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Bank of New Zealand - Latest News [Page 7]
New orders/business boosts service sector activity
Monday, 21 September 2009, 4:57 pm | Bank of New Zealand
The service sector continued on its road to recovery as the August result provided the first consecutive monthly expansion since early 2008, according to the BNZ Capital - Business NZ Performance of Services Index (PSI). The PSI for August stood at 51.3, ... More >>
BNZ Weekly Overview, September 17 2009
Friday, 18 September 2009, 4:18 pm | Bank of New Zealand
The NZ dollar has continued its merry way upward this week trading near 71.5 cents this afternoon with support from the same factor we have highlighted for months now – rising risk tolerance around the world. This week the economic data out of the ... More >>
August 27 2009 issue of the BNZ Weekly Overview
Thursday, 27 August 2009, 5:29 pm | Bank of New Zealand
The week has been almost totally bereft of data releases in New Zealand so there is little to write about in the Weekly Overview. Wholesale interest rates are where they were last week while the NZD is slightly higher on the back of firmer investor ... More >>
Closed For Good Is Open For Business!
Tuesday, 25 August 2009, 3:43 pm | Bank of New Zealand
Closed for Good is a unique way for New Zealand communities to get free help with projects. On Wednesday, 4 November, BNZ is closing all our stores and most of our support offices – “for good”. On that day, we won’t be working for BNZ, we’ll ... More >>
July 9 2009 BNZ Weekly Overview
Thursday, 9 July 2009, 3:11 pm | Bank of New Zealand
This week we take a look at a growing number of economic indicators in New Zealand which are getting better. Then we note why extreme caution is still required about the next 12-18 months including continuing uncertainty about the world economy and ... More >>
BNZ Monthly Confidence Survey Results
Tuesday, 7 July 2009, 9:52 am | Bank of New Zealand
Our monthly BNZ Confidence Survey has revealed that a net 15% of respondents feel positive about the economy over the coming year. By historical standards this result is very high. But it is down from 18% in June and 27% in May and in our opinion still ... More >>
BNZ Weekly Overview - June 18 2009
Thursday, 18 June 2009, 5:26 pm | Bank of New Zealand
This week we consider what will happen to oil and petrol prices once the world one day starts humming again, explain to the Reserve Bank again that we banks don’t fund any of our loans at their cash rate, and give a quick overview of the road ahead. More >>
BNZ Weekly Overview - May 21 2009
Friday, 22 May 2009, 1:11 pm | Bank of New Zealand
The NZD has crept back above 60 cents this week with the world increasingly buying into the green shoots theory and acting on it by buying growth and risky assets. This in spite of some truly appalling economic numbers released during the week including ... More >>
BNZ Weekly Overview - May 14 2009
Thursday, 14 May 2009, 5:01 pm | Bank of New Zealand
First of all many thanks to all those who responded to our monthly survey. The results give the most up to date timely measure of business sentiment in NZ and show a huge sigh of relief that the Great Depression scenario has been avoided. More >>
BNZ Confidence Survey Results, May 11 2009
Monday, 11 May 2009, 10:45 am | Bank of New Zealand
Our monthly BNZ Confidence Survey has revealed a substantial improvement in sentiment over the past month. A net 27% of respondents feel the economy will improve over the coming year. This is well up from balanced expectations in April and a net 23% ... More >>
BNZ Weekly Overview April 8 2009
Thursday, 9 April 2009, 1:32 pm | Bank of New Zealand
The NZD has once again ended the week near US 57 cents with an initial rise to near 60 cents early in the week reversed on the back of very weak business hiring and investment intentions revealed in yesterday’s NZIER quarterly survey. The survey ... More >>
BNZ Daily FX Wrap & Strategy 9/3/09
Monday, 9 March 2009, 10:37 am | Bank of New Zealand
The NZD/USD spent Friday night within a familiar 0.5000-0.5100 range. An awful US non-farm payrolls release (jobs fell 651,000 and the unemployment rate rose to 8.1%) triggered a brief bout of USD weakness, which saw NZD/USD push up towards 0.5100. ... More >>
BNZ Daily FX Wrap & Strategy
Tuesday, 24 February 2009, 12:35 pm | Bank of New Zealand
The NZD/USD has spent the past 24 hours consolidating within a 0.5060-0.5200 range. Through the first half of the night, risk appetite and demand for growth sensitive currencies like NZD was bolstered by hopes the US government would provide further ... More >>
February 20, 2009 issue of the BNZ Weekly Overview
Friday, 20 February 2009, 10:14 am | Bank of New Zealand
To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy and its implications in a language they can understand. In this week’s issue... More >>
BNZ Strategist and Models & Technicals
Friday, 13 February 2009, 10:28 am | Bank of New Zealand
Economic Outlook While the New Zealand economy will be battered by the global recession, we don't believe it will be fried by it. In support, substantial amounts of monetary and fiscal ammunition are being fired with great guns. This is happening against ... More >>
February 12 2009 issue of the BNZ Weekly Overview.
Friday, 13 February 2009, 10:09 am | Bank of New Zealand
To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy and its implications in a language they can understand. More >>
BNZ Daily FX Wrap & Strategy - 10 Feb 09
Tuesday, 10 February 2009, 10:38 am | Bank of New Zealand
Improving risk appetite saw NZD/USD surge dramatically higher last night, from around 0.5250 to nearly 0.5450. More >>
BNZ Markets Outlook - Hope versus Reality
Tuesday, 10 February 2009, 10:18 am | Bank of New Zealand
Hope versus Reality - Housing market dynamics remain net negative - Jan's ECT data will test spending hopes, Wednesday - With Friday's December/Q4 retail likely mixed - Thursday's PMI an area of vulnerability - NZ CPI relief foiled by resurging fuel ... More >>
BNZ Daily FX Wrap & Strategy - 9 Feb 2009
Monday, 9 February 2009, 8:59 am | Bank of New Zealand
NZD/USD surged dramatically higher on Friday night, amid improving risk appetite after an abysmal US non-farm payrolls spurred hope that Congress would act quickly to pass Obama's stimulus package. More >>
BNZ Weekly Overview January 29 2009
Friday, 30 January 2009, 10:08 am | Bank of New Zealand
The Reserve Bank generally exceeded market expectations this morning by cutting the official cash rate 1.5% down to 3.5%. Given the strong emphasis the RB placed on the situation offshore and the fact that things internationally continue to deteriorate ... More >>
