ManikaSummary Increase in transport costs was the main reason for quarterly inflation. But there were other reasons too, like the housing prices. The inflation is still low as compared to the RBNZ target. The inflation numbers as announced on W.....
ANZ slashes variable mortgage rates by up to 90bps
April 22, 2021 12:58 PM AEST| By Team Kalkine MediaAustralia And New Zealand Banking Group (NZX:ANZ, ASX:ANZ) is the first bank to slash variable mortgage interest rates in 2021. ANZ has cut off up to 0.9% from its variable rate home loans and altered its package discount structure on April 19. The...
NZ economy would stay buoyant to external headwinds: Moody's
April 22, 2021 06:10 AM AEST| By Team Kalkine MediaNew Zealand’s economy is one of the most well-placed economies in the world, partly owing the credit to its hard and early response to the COVID-19 pandemic. NZ witnessed an increase in the economic activity in the second half of 2020. NZ&rsqu...
Does NZ need to lower dependency on swiftly expanding Chinese economy?
April 21, 2021 04:01 PM AEST| By Team Kalkine MediaAs per the latest statistics by the National Bureau of Statistics of China, China’s GDP grew 18.3% YOY in Q1, reaching 24.93 trillion yuan. This comes after a 6.5% expansion in Q4 of 2020. China's first-quarter record success would boost growth...
NZ Inflation Moves Up, Will RBNZ Increase Interest Rates Now?
April 21, 2021 02:14 PM AEST| By ManikaNew Zealand’s Consumer Price Index (CPI) has moved up by 0.8% in Q1, much above the forecast of 0.7%. The annual inflation was also above expectations at 1.5% as compared to 1.4% the previous year. While this is being seen as a g.....
Why NZ House Buying Spree Refuses to Die Down
April 21, 2021 11:38 AM AEST| By Team Kalkine MediaProperties are being snapped up in New Zealand quickly. Several properties in various regions are experiencing a decline in the time a house is sold in the market as compared to 2020. As per the latest data from real-estate consultant Trade Me, an a...
Will Trans-Tasman bubble give a respite to the NZ economy?
April 20, 2021 04:07 PM AEST| By Team Kalkine MediaSummary The AU-NZ travel bubble news came as a respite for many families and tourist operators. Jacinda Ardern had announced that trans-Tasman bubble would begin from 19 April. Travel bubble could give a boost to NZ economy by $1 billion. .....
In New Report, Concerns Raised About New Zealand’s Productivity
April 20, 2021 02:48 PM AEST| By RomaSummary Concerns about New Zealand productivity after new report. Product Commission Chair advices innovation to New Zealand businesses. Smart work over hard work, need of the hour. Smart work has always fetched better results than hard w.....
Record properties sold in March, S&P expects NZ house prices to drop
April 17, 2021 06:00 AM AEST| By Team Kalkine MediaSource: 89stocker, Shutterstock Summary The highest number of properties were sold in March. The NZ government announced many measures to fix housing crisis. S&P Global expects the NZ house prices to fall. Latest REINZ statistics for...
Stats NZ: Businesses to carry out R&D despite COVID-19
April 16, 2021 12:32 PM AEST| By Team Kalkine MediaSource: SmartPhotoLab, Shutterstock Summary Research and development activity is expected to stay steady in the future despite COVID-19. 41% businesses have planned to increase their R&D spend over the next financial year. COVID-19 caused...
Why RBNZ left OCR unchanged in its monitory policy meet
April 14, 2021 04:26 PM AEST| By Team Kalkine MediaSource: PIC SNIPE, Shutterstock Summary RBNZ left its OCR unchanged at 0.25% on Wednesday. The bank’s LSAP and FLP programmes will also continue to operate under existing conditions. It plans to keep monetary policy settings loose until...
Will NZ economic activity gather momentum in March quarter?
April 13, 2021 11:09 AM AEST| By Team Kalkine MediaSource:Freedomz, Shutterstock Summary NZ has performed strongly in the race to combat COVID-19. A think tank’s latest quarterly survey has revealed that there has been a small pick-up in business confidence. Survey results have been coh...
