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Economy
Will RBNZ start tightening monetary policy from November this year?
July 12, 2021 07:34 PM PDT| 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 12, 2021 06:00 PM PDT| 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 08, 2021 05:35 PM PDT| 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 06, 2021 11:59 PM PDT| 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.....
OPEC+ crisis: Oil shoots to 6-yr high. What to expect?
July 06, 2021 09:11 AM PDT| By Team Kalkine MediaOil prices in the US surged to six years high following the failure of the OPEC countries to decide on how much oil to be produced. US benchmark West Texas Intermediate hit a six-year high to US$76.98 a barrel this week, and global benchmark Brent .....
Strong biz confidence pulls NZ interest hike expectations to Nov; NZD rises
July 06, 2021 01:36 AM PDT| 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.....
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 05, 2021 06:17 PM PDT| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Is cost of ageing population the main reason for soaring government debt in NZ?
July 05, 2021 05:43 PM PDT| By ManikaSummary Rising debt in New Zealand a cause of worry for Treasury. Says, debt is driven mainly by ageing population and cost of healthcare. Suggests super age should increase from 65 years to 67 years. The New Zealand government is worried.....
Done with recession? What are the different kinds of economic recoveries?
July 04, 2021 11:52 PM PDT| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
Emotional health is paramount to your overall happiness: Here’s why
July 03, 2021 07:15 PM PDT| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 03, 2021 06:10 PM PDT| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
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US economy adds 850,000 jobs in June as wages rise
July 02, 2021 10:30 AM PDT| By Team Kalkine MediaSummary It was the biggest gain since August 2020, exceeding economists' estimates but in line with their expectation of a continued improvement in the labor market. The US economy had added 583,000 and 269,000 new jobs in May and April, respec.....
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Will NZ households pay extra for consumer items amid growing inflationary burden?
July 02, 2021 01:36 AM PDT| By SonalSummary ANZ-Roy Morgan Consumer Confidence Index remained steady at 114 in June. The index measures consumer confidence in NZ households every month and the subsequent impact on buying patterns. Inflationary pressures are building up. ANZ.....
New dwellings consent reaches a new annual record in May 2021
June 30, 2021 10:08 PM PDT| By SonalA record number of new homes were consented for the year ended May 2021. Stats NZ released latest building consent figures on Thursday, revealing that the actual number of new dwellings consented stood at 43,466 for the year ended May 2021, the high...
The housing crisis in New Zealand takes a new turn
June 30, 2021 07:25 PM PDT| By RomaSummary Further bad news for new homeowners, buyable homes on a decline. Five Major regions witness a record decline in number of properties. Consumer trend shifting from existing homes, towards construction of new ones. The housing issue.....
Opinion: How Does The Reserve Bank Plan To Balance High Inflation and Low Interest Rates?
June 29, 2021 11:51 PM PDT| By ManikaRising house prices due to a low-interest regime, good economic growth, employment, and GDP numbers better than other countries are all posing a challenge for the dovish Reserve Bank of New Zealand. Should the Reserve Bank continue its expansionary...
New Zealand stares at higher inflation, ANZ calls for increase in OCR this year
June 29, 2021 11:11 PM PDT| By ManikaNew Zealand businesses are seeing a rise in inflation beyond the Reserve Bank of New Zealand’s (RBNZ) target of 2%. ANZ Business Outlook Survey revealed that Companies that were surveyed continued to feel tremendous cost pressure. The Survey.....
RBNZ’s Statement of Intent says vulnerabilities remain despite recovery
June 29, 2021 01:46 AM PDT| By SonalSummary RBNZ provided Statement of Intent 2021-2024 on June 29. Economic activity in NZ returned to pre-COVID-19 levels. However, there are still vulnerabilities with more monetary and fiscal support needed for the recovery process. RBNZ .....
Can rising inflation derail recovering global economy?
June 28, 2021 06:21 PM PDT| By RomaSummary Global economic recovery could be marred by logistical instabilities in East Asia. Big Money countries like the US and G7 members play a strong role in recovery. Is a global inflation crisis on the way? What should be done to avert it?.....
Is New Zealand’s economy on the right track? Should Australia follow in NZ footsteps?
June 28, 2021 02:30 AM PDT| By SonalNew Zealand has now entered a select group of nations whose economies have grown in size since the start of the coronavirus pandemic. The country witnessed a widely unexpected broad-based growth of 1.6% in the March quarter of 2021, in spite of Auckl...
