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Reserve Bank Of New Zealand

All articles tagged with #reserve bank of new zealand

finance1 year ago•3 min saved

"Global Markets Await Rate Decisions, China Loans, and US Inflation Data"

Asian markets are focused on interest rate decisions in New Zealand and Thailand, as well as Chinese bank lending figures, following a lackluster performance on Wall Street. Japan's Nikkei 225 is looking to test 40,000 points again, while the yen's slide towards 152 per dollar may prompt verbal intervention from Japanese authorities. Investors are hoping for signs of recovery in Chinese bank lending figures for March, and both the Reserve Bank of New Zealand and Bank of Thailand are expected to keep key rates unchanged, with signals about future policy paths being crucial for local asset markets.

via Reuters|

#asian-markets #bank-of-thailand #chinese-bank-lending

finance1 year ago•3 min saved

"Asia Markets Kick Off Holiday Week with Mixed Open"

Asia markets opened mixed to start a holiday-shortened week, with Japan's Nikkei 225 reaching 34-year highs, while China remains closed for the week. The New Zealand dollar dipped following Reserve Bank of New Zealand governor's comments on inflation, and Australian biotech company CSL's shares fell after its cardiovascular drug failed a phase 3 trial. Additionally, tech stocks are still showing potential for further growth, with some tech stocks in Citi's list of top "high-conviction" picks from markets across the world.

via CNBC|

#asia-markets #csl #finance

politics2 years ago•4 min saved

"New Zealand's Coalition Government: Mandate, Taxes, and Gun Laws in Focus"

New Zealand's National Party, along with New Zealand First and ACT New Zealand, has formed a new three-party coalition government led by incoming Prime Minister Christopher Luxon. The coalition agreement includes plans to return the central bank to a single inflation-target mandate, wind back the use of Indigenous language and affirmative action policies, and review the interpretation of the country's founding treaty document. The government also intends to cut personal income taxes, repeal bans on offshore oil and gas exploration and the sale of cigarettes to future generations, and make changes to the Arms Act. The new cabinet will be a mix of veteran politicians and new leaders, with NZ First leader Winston Peters and ACT leader David Seymour sharing the role of deputy prime minister.

via Reuters|

#indigenous-rights #national-party #new-zealand