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Economy
GDP fall to impact RBNZ’s monetary stance in next MPC?
June 16, 2022 02:24 PM AEST| By ManikaHighlights NZ’s GDP fell 0.2% in the March 2022 quarter This is mainly due to the Omicron spread during that time Despite a contraction in the economy, the RBNZ unlikely to change its monetary policy stance New Zealand's GDP fell 0......
Why sending parcels may cost Aussies more?
June 15, 2022 06:31 PM AEST| By Akanksha VashishtHighlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation costs emanating from Russia-Ukraine war have made things tougher for postal service providers. Th.....
Inflation worries: OECD asks NZ government to take targeted action
June 12, 2022 06:00 AM AEST| By ManikaHighlights The OECD released its report on Thursday Says the New Zealand government needs to do more to curb inflation The OECD paints a gloomy picture of inflation globally An Organisation for Economic Cooperation and Development (OECD) .....
Inflation higher in NZ than Australia: Check out responses of central banks
June 08, 2022 10:51 AM AEST| By ManikaHighlights Annual inflation is higher in New Zealand as compared to Australia Prices are rising in Australia significantly of late A wide gap between central banks’ monetary policy responses Annual inflation in the year to the March.....
Kiwis gear up for more mortgage rates as RBNZ raises OCR
May 25, 2022 02:15 PM AEST| By ManikaHighlights As expected, the Reserve Bank of New Zealand raises the OCR by 50 bps This brings the OCR from 1.5% to 2% Expecting to raise the OCR more to bring down inflation to remit levels The Reserve Bank of New Zealand (RBNZ) Wednesday .....
RBNZ to announce OCR rates on Wednesday, what to expect?
May 24, 2022 04:14 PM AEST| By ManikaHighlights The Central Bank of NZ to announce the official cash rates (OCR) Wednesday It is almost certain that it will raise the OCR According to most of the economists, it will raise the OCR by 50 bps It is almost certain that the Reser.....
Labor Party win in Australia: How will the result affect New Zealand?
May 23, 2022 06:09 PM AEST| By ManikaAnthony Albanese, belonging to the Labor Party, was sworn in as Australia's 31st Prime Minister on Monday. Albanese defeated Conservative Party's Scott Morrison on Saturday night after a six-week campaign. This ended the Conservative Party ru.....
Why is China moving against the tide in terms of interest rate changes?
May 22, 2022 12:15 AM AEST| By Akanksha VashishtHighlights China’s government has initiated country-wide lockdowns as rising COVID cases spark concerns. Lockdowns across the country have landed major businesses in losses, resulting in shipment delays. The Chinese central bank has rece...
Budget 2022: What would be the top 3 focus areas in Thursday’s announcement?
May 19, 2022 10:35 PM AEST| By SonalHighlights Grant Robertson will unveil his fifth budget on 19 May. Health and climate change are to be the top priority areas of the budget. Kiwis are expecting some steps to be announced regarding the cost of living. Grant Robertson will.....
Does Budget 2022 addresses cost-of-living crisis in NZ?
May 19, 2022 05:13 PM AEST| By ManikaHighlights FM Grant Robertson in his Budget speech expressed concern over the high cost of living Announced several measures to support low-income groups The Cost of Living allowance of NZ$27 per week for low-income earners Budget 2022 ha.....
NZ Budget 2022: Key spending areas in a nutshell
May 19, 2022 03:13 PM AEST| By ManikaHighlights Healthcare takes centerstage in Budget 2022 FM Robertson is of the view that the healthcare is fragmented and unequal in NZ The largest-ever investment of NZ$11 billion has been planned for this sector Finance Minister Grant Ro.....
AIA, AIR, SKO: 3 NZX stocks to eye as travel starts to recover
May 18, 2022 03:36 PM AEST| By Manika9 pandemic. Serko Limited (NZX:SKO) SKO is a corporate travel technology company that announced its full-year results today. It said that it was stepping up its investment as it was expecting a big travel recovery after three years of losses....
Is NZ’s Budget 2022 going to be a `Well-Being’ one?
May 18, 2022 12:50 PM AEST| By ManikaHighlights The NZ Federal Budget for 2022 has been positioned as a `Well-Being’ Budget The Finance Minister faces a tough challenge to bring together a Budget when inflation is at a new high Due to many challenges, the FM will have to do.....
Political unrest in Sri Lanka amid rising economic turmoil
May 14, 2022 12:00 AM AEST| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
Budget 2022: FM Robertson stresses health, low-emissions economy as priorities
May 12, 2022 01:51 PM AEST| By ManikaHighlights Grant Robertson delivered another pre-Budget speech to the Wellington Chamber of Commerce He underlined healthcare, high wage, and a low-emissions economy as priorities Defends spending even if inflation touches a 7% mark .....
What is wage inflation and how is it different from consumer price inflation?
May 11, 2022 11:20 AM AEST| By ManikaHighlights: Wage inflation is an increase in wages and salaries due to shortages of labour New Zealand’s annual wage inflation has hit 3.0% This was 2.6% in December 2021 It is interesting that economists are worried about wage infl.....
Explained: How Russian economy is holding on despite heavy sanctions
May 05, 2022 11:21 AM AEST| By Toshiva JainHighlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco.....
Healthcare, climate change to be main focus in upcoming NZ Budget: Grant Robertson
May 03, 2022 02:07 PM AEST| By ManikaHighlights: NZ Budget to focus on healthcare and climate change New fiscal rules in the offing To cap the debt at 30% instead of current 50% It’s the Budget month again. It’s the month when we finally get to see how much the G.....
Three top hedges to shield your portfolio against inflation
May 01, 2022 12:42 AM AEST| By AayushSince the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest.....
Five ways to prepare for interest rate hikes
May 01, 2022 12:28 AM AEST| By Akanksha VashishtAs an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a considerable share of their income. Most financial markets expect the RBA to raise interest rates as so.....
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