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Economy
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Online Scams: UK consumers clueless on how to avert frauds
August 04, 2021 05:31 PM AEST| By Kamalika GhoshA recent report by Which? has stated that the UK’s biggest banks are failing to provide proper support to fraud victims, leaving them feeling vulnerable and abandoned at a time of crisis and exposed to future scams. In last one year, as per a.....
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OCR hike imminent as NZ jobless rate falls to 4%
August 04, 2021 03:57 PM AEST| By ManikaThe unemployment numbers showed a better-than-expected drop in the second quarter on the back of a strong economic recovery and the shortage of skilled and unskilled labour. With rising inflation and strong employment numbers, will the Reserve Bank.....
RBA to cut bond buying program by 20% after a month
August 03, 2021 05:02 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
What do we know about UK's fuel poverty?
August 03, 2021 12:36 AM AEST| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 11:00 PM AEST| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 31, 2021 12:00 AM AEST| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 29, 2021 12:26 AM AEST| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
Planning to invest? Keep track of these economic indicators
July 27, 2021 08:25 PM AEST| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
What are the benefits and risks of a ‘vaccine passport’ for UK businesses?
July 27, 2021 03:49 PM AEST| By Suhita PoddarThe widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi.....
Westpac cuts fee for KiwiSaver scheme to help people reach their investment goals
July 20, 2021 11:05 AM AEST| By RomaSummary Westpac cuts fee for its KiwiSaver Funds Scheme by one third. Balanced fund, growth, and cash fund charges to witness drop. Efforts being made to help people get the most of investments. In a recent announcement, Westpac Banking C.....
Know what’s latest in the global economic calendar
July 16, 2021 08:26 PM AEST| By Team Kalkine MediaSummary Economies across the globe are actively recovering from the COVID-19 crisis, with major policy changes looming ahead. Improvement in the unemployment figures has cast expectations of inflationary spells in New Zealand and the US. .....
Inflation makes NZ consumers worried, new data shows price rise to 3.3%
July 16, 2021 12:58 PM AEST| By ManikaSummary Inflation more than forecast as announced in the latest numbers. Mainly driven by oil price hikes and new houses’ building costs. The demand for interest rate hike next month gets stronger. Inflation numbers released by Stat.....
Will RBNZ be the first central bank to raise interest rates?
July 16, 2021 11:12 AM AEST| By RomaSummary The RBNZ keeps OCR unchanged in its monetary Policy review. Hike in interest rates being expected as early as August. Consumer market index and labour market data to influence further developments. With the updates laid out by the.....
RBNZ keeps OCR unchanged but ends quantitative easing
July 14, 2021 02:50 PM AEST| By ManikaSummary RBNZ’s MPC agrees to put an end to stimulus As a first, halts its Large-Scale Asset Purchase (LSAP) programme Says, economy robust and its time to tighten the settings RBNZ’s Monetary Policy Committee (MPC) on Wednesda.....
Record rising median prices shatter New Zealanders’ dream of owning home
July 14, 2021 10:30 AM AEST| By RomaSummary Median home prices increasing alarmingly in the country. New Interest rate update could mean a difference in the current scenario. Waikato amongst the cities that have witnessed a quick surge in prices. As the housing prices in th.....
Will RBNZ start tightening monetary policy from November this year?
July 13, 2021 12:34 PM AEST| By ManikaSummary The data suggests overheating of the New Zealand economy. Top four banks call out for interest rate hikes from November this year. Would the central bank be ready to do that is a big question? It is being expected that the Reserve.....
Risk of inflation hovers as Reserve Bank is set to unveil monetary policy update
July 13, 2021 11:00 AM AEST| By RomaSummary Risk of inflation rises as predictions roll in for Wednesday’s RBNZ policy report. A rise in interest rates in November is being predicted. Need for a balancing act that controls inflation while enabling economic growth. The.....
NZ railways to get NZ$1.3-billion investment in next 3 years
July 09, 2021 10:35 AM AEST| By RomaSummary Three-year rail investment program pledges NZ$1.3-billion investment. KiwiRail can begin a new era of consistency and success. Responsible for the GDP of the country, this is a much-needed support for KiwiRail. Railways in New Zea.....
More Kiwis show confidence in financial markets, prefer shares to term deposits
July 07, 2021 04:59 PM AEST| By ManikaSummary Confidence in financial markets has risen in the last one year. Investors shifting to shares from term deposits. Investors taking more to online platforms in a DIY mode. Confidence in financial markets has continued to rise in the.....
Strong biz confidence pulls NZ interest hike expectations to Nov; NZD rises
July 06, 2021 06:36 PM AEST| By ManikaNew Zealand's business confidence has shown a sharp rise in Q2, suggesting a strong economic recovery giving rise to sooner-than-expected rate hike. The New Zealand Institute of Economic Research (NZIER) in its quarterly survey of business opinion.....
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