Zealand

New Zealand central bank confident medium-term inflation returning to target
New Zealand central bank confident medium-term inflation returning to target
NEW Zealand’s central bank decided to hold the cash rate at 5.5 per cent this week because its monetary policy committee remained confident medium-term inflation would return to its...
Australian, New Zealand dollars on defensive, markets run away from rate cuts
Australian, New Zealand dollars on defensive, markets run away from rate cuts
THE Australian and New Zealand dollars were ending the week on the defensive on Friday as upbeat economic data lifted their US counterpart, while debt markets further lengthened the...
Australian, New Zealand dollars jump to decade-highs against weakened yen
Australian, New Zealand dollars jump to decade-highs against weakened yen
THE Australian and New Zealand dollars climbed to their highest in more than a decade against the weakened Japanese yen on Monday as a still dovish Bank of Japan...
Air New Zealand trims annual earnings outlook on ‘challenging’ economic conditions
Air New Zealand trims annual earnings outlook on ‘challenging’ economic conditions
AIR New Zealand on Monday cut its earnings outlook for fiscal 2024, on the back of challenging economic conditions and ongoing cost-of-living pressures leading to softer revenue in both...
New Zealand holds rates, sees ongoing need for tight policy
New Zealand holds rates, sees ongoing need for tight policy
NEW Zealand’s central bank kept interest rates unchanged for a sixth straight meeting and said they need to remain high for some time to ensure inflation is tamed.The Reserve...
New Zealand central bank to implement cyber reporting rules through 2024
New Zealand central bank to implement cyber reporting rules through 2024
NEW Zealand’s central bank on Monday (Mar 4) said banks must report major cyber incidents within 72 hours, as it plans to implement formal cyber reporting requirements in phases...
New Zealand central bank holds rates, flags less hawkish policy track
New Zealand central bank holds rates, flags less hawkish policy track
NEW Zealand’s central bank held the cash rate steady at 5.5 per cent on Wednesday and trimmed the forecast peak for rates, catching markets by surprise as policymakers said...
Air New Zealand eyes fare hikes as costs surge, profit slumps
Air New Zealand eyes fare hikes as costs surge, profit slumps
AIR New Zealand said it may raise ticket prices to cover rising costs after reporting a 38 per cent slump in interim earnings and forecasting an even worse second...
Air New Zealand warns competition, slow demand will hit earnings
Air New Zealand warns competition, slow demand will hit earnings
AIR New Zealand warned that earnings will drop in the six months to June amid increased competition from United States rivals and slowing corporate demand. Full-year pretax profit could...