It is now official: the NZ economy was in recession first half 2008. We probably still are. But this is no surprise and simply confirms the RBNZ assumptions. The RBNZ are showing a keenness to ease and have signaled another 0.5% OCR cut over the next 12 months, probably sooner rather than later.
Speculation that the […]
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The RBNZ surprised with an aggressive 0.5% cash rate cut to 7.5% p.a., and yet the NZD/USD is down a mere 0.1% over the week. Quite simply there were bigger fish out there, namely the USD itself.
Nonetheless the local economy is in recession according to the RBNZ. The RB do intend to cut the cash […]
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Almost 12 months ago to the day The Economist warned “we will see asset classes that will have very good runs (commodities, high-yield debt, currencies like the New Zealand dollar) only to lose a good deal of those gains in a short period”, the result of hedge fund activity. They were right. The goings-on of […]
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