Wage growth remained subdued in the first three months of the
year but Statistics New Zealand data out yesterday suggests
that the labour market and economy appear to be improving
more rapidly than previously thought.
The Australian Reserve Bank yesterday lifted its official
cash rate by 0.25% to 4.5%, making it now 2% higher than the
New Zealand Reserve Bank's 2.5% OCR.
Mackline is applying for a new job that does not pay very
well but one for which this columnist is well suited.
The campaign for Dunedin
engineering firms to gain some of the nearly $400 million
KiwiRail plans spending on new rolling stock begins in
earnest on Monday with the release of an economic report.
The global water industry is providing New Zealand investors
with exposure to a growth sector on the financial markets,
the executive director of Pathfinder Asset Management, Paul
The Reserve Bank held off
increasing its official cash rate yesterday, bringing good
news for investors but bad news for homeowners needing to
refinance fixed-term mortgages in the future.
The Reserve Bank
yesterday held its official cash rate at 2.5%, surprising
no-one in the market.
The transparency provided
by improved KiwiSaver regulations would be welcomed in the
savings industry, Forsyth Barr KiwiSaver specialist Damian
Foster said yesterday.
A "super-regulator" will be
introduced to oversee New Zealand's financial markets,
Commerce Minister Simon Power has announced.
A further financial crisis in Greece yesterday caused chaos
on world financial markets after credit rating agency
Standard & Poor's downgraded Greek bonds to junk status.
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