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Thursday November 24 2016
New Zealand Trade Deficit Narrows 6.4% YoY in October  
New Zealand posted a trade gap of NZD 846 million in October of 2016, compared to a NZD 904 million deficit a year earlier and better than market expectations of NZD 950 million shortfall. It was the smallest gap recorded since July when the trade balance swung into deficit. Exports went up by 2.2 percent, due to higher sales of dairies. Imports rose by 0.2 percent, led by increase in purchase of capital goods.
Thursday November 10 2016
New Zealand Cuts Key Rate to 1.75%  
The Reserve Bank of New Zealand lowered its official cash rate by 25 basis points to a fresh record low of 1.75 percent in November of 2016. The decision was widely expected by markets. Policymakers said the New Zealand dollar is high and inflation remains below the midpoint target of 2 percent.
Tuesday November 01 2016
New Zealand Jobless Rate Falls to Nearly 8-Year Low in Q3  
New Zealand's unemployment rate fell to 4.9 percent in the third quarter of 2016 from a downwardly revised 5.0 percent in the previous quarter, better than market expectations of 5.1 percent. It was the lowest unemployment rate since the December 2008 quarter, as the number of unemployed declined by 2.2 percent while employment grew by 1.4 percent.
Wednesday October 26 2016
New Zealand Trade Gap Hits Record High in September  
New Zealand trade deficit widened to NZD 1436 million trade deficit in September of 2016, compared to a NZD 1140 million shortfall a year earlier and above market expectations of NZD 1125 million gap. It was the biggest trade gap since the series started in 1951. Exports dropped by 5.7 percent, led by lower sales of meat and edible offal. Imports rose by 1.8 percent, driven by a growth in purchase of capital goods.
Monday October 17 2016
New Zealand Inflation Rate Eases to 0.2% in Q3  
Consumer prices in New Zealand increased 0.2 percent year-on-year in the third quarter of 2016, easing from a 0.4 percent rise in each of the previous two quarters and above market estimates of 0.1 percent. Housing-related prices made the biggest upward contribution, partially offset by a fall in transport cost.
Monday September 26 2016
New Zealand Trade Gap Widens 16% YoY in August  
New Zealand posted a NZD 1265 million trade deficit in August of 2016, compared to a NZD 1090 million shortfall a year earlier and missing market expectations of NZD 766 million gap. Exports dropped by 8.7 percent, led by lower sales of milk powder, butter, and cheese. Imports fell by 3.1 percent, driven by a cut in purchase of capital goods.
Wednesday September 21 2016
New Zealand Leaves Key Rate Unchanged at 2%  
The Reserve Bank of New Zealand left its official cash rate steady at 2 percent at its September 2016 meeting. Policymakers said the New Zealand dollar is high and inflation remains below target so further policy easing will be required. The decision was widely expected by markets and follows a 25bps cut in August.
Thursday September 15 2016
New Zealand GDP Advances 0.9% QoQ in Q2  
New Zealand economy expanded a seasonally adjusted 0.9 percent in the second quarter of 2016, following an upwardly revised 0.9 percent gain the in previous quarter and missing market expectations of a 1.1 percent growth. Construction and services drove the expansion while mining contracted for the third quarter.
Wednesday September 14 2016
New Zealand GDP Advances 0.9% QoQ in Q2  
New Zealand economy expanded a seasonally adjusted 0.9 percent in the second quarter of 2016, following an upwardly revised 0.9 percent gain the in previous quarter and missing market expectations of a 1.1 percent growth, driven by construction and services sector.
Wednesday September 14 2016
New Zealand GDP Advances 0.9% QoQ in Q2  
New Zealand economy expanded a seasonally adjusted 0.9 percent in the second quarter of 2016, following an upwardly revised 0.9 percent gain the in previous quarter and missing market expectations of a 1.1 percent growth, driven by construction and services sector.
Wednesday August 24 2016
New Zealand Trade Deficit Narrows 40.7% YoY in July  
New Zealand reported a NZD 433 million trade gap in July of 2016, compared to a NZD 730 million deficit a year earlier and above market expectations of NZD 320 million shortfall. Exports fell 4.9 percent, driven by lower sales of meat and edible offal, milk powder and fruits. Imports also declined by 10 percent, mainly due to intermediate goods.
