Economy

Record US job quits in March spur wage inflation fears

Highlights: Record high resignations in the US are likely to fuel wage inflation. US job openings surged 205,000 to 11.5 million in March 2022. C...

Healthcare, climate change to be main focus in upcoming NZ Budget: G...

Highlights: 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%...

Three top hedges to shield your portfolio against inflation

Since the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as...

Five ways to prepare for interest rate hikes

As 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 consi...

Is Inflation likely to take a breather by the end of 2022?

Highlights Rising inflation is becoming the main concern in New Zealand Tomorrow’s numbers could take the inflation rate to 7% RBNZ Governo...

In a hawkish move, RBNZ raises OCR by 50 basis points

The Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand (RBNZ) today increased the Official Cash Ration (OCR) to 1.50%  in a bid t...

RBNZ to raise interest rates tomorrow, by how much is the question

Highlights On Wednesday, the RBNZ will meet for monetary policy review. Economists divided over whether it will raise 25 bps or 50 bps Since risi...

What is the current state of inflation in OECD area?

Highlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the...

What is Fair Pay Agreements Bill? What does it mean for the NZ indus...

Highlights Fair Pay Agreements Bill seeks to address low incomes and insufficient working conditions It will give enable sector or industry wise b...

Why are Australia’s housing growth rates losing momentum?

Highlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. Th...

Australia Budget 2022-23: Paid Parental leave to support new dads

Highlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken...

US now has 5 million more jobs than unemployed people

Highlights Job attrition increased by 94,000 to 4.35 million in February from the previous month. Also, the percentage of the workforce rose from...

Australian retail sales in February 2022: Three points to notice now

Retail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the...

Australia budget 2022-23 to offer petrol price relief & support firs...

Highlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on eas...

When was the last housing market crash in Australia?

The Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of w...

Impact of COVID-19 on Australian property market: Six points to note

Highlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state government...

Housing imbalances & inflation causes of worry in NZ, says IMF

Highlights NZ economy in strong position so far Omicron, Ukraine war and China slowdown will impact the economy adversely Inflation, household de...

Australia Federal Elections 2022: Will Covid wave see Aussies cast t...

Highlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-...

Why is stagflation back on investors' minds?

Highlights  Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-U...

P&O Ferries: What’s happening after the firm slashed 800 jobs?

Two days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members wi...