Results: New Zealand Economy
We're now seeing the lowest housing interest rates of all time, the unemployment rate has remained low, and inflation has been und...
Official Cash Rate remains unchanged
The latest announcement made by the RBNZ is that the OCR will remain unchanged for the time being.
Gross Domestic Product (GDP) expected to show slow growth
The figures are due to be released later this week, and most of the banks and economists have predicted for the Gross Domestic Product (GDP) to show slow growth.
Banks stocking up for spring
With a record-low OCR, it looks like banks are taking advantage of low wholesale funds. According to KPMG's latest survey, Westpac launched a medium-term note issue seeking $100 million.