Wednesday August 17 2016
New Zealand Unemployment Rate Down to 5.1% in Q2  
The jobless rate in New Zealand fell to 5.1 percent in the second quarter of 2016 from a downwardly revised 5.2 percent in the previous period and below market expectations of 5.3 percent. Employment increased by 2.4 percent, partially reflecting improvements to the Household Labour Force Survey, including better identification of self-employed people.
Wednesday August 10 2016
New Zealand Cuts Official Cash Rate to 2%  
The Reserve Bank of New Zealand lowered its official cash rate by 25bps to 2 percent in August, saying the strong New Zealand dollar is adding further pressure to the export and import-competing sectors and, together with low global inflation, is causing negative inflation in the tradables sector. Policymakers also said further policy easing will be required to bring inflation back to target.
Tuesday July 26 2016
New Zealand Trade Balance Swings to Surplus in June  
New Zealand reported a NZD 127 million trade surplus in June of 2016, compared to a NZD 182 million deficit a year earlier. Exports rose 2.6 percent, boosted by a 47 percent jump in kiwifruit sales mainly to China and Japan while imports slumped 4.6 percent, mainly due to intermediate goods.
Wednesday July 20 2016
RBNZ Says Further Policy Easing Will be Required  
The Reserve Bank of New Zealand reiterated that its monetary policy will continue to be accommodative and that further rate cuts were to come as short-term inflation expectations remain low, a statement from the last RBNZ's economic update showed.
Monday July 18 2016
New Zealand Inflation Rate Steady at 0.4% in Q2  
Consumer prices in New Zealand rose 0.4 percent year-on-year in the June quarter of 2016, the same as in the previous period and lower than market expectations of a 0.5 percent increase. Prices went up for newly built houses, excluding land and rentals for housing while lower prices for transport made the main downward contribution.
Monday June 27 2016
New Zealand Trade Surplus Narrows Slightly in May  
New Zealand trade balance recorded a NZD 358 million trade surplus in May of 2016, slightly lower than a NZD 367 million surplus a year earlier but higher than market expectations of NZD 164 million. Imports were up 5.7 percent year-on-year, the most in four months, boosted by consumption goods while exports increased at a slightly slower 5.1 percent.
Thursday June 16 2016
New Zealand GDP Growth Beats Expectations in Q1  
New Zealand economy advanced a seasonally adjusted 0.7 percent in the three months to March of 2016, following 0.9 percent expansion in the previous period and above market expectations of a 0.5 percent increase. The latest growth was driven by the construction and health industries, but partly offset by decreases in the primary industries and manufacturing. Year-on-year, the economy expanded 2.8 percent.
Thursday June 09 2016
New Zealand Keeps Cash Rate Unchanged at 2.25%  
The Reserve Bank of New Zealand left its official cash rate on hold at 2.25 percent for the second straight meeting in June, saying short-term inflation expectations have stabilised due to modest recovery in commodity prices. Policymakers, however, continued to show concerns over weak global growth while saying further policy easing may be required to bring inflation back to target.
Wednesday May 25 2016
New Zealand Posts 4th Straight Trade Surplus  
New Zealand trade balance recorded a NZD 292 million trade surplus in April of 2016, higher than a NZD 184 million surplus a year earlier and above market expectations of NZD 60 million. Exports went up 4 percent year-on-year as fruits offset a fall in dairy sales and imports increased at a slower 1.5 percent.
Wednesday May 04 2016
New Zealand Unemployment Rate Up to 5.7%  
The jobless rate in New Zealand rose to 5.7 percent in the first three months of 2016 from an upwardly revised 5.4 percent in the previous quarter. However, the labour force went up 1.5 percent, the largest quarterly increase since 2004, resulting in more people both employed and unemployed.
Wednesday April 27 2016
New Zealand Holds Key Rate at 2.25%  
The central bank of New Zealand kept benchmark interest rate unchanged at 2.25 percent at its April 27th meeting, as widely expected. Policymakers remained concerned over uncertainties around the global growth and financial markets outlook, weakness in the dairy sector, the decline in inflation expectations, the possibility of continued high net immigration, and pressures in the housing market. Further policy easing may be required to ensure that future average inflation settles near the middle of the target range.
