This Month
Feud over Australian banks a factor in RBNZ governor’s abrupt exit
Adrian Orr had been concerned that in the event of a financial calamity, Australian lenders – by far the dominant banks in New Zealand – would retreat back home.
NZ Reserve Bank governor resigns as nation tries to shake off recession
The Reserve Bank of New Zealand was unable to explain why Adrian Orr abruptly quit on Wednesday in Wellington with three years still to run in his second five-year term.
February
Bullock concedes RBA too slow to raise rates against inflation
The Reserve Bank governor said one of the reasons the board cut the cash rate this week was because it did not want to be too late to act again.
Kiwibank issues RFP for $NZ500 million capital raising
Deal teams will be competing for a dual role advising the Treasury Department and the bank’s parent company, Kiwi Group Capital, in a two-stage process.
December 2024
Traders dial up bets for February RBA rate cut
Money markets are slowly dialling up expectations for an early cut from the Reserve Bank in 2025. It’s a different story for New Zealand, which is now in a recession.
November 2024
Here’s what the RBA might do after RBNZ’s latest cut
The Reserve Bank of New Zealand cut its benchmark to 4.25 per cent, bringing it under the Australian rate for the first time in a decade.
Inflation holds at 2.1pc; Biden confirms ceasefire; 15 ASX tech stars
Read everything that’s happened in the news so far today.
ASX to rise as bitcoin nears $US100,000 for the first time
The S&P/ASX 200 Index will extend a record run following Donald Trump’s appointment of crypto enthusiast Scott Bessent as US Treasury secretary over the weekend.
Who is the most aggressive rate-cutter in the world?
Traders give a one-in-five chance the Reserve Bank of New Zealand will slash rates by a hefty 0.75 percentage points next week due to a worsening economy.
October 2024
Australia’s world-beating jobs market to keep interest rates high
Economists say Australia has one of the strongest jobs markets in the world after employment growth hit a 16-month high.
New Zealand tipped to slash rates the most since COVID-19
More economists are calling for the cash rate to be cut by 0.75 percentage points next month to stop the rapid economic slowdown.
Markets bet on drastic cuts after NZ slashes rates
The kiwi hit a seven-week low after New Zealand’s jumbo rate cut, but Citi is tipping the RBNZ could go another 75 basis points next month to arrest slowing growth.
August 2024
NZ gloom weighs on ASX-listed companies
Earnings season has revealed how tough conditions are in New Zealand. The question is what that means for Australia.
Resilient corporate profits are masking the ASX’s shaky foundations
Earnings season reveals local groups are performing better than expected. Weakness in China and a fall in Commonwealth Bank’s share price could undo the gains.
New Zealand cuts rates in a rapid change of tune
The RBNZ’s pivot to easing is a dramatic shift after it said in May it considered raising rates and wouldn’t cut them until the second half of 2025.
Rapid rate cuts expected in New Zealand as economy teeters
The kiwi tumbles against both Australian and US dollar after the NZ Reserve Bank cut rates and tips the economy will fall back into recession in 2024.
CBA breaks from the pack; ASIC sues ASX Ltd; AGL profits surge
Read everything that’s happened in the news so far today.
ASX to rise as earning season sheds light on health of economy
Traders will also look at unemployment figures to be released this week as an indicator of whether the Reserve Bank is preparing to cut – or raise – rates.
RBA to hold rates steady as inflation gets closer to target
The central bank is expected to oversee a “straightforward” meeting this week, after last week’s inflation result took the heat out of tightening fears.
July 2024
New Zealand inflation slows to three-year low
Three of the country’s main banks brought forward forecasts for RBNZ rate cuts after the inflation report.