A rapid lift in house prices nationally and Auckland's
massive under-supply will drive home building consents to
record levels by 2018, Infometrics chief forecaster Gareth
Kiernan said yesterday.
Low interest rates remain a focus around the world but, this
week, attention will move away from New Zealand towards
decisions being made in Australia and the United States.
Alliance Group is preparing to launch a new range of
market-ready lamb packs into retail and food service sectors
in China next month.
Creditors of defunct electrical retailer Dick Smith have
voted in favour of liquidation.
The Reserve Bank has the scope to cut the interest-driving
official cash rate (OCR) further, but it is unclear if those
cuts will be passed on to lenders.
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