Hot on the heels of low inflation data and another plunge in
dairy prices, Westpac chief economist Dominick Stephens is
now forecasting the official cash rate to fall to a new low
of 2% by the end of the year.
The heat has gone out of the southern job market, according
to the latest Jobs Online monthly report from the Ministry of
Business, Innovation and Employment.
New Zealand's ''rock-star economy'' status is behind us,
according to Forsyth Barr broker Peter Young. Business editor
Dene Mackenzie reports.
Manufacturing activity in Otago-Southland has hit recent lows
as its nearest neighbour Canterbury continues to thrive.
During the past year, Craigs Investment Partners has moved to
a more defensive stance in its investment intentions and
remains comfortable with that position, broker Chris Timms
Calls for the Reserve Bank to cut its official cash rate next
week grew louder yesterday after inflation remained low and
dairy prices slumped significantly in the latest auction.
The New Zealand Initiative has raised the hackles of many
with its report claiming increased workplace safety is one of
the reasons for the lack of affordable housing in Auckland
Tomorrow and Friday are shaping up as two important days for
the New Zealand economy, with some major data to be released
which could influence Reserve Bank policy.
Skycity resource consent for the New Zealand International
Convention Centre can proceed on a non-notified basis,
meaning the casino operator can start construction by the end
of the year.
The percentage of sales from foreign countries from Standard
& Poor's 500 companies with full reporting information
increased in the latest financial year after five years of
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