Scoop has an Ethical Paywall
BNZ Weekly Overview 31 August
Welcome to the August 31 edition of the BNZ Weekly Overview.
The main development over the past week has been a strong rise in the New Zealand dollar to just over 65 US cents. This has come on the back of overseas investors chasing the good yields available in New Zealand amidst growing expectations that US interest rates will be slowly edging lower over the next couple of years. The rising New Zealand dollar plus recent fall in petrol prices should easily prevent the Reserve Bank from raising its official cash rate again this cycle with the next review due on September 14.
ENDS
See... BNZ Weekly Overview 31 August
Advertisement - scroll to continue reading
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
University of Auckland: Protecting Young Minds With AI
Greenpeace: Greenpeace Calls On Fonterra Investors To Consider Big Picture With Giant Puzzle
