Dene Mackenzie

All eyes on Australian lending rate decision

The Reserve Bank of Australia's decision on whether to cut its official lending rate to 2% today is likely to dominate market thinking.

First barrier to OCR cut this week

First barrier to OCR cut this week

The first barrier to an interest rate cut by the Reserve Bank will arrive on Wednesday when Statistics New Zealand releases its latest employment and wages data.

Budget expectations piloted down

Budget expectations piloted down

Finance Minister Bill English used a speech yesterday to soften voters up for some disappointing news likely to be included in his Budget 2015 speech on May 21.

Housing crisis keeps interest rates high

The Government's failure to curb the housing crisis meant the Reserve Bank could not lower interest rates, despite inflation being at 15-year lows, Labour Party finance spokesman Grant Robertson said yesterday.

Business confidence remains high: survey

Business confidence in New Zealand is being described as a ''grand slam combination'' when the intentions of firms are analysed.

Resort housing less affordable

Surging house prices in Auckland and Queenstown have pushed home ownership even further from the reach of first home buyers in the two districts.

Apple to share its success

Apple to share its success

Apple, the maker of iPhones, took the market by surprise yesterday when it announced a stronger profit, an increased dividend and its plans to return $US200 billion in capital to its shareholders.

No easing expected in cash rate review

No easing expected in cash rate review

It will be hard for the Reserve Bank to spring a surprise when it reviews the official cash rate tomorrow following a nine-page speech on inflation last week, BNZ senior economist Craig Ebert says.

Softer tone over cash rate suggested

Softer tone over cash rate suggested

The Reserve Bank is widely expected to leave its official cash rate unchanged at 3.5% on Thursday but ANZ chief economist Cameron Bagrie is seeking a softer tone in the bank's commentary.

Small to medium-sized businesses not investing boldly

More than a third of New Zealand small and medium-sized enterprises (SMEs) feel their business has improved and the economy is moving ahead, but they are still reluctant to invest in or grow their business.