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Westpac Weekly Insight: Change at the Top

An impending change at the top for the RBNZ suggests no action on interest rates before December, while a construction boom and pickup in the housing market will eventually help to lift the local economy. Chief Economist Dominick Stephens presents economic insights in this bite-sized weekly video

Report Card from US Treasury Secretary

[PREMIUM] This is a critical year for financial reform, the US Treasury Secretary Timothy Geithner said in Washington this week. ...

RCG Review: Selective 'rules'?

We are now on the cusp of a new year really starting. We say “cusp” as with a Waitangi day holiday still to come the holiday season will really only finish next week. ...

Dip coming in Asia

Westpac today released its latest Economic Overview, setting out forecasts for the New Zealand and global economies and couched the likely outcome as 'a dip rather than a disaster.' ...

NZ Can Weather the Shocks

The European sovereign debt crisis and Canterbury earthquakes were two bad jolts to the New Zealand economy in 2011, but the economy and financial system have the capacity to weather such shocks, Reserve Bank Governor Alan Bollard said yesterday. ...

Reserve Bank decision 'pushes out rate hikes'

The Reserve Bank has implicitly pushed out the expected timing of rate hikes, beyond the June start date that was projected in the December Monetary Policy Statement, says Dominick Stephens, chief economist at Westpac. ...

Retail Week with RCG

[PREMIUM] So much has happened of interest in the past week that we have to be disciplined to ensure we don’t overdo this introduction. ...

Westpac Weekly Insight - Inflation falling

Chief Economist Dominick Stephens presents economic insights in this bite-sized weekly video. Inflation is falling thanks to the strong exchange rate. The Reserve Bank will be pretty comfortable and may delay OCR hikes, but not indefinitely. ...

Blame the tomatoes, says HSBC

[PREMIUM] Kiwi inflation came in well below expectations, falling by -0.3% in Q411, to be only 1.8% higher over the year (market had +0.4% q-o-q and +2.6% y-o-y). HSBC asks whether this means interest rates should fall... ...

Savings time bomb ahead warns ANZ

ANZ New Zealand is calling for a change to the terms and conditions that govern the default KiwiSaver provider schemes to prevent a potential $14 billion retirement savings time bomb, as savers continue to be enrolled in conservative funds through the default scheme investment options ...

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Mediation update by Bathurst

Bathurst Resources says a productive day of mediation talks was held on Monday between Buller Coal Ltd, the Fairdown-Whareatea Residents Association (the "Residents Association"), Royal Forest & Bird Protection Society, Buller District Council and the ...