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Kiwi firmer ahead of jobs data, despite govt concerns

Kiwi firmer ahead of jobs data, despite govt concerns
Wellington, Aug 5 NZPA - The New Zealand dollar was firmer ahead of the latest household labour force survey figures being released this morning, despite the Government expressing renewed concerns about the strong kiwi hindering economic recovery.

Cash rate lifted to 3 percent, but caution knocks currency

Cash rate lifted to 3 percent, but caution knocks currency
Wellington, July 29 NZPA - The Reserve Bank of New Zealand (RBNZ) lifted the official cash rate (OCR) 25 basis points to 3 percent but caught financial markets on the hop by hinting it may pause in future due to the weakness of the recovery.

NZ inflation rises 0.3 percent in June quarter

Wellington, July 16 NZPA - The consumer price index (CPI) rose a smaller than expected 0.3 percent in the June quarter, giving an annual rate of 1.8 percent.

Chinese ratings agency ranks NZ highly for good credit risk

By Michael Daly of NZPA Wellington, July 14 NZPA - A Chinese firm trying to compete with the big three ratings agencies has ranked New Zealand seventh best credit risk in a list of 50 countries.

NZ dollar buoyed by share rallies ahead of RB statement

NZ dollar buoyed by share rallies ahead of RB statement
Wellington, June 10 NZPA - The New Zealand dollar climbed overnight, buoyed by overseas stock market rallies, while the currency market here awaited direction on interest rates from the Reserve Bank of New Zealand (RBNZ) this morning.

NZ dollar tumbles on European woes

NZ dollar tumbles on European woes
Wellington, May 21 NZPA - The New Zealand dollar continued its downward slide against most major currencies overnight as worries over the euro spooked investors back to the safe haven currencies of the US dollar and Japanese yen.

NZ dollar hit by short selling ban and rumours

NZ dollar hit by short selling ban and rumours
Wellington, May 20 NZPA - Turmoil in Europe overnight has seen the New Zealand dollar tumble against a number of currencies.

OCR unchanged at 2.5 percent

OCR unchanged at 2.5 percent
Wellington, April 29 NZPA - Most economists are picking the official cash rate (OCR) to start rising in June or July, after the Reserve Bank today left the rate unchanged at the 2.5 percent where it has been for the past year.

Reserve Bank Keeps On Same Track

Reserve Bank Keeps On Same Track
Wellington, March 11 NZPA - The Reserve Bank left the official cash rate (OCR) unchanged at a record low 2.5 percent, but economists noted it is no longer "comfortable" with the inflation outlook.

NZ Dollar Has Bumpy Ride On European Roads

NZ Dollar Has Bumpy Ride On European Roads
Wellington, Jan 29 NZPA - The New Zealand dollar traded in a bumpy US1 cent range overnight as Europe captured market attention.