New Zealand is sinking into recession. What will the RBNZ decide on rates?
New Zealand is in recession, Thursday's first-quarter GDP contraction showed by 0,1%, below the Reserve Bank of New Zealand's forecast of 0,3%. GDP in the fourth quarter was also revised [...]
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August 17 2022
New Zealand Interest Rate Increase
The Reserve Bank of New Zealand raised its main interest rate today by 0,5 percentage points to the level of 3% that last applied seven years ago. It was the fourth increase by 50 basis points in the current cycle.
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November 24 2021
Crude oil increased in price despite the mobilization of strategic reserves
The mission of US officials to persuade several countries to release strategic oil reserves has been successful. However, the increase in the supply of raw material probably turned out to be too small and the intended effect was not achieved - [...]
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November 19 2021
Reserve Bank of New Zealand - RBNZ functions and role
New Zealand is one of the most developed economies in the world. The country is one of the members of the OECD. In turn, the New Zealand dollar is one of the most liquid currencies in the Asia-Pacific region. According to data [...]
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