Inflation stories
Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank.
Kiwi currency soars as Fed's cautious stance leads to US dollar sell-off, with traders abandoning bullish bets.
The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a.
PM Key predicts further inflation dip and suggests prolonged low interest rates, as RBNZ mulls rate cut amid house pricing pressures.
Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that mo.
The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate unchanged, while leaving open t.
The Reserve Bank of Australia held its cash rate unchanged, having cut the benchmark to a record low last month, saying further cuts may be appropriat.
Wall Street was mixed as a decline in oil prices weighed on energy shares, offsetting optimism about a strong US economy and a supportive central bank.
New Zealand food prices rose in January, as a smaller, later apple crop drove prices for the fruit to the highest in 16 years, while kiwifruit, str.
Bill English confirms 21 May for the Budget, eyeing stronger public finances amidst global fiscal uncertainties.
The New Zealand dollar rose to a two-month high against the pound after a report showed Britain had no inflation last month, stoking speculation the B.
The New Zealand dollar has recently been at the mercy of US dollar volatility and analysts are split on what direction it may take this week.
The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand fo.
The New Zealand dollar jumped more than one US cent after the Federal Reserve was more cautious than expected about a revival in the US economy and th.
Wall Street seesawed as the US dollar continued its climb amid bets the Federal Reserve is gearing up to lift interest rates as early as June.
Wall Street fell after a softer-than-expected private jobs report and a decline in oil prices, while stocks in Europe gained ahead of a European Centr.
The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases.
The latest US jobs data will take centre stage this week as investors refocus on the state of the economy as they refine their bets on when the Federa.
New Zealand businesses have again trimmed their expectations for inflation over the next two years and don't expect the central bank will need to rais.
The New Zealand dollar rose to its highest in almost four weeks against the Australian dollar as investors favoured the higher yields on offer in N.
