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XE Money Transfer - Latest News [Page 1]
NZ Govt Considers Making House Prices Part Of RBNZ Mandate
Tuesday, 24 November 2020, 2:52 pm | XE Money Transfer
The NZ Government is considering adding house prices to RBNZ mandate. New Zealand Finance Minister Robertson says seeking advice on whether to include stability in house prices as a factor in RBNZ's remit while formulating monetary policy If this ... More >>
XE Data Update - NZ 2Q Retail Sales Release
Monday, 24 August 2020, 11:33 am | XE Money Transfer
NZ Retail Sales for 2Q have just been released. They came in not quite as terrible as expected. Real Retail Sales 2Q -14.6% (Consensus -16.3%) This is the biggest drop on record but was not that unexpected due to the COVID-19 lockdown during the period. ... More >>
XE Data Update - RBNZ Official Cash Rate Decision
Wednesday, 12 August 2020, 2:40 pm | XE Money Transfer
The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Increases the LSAP (large scale asset purchase) at NZD$100 billion (this was a larger than expected). Policy ... More >>
XE Data Update
Monday, 10 August 2020, 2:10 pm | XE Money Transfer
NZ Business Confidence The preliminary ANZ Business Confidence & Own Activity Outlook data for July have just been released. The Business Confidence fell further (more negative) : -42.4% vs -31.8% (previous survey) Firms’ Own Activity ... More >>
XE Data Update - NZ Employment Release
Wednesday, 5 August 2020, 11:22 am | XE Money Transfer
The NZ Employment numbers for 2Q have just been released. They came in considerably better than expected: NZ Employment data for 2Q was: - Employment (Q/Q) -0.4% (consensus -2.0%) - Employment (Y/Y) +1.2% (consensus -1.2%) - Unemployment Rate 4.0% (consensus ... More >>
XE Data Update - RBNZ Official Cash Rate Decision
Wednesday, 24 June 2020, 2:30 pm | XE Money Transfer
The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More >>
XE Data Update - NZ 1Q GDP Release
Thursday, 18 June 2020, 1:05 pm | XE Money Transfer
The COVID-19 triggered 1.6% fall in quarterly GDP is the largest drop in 29 years. Widespread reduction in economic activity, particularly in the service, construction and travel sectors were the primary drivers for the negative GDP result. More >>
XE Data Update - NZ Business Confidence Release
Thursday, 28 May 2020, 1:10 pm | XE Money Transfer
The final ANZ Business Confidence & Own Activity Outlook data for May have just been released. The Business Confidence for May jumped sharply (less negative) : -41.8% vs -66.6% (previous survey) Firms’ Own Activity Outlook for ... More >>
XE Morning Update - Todd Muller New Leader Of The National Party
Friday, 22 May 2020, 1:16 pm | XE Money Transfer
It has been reported that Simon Bridges has lost the National Party leadership vote to Todd Muller . Auckland Central MP, Nikki Kaye, as been elected as his deputy. New separate news, NZ Finance Minister Grant Robertson has said : They are considering ... More >>
XE Data Update - NZ 1Q Producer Price Index
Tuesday, 19 May 2020, 11:04 am | XE Money Transfer
The NZ 1Q Producers Price Index (PPI) for has just been released. The PPI came in fell compared with the previous quarter. NZ PPI 1Q (compared with 4Q): PPI Inputs -0.3% (4Q was +0.1%) PPI Outputs 0.1% (4Q was +0.4%) There were no consensus forecasts ... More >>
NZ 'Covid Response & Recovery' Budget Release
Thursday, 14 May 2020, 2:42 pm | XE Money Transfer
If last year’s NZ Budget was the “wellbeing budget,” I guess the 2020 budget should be coined something like the “Covid response & recovery budget.” The key highlight is net debt is forecast to surge to 53.6% of GDP by 2023 – big ... More >>
XE Data Update - RBNZ Official Cash Rate Decision - NZD Lower
Wednesday, 13 May 2020, 2:22 pm | XE Money Transfer
The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR at 0.25% See the OCR at 0.25% in September 2020 To significantly increase Large Scale Asset Purchase (LSAP) of Government Bonds ... More >>
XE Data Update - NZ 1Q Employment Released
Wednesday, 6 May 2020, 11:23 am | XE Money Transfer
The NZ Employment numbers for 1Q have just been released. They came in better than expected: NZ Employment data for 1Q was: - Employment (Q/Q) 0.7% (consensus -0.3%) - Employment (Y/Y) 1.6% (consensus 0.7%) - Unemployment Rate 4.2% (consensus 4.4%) ... More >>
RBNZ Is Proposing The Removal Of Mortgage Loan-to-value Ratio (LVR)
Tuesday, 21 April 2020, 10:33 am | XE Money Transfer
The Reserve Bank of New Zealand is proposing the removal of mortgage loan-to-value ratio (LVR) restrictions in line with the Bank’s financial stability mandate , the central bank says in a statement on its website. The key points mentioned are: ... More >>
XE Data Update - NZ 1Q Consumer Price Index Release
Monday, 20 April 2020, 11:18 am | XE Money Transfer
The NZ Consumer Price Index (CPI) for 1Q has just been released. The CPI came in considerably higher than expected . NZ CPI 1Q/Annual: Headline 1Q CPI +0.8% / +2.5% Consensus 0.4% / +2.1% Non-tradables CPI +1.4% / +3.4% versus previous quarter / ... More >>
XE Data Update - RBNZ Governor & Assistant Governor Speaking Before Parliamentary Committee
Thursday, 16 April 2020, 12:43 pm | XE Money Transfer
RBNZ Governor Adrian Orr & Assistant Governor Christian Hawkesby have been speaking before a parliamentary committee. Their key points are: Monetary policy can only soften the blow from covid-19 Banks entered the pandemic in a strong position ... More >>
XE Data Update - NZ Must Take Opportunity To Reset Economy, Finance Minister Says
Wednesday, 15 April 2020, 2:56 pm | XE Money Transfer
New Zealand Finance Minister Grant Robertson speech notes on the NZ economy were released in emailed statement. His key points are: Actively working on what comes after the wage subsidy scheme, assessing what further backing businesses and households ... More >>
XE Data Update - NZ Treasury Releases Economic Scenarios For Lockdown
Tuesday, 14 April 2020, 9:48 am | XE Money Transfer
The New Zealand Treasury released its economic scenarios for lockdown. The key points are: The pandemic is a ‘once in a century’ public health shock having a profound impact on economic and financial systems around the world and in New Zealand. There ... More >>
XE Data Update - NZ Government’s Multi-Billion Fiscal Stimulus Package Announcement
Tuesday, 17 March 2020, 2:15 pm | XE Money Transfer
The NZ Government’s multi-billion fiscal stimulus package has just been announced. The key points are: New Zealand announces NZ$12.1 billion economic package in response to covid-19 Economic package accounts for 4% of GDP, larger than response to global ... More >>
XE Data Update - US Fed Cuts Interest Rates To Near Zero
Monday, 16 March 2020, 10:25 am | XE Money Transfer
The US Federal Reserve cut is benchmark rate by a 1.00% to near zero and will boost its bond holdings by USD$700 billion Key points in their statement are: Fed cuts interest rates to near zero in response to coronavirus crisis, risks to economic ... More >>
