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New Zealand Jobless Rate Rises to Three-Year High as Rates Bite
01 May 2024 05:17 GMT
… unexpectedly fell as high interest rates cooled demand and curbed … quarter of 2021, Statistics New Zealand said Wednesday in Wellington. … be welcomed by the Reserve Bank as it battles to … of softness ahead.”
The New Zealand dollar dipped after the report …
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MNI EUROPEAN OPEN: NZ Labour Market Weakens, Wages Elevated
01 May 2024 08:10 GMT
… 4%, according to Stats NZ data released Wednesday. The … , according to CoreLogic.
NEW ZEALAND (BBG): New Zealand’s central bank said … the next year,” the Reserve Bank said in its semi- … pressures could mean global interest rates remain restrictive for longer, …
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NZ stocks follow sharp falls offshore - Market close
01 May 2024 07:03 GMT
… / Luke KirknessThe New Zealand sharemarket followed sharp falls offshore … sticky inflation will delay interest rate cuts.
The S… slow to subside and interest rates staying higher for longer, … is critical for the Reserve Bank. “The Business Outlook …
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Job uncertainty, mortgage rates hit NZ households
01 May 2024 07:08 GMT
… image)
Photo: RNZ
The Reserve Bank (RBNZ) says a number of … repayments due to higher interest rates.
In its half-yearly … pressures could mean global interest rates could stay higher for … tight in advanced economies including New Zealand," the RBNZ said. …
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Financial system robust to high interest rate environment – Reserve Bank of New Zealand – Te Pūtea Matua
30 Apr 2024 23:40 GMT
Most mortgage borrowers have now repriced onto higher interest rates as expected, with rising nominal incomes helping many households navigate this transition. However, some are doing it tough and reducing their spending or extending their repayment …
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New Zealand c.bank says financial system remains strong despite higher rates
30 Apr 2024 23:06 GMT
… adjust to the higher interest rate
environment.
"New Zealand's financial system … of severe scenarios," the Reserve Bank of New
Zealand (RBNZ) said in a … inflation pressures could
mean global interest rates remain restrictive for longer,
placing …
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Household borrowing at 'strained' levels, warns Reserve Bank
30 Apr 2024 23:00 GMT
… Reserve Bank released its six-monthly Financial Stability Report this morning.
Stats NZ … come.
The Reserve Bank report also noted … they hit high interest rates, insurance and … interest rates have reduced borrowing capacity and investor demand.
The Reserve Bank …
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NZ dollar extends declines, bond yields sag as job market loosens
01 May 2024 03:49 GMT
… recent drastic shift in global interest rate expectations as inflation proves hard … 38 basis points from the Reserve Bank of New Zealand this year, likely commencing … interest rates, climbed to another 10-year high on the kiwi to NZ …
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Worrying data shows borrowers 'doing it tough' on higher interest rates, business liquidations hit 9-year high
30 Apr 2024 22:44 GMT
… date, the impacts of higher interest rates on the financial system have … .
Despite this, Deputy Reserve Bank Governor Christian Hawkesby said New Zealand's financial … to adjust to the higher interest rate environment.
"Banks’ capital ratios …
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Political Roundup: Discontent and gloom dominate NZ’s political mood
01 May 2024 02:41 GMT
… s National/Act/NZ First (53 per cent) … discontent is bubbling up in New Zealand
The political right channelled … the brunt of it
National, NZ First, and Act all … and if the Reserve Bank can seriously cut interest rates before the next election …