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BNZ - Latest News [Page 35]
BNZ Weekly Overview, Offshore Overview June 26 08
Friday, 27 June 2008, 10:16 am | Bank of New Zealand
Tomorrow morning we expect data to be released showing the NZ economy shrank over the March quarter. Our economy has been hit by a large number of negative factors just when tight monetary policy was finally becoming effective in slowing growth. ... More >>
BNZ Weekly and Offshore Overviews May 22 2008
Friday, 23 May 2008, 9:57 am | Bank of New Zealand
The government revealed some larger than expected tax cuts in today’s Budget which because of the extra support implied for growth and inflationary pressures has pushed wholesale interest rates up from a week ago and seen the NZD end three cents ahead ... More >>
BNZ Weekly By Chief Economist Tony Alexander
Friday, 16 May 2008, 9:06 am | BNZ Weekly
It has been another good week for exporters with the NZD falling to 77.6 cents following weaker than expected retailing numbers this morning. All the evidence shows that after four and a half years of raising then maintaining high interest rates the Reserve ... More >>
BNZ Weekly and Offshore Overviews May 8 2008
Friday, 9 May 2008, 10:12 am | Bank of New Zealand
This has been a very interesting week with important implications for the economy, interest rates and the exchange rate. First, overseas credit conditions have been easing slightly in recent weeks and this has produced some mild downward pressure ... More >>
BNZ reports strong half year profit result
Friday, 9 May 2008, 12:59 am | BNZ
Bank of New Zealand has announced a strong underlying half year result for the six months ending March 2008 with a 14.9 per cent increase in cash earnings after tax to $239 million for its New Zealand Banking division compared to the same period ... More >>
BNZ Monthly Confidence Survey Results May 3 08
Monday, 5 May 2008, 9:53 am | Bank of New Zealand
The BNZ monthly survey of Weekly Overview readers has revealed a small decline in pessimism for the second month in a row. A net 49% of respondents expect the economy to get worse over the coming year compared with 55% early in April and 62% in March. ... More >>
BNZ Weekly and Offshore Overviews April 23 2008
Thursday, 24 April 2008, 9:44 am | Bank of New Zealand
This week we spend the first few pages of the WO examining the retail sector. We look at why growth rates since 2001 could never be sustained, which store types tend to experience the greatest activity decline in a recession and which skate along ... More >>
Bank of New Zealand Appoints New Directors
Monday, 14 April 2008, 5:10 pm | Bank of New Zealand
Bank of New Zealand has appointed Stephen Moir and Dr Andy Pearce as non-executive directors, effective April 14th. More >>
BNZ Weekly and Offshore Overviews April 11 2008
Friday, 11 April 2008, 10:26 am | Bank of New Zealand
Over the past week in New Zealand we have seen more bad sentiment readings for the business sector and some shocking data on the Auckland housing market. In spite of this the NZD has risen over one cent against the greenback partly on the back of ... More >>
Confidence Survey - Pessimism Eases!
Monday, 7 April 2008, 9:54 am | Bank of New Zealand
There was a tremendous response producing lots of comments about conditions in a wide range of industries, including two pages on the real estate market. The overall sentiment indicator for the economy remains poor at a net 55% pessimistic. But in ... More >>
BNZ Weekly and Offshore Overviews April 3 2008
Friday, 4 April 2008, 9:51 am | Bank of New Zealand
In this week's Overview we again take a look at the necessary evil that is a weak economy and consider ways in which you might benefit from it. We reiterate our encouragement to exporters to hang in there, relief is coming though it will initially be a bumpy ... More >>
Weekly and Offshore Overviews, March 27 2008
Friday, 28 March 2008, 10:45 am | BNZ Weekly
This week in New Zealand we have seen some bad confidence numbers released backing up the view that while this Friday we may see a good growth number released for the December quarter there are very weak conditions in prospect for the remainder of ... More >>
BNZ Monthly Survey Results March 10 2008
Monday, 10 March 2008, 1:00 pm | Bank of New Zealand
Please find attached the results of our monthly survey of the confidence of Weekly Overview readers. There has been a further deterioration in sentiment with a net 62% of respondents expecting the economy to get worse over the coming year from 46% ... More >>
BNZ Weekly and Offshore Overviews Mar 6 2008
Thursday, 6 March 2008, 3:20 pm | BNZ Weekly
This week we have seen the Kiwi dollar edge back slightly from last week's unusual high to end just over 80 cents with some assistance from the Reserve Bank continuing to stress inflation risks in its official cash rate review this morning. As expected ... More >>
BNZ Weekly and Offshore Overviews Feb 28 2008
Thursday, 28 February 2008, 4:24 pm | Bank of New Zealand
The NZD has hit a new post-float high above 82.1 cents this week on its way possibly higher yet. The strength in the NZD is unsurprising and in line with the warning we have been delivering since 69 cents last September. Namely that with support from ... More >>
BNZ Weekly and Offshore Overviews, Feb 21 2008
Thursday, 21 February 2008, 4:48 pm | Bank of New Zealand
The main thread of discussion around the world this week has been about inflation. The US rate has lifted to 4.4%, China's inflation rate is now 7.1%, the EU rate is well above the 2% target at 3.2%, and Australia's underlying rate is above 3.5%. ... More >>
BNZ Monthly Confidence Survey results Feb12 2008
Tuesday, 12 February 2008, 10:29 am | Bank of New Zealand
Attached you will find the results of our first survey of the confidence of Weekly Overview readers for 2008. Strong pessimism has returned with a net 46% of respondents expecting the economy to deteriorate over the coming year compared with a net 15% ... More >>
BNZ Weekly and Offshore Overviews 7 Feb 08
Thursday, 7 February 2008, 4:29 pm | Bank of New Zealand
This week New Zealand wholesale interest rates and our currency have moved higher partly in response to this morning's labour market report showing record low unemployment at 3.4% and jobs growth of 23,000 people in the quarter being four times what us ... More >>
BNZ Weekly and Offshore Overviews Jan 31 2008
Thursday, 31 January 2008, 5:27 pm | Bank of New Zealand
This week for New Zealand we have learnt that residential construction is falling away, non-residential construction activity still looks okay, export growth is shooting through the roof led by the dairy sector, lending growth to households is finally ... More >>
Bank of New Zealand Repositions Rates
Wednesday, 30 January 2008, 4:31 pm | Bank of New Zealand
Bank of New Zealand have repositioned their rates today, reflecting the higher cost of short term funding. Variable home loan rates and selected credit card rates will go up (by 14 bps and 100 bps respectively.) More >>