Wednesday April 27 2016
New Zealand Trade Surplus Narrows in March  
New Zealand trade surplus decreased to NZD 117 million in March of 2016 compared to a NZD 661 million surplus a year earlier and below market expectations of NZD 476 million surplus. Exports fell 14 percent on the year, due to the lower sales of milk powder, butter and cheese while imports went down at a slower 3.7 percent mainly due to purchases of capital goods.
Sunday April 17 2016
New Zealand Inflation Rate Matches Expectations  
Consumer prices in New Zealand increased 0.4 percent year-on-year in the first three months of 2016, accelerating from a 0.1 percent rise in the previous quarter. Figures came in line with forecasts, due to higher housing cost.
Wednesday March 23 2016
New Zealand Trade Surplus Beats Forecast  
New Zealand trade surplus increased to NZD 339 million in February of 2016 compared to a NZD 84 million surplus a year earlier and beating market consensus of NZD 50 million surplus. Exports rose 9.3 percent on the year, led by higher sales of fish and wine, while imports went up at a slower 2.8 percent mainly due to purchases of consumption goods.
Wednesday March 16 2016
New Zealand GDP Growth Steady at 0.9% in Q4  
New Zealand economy expanded a seasonally adjusted 0.9 percent in the three months to December of 2015, the same pace in the previous quarter and beating market expectations of a 0.6 percent growth, boosted by services and construction.
Wednesday March 09 2016
New Zealand Cuts Cash Rate to 2.25%  
The central bank of New Zealand cut its official cash rate by 25bps to 2.25 percent at its March 2016 meeting. It is the first cut this year, citing many risks to the outlook, including uncertainties over global growth, particularly around China, the outlook for global financial markets, weakness in the dairy sector, the decline in inflation expectations, the possibility of continued high net immigration, and pressures in the housing market.
Thursday February 25 2016
New Zealand Trade Surplus Narrows in January  
New Zealand trade surplus decreased to NZD 8 million in January of 2016 compared to a NZD 52 million surplus a year earlier, as exports rose 5.9 percent, led by higher sales of milk powder, butter, cheese and cherries, while imports went up at a faster 7.2 percent mainly due to purchases of intermediate and consumption goods. Economists had forecast a NZD 246 million gap.
Tuesday February 02 2016
New Zealand Jobless Rate at Near 7-Year Low in Q4  
New Zealand unemployment rate fell to 5.3 percent in the three months to December of 2015, from 6.0 percent in the previous period, well below market forecast of 6.1 percent. It was the lowest rate since March of 2009, as the number of unemployed went down by 10.9 percent while employment increased by 0.9 percent.
Wednesday January 27 2016
New Zealand Trade Gap Narrows in December  
New Zealand trade deficit decreased to NZD 53 million in December of 2015, compared to a NZD 200 million gap a year earlier, as exports rose by 0.6 percent led by logs and wine, while imports declined by 2.6 percent. For the whole of 2015, trade gap increased to NZD 3.55 billion compared to NZD 1.20 billion in 2014 and hitting its highest deficit since 2008.
Wednesday January 27 2016
New Zealand Leaves Cash Rate Unchanged  
The Reserve Bank of New Zealand kept its Official Cash Rate on hold at 2.50 percent at its first policy meeting of the year, as widely expected, saying inflation expectations remain stable. Policymakers, however, continued to show concerns about weaker growth among emerging markets and lower commodities prices while saying the bank was ready to cut its benchmark interest rate during next year if necessary.
Tuesday January 19 2016
New Zealand Inflation Rate Lowest Since 1999  
Consumer prices in New Zealand increased by 0.1 percent year-on-year in the fourth quarter of 2015, slowing from a 0.4 percent growth in the previous period and missing market expectations. It was the lowest level since the third quarter of 1999 mainly due to lower petrol prices.
Tuesday December 22 2015
New Zealand Trade Gap Widens in November  
New Zealand trade deficit increased to NZD 779 million in November of 2015, compared to a NZD 283 million gap a year earlier, as exports rose 1.0 percent, led by meat and edible offal, while imports went up at a faster 12 percent, driven by capital goods.
Wednesday December 16 2015
New Zealand GDP Expands 0.9% in Q3  
New Zealand economy advanced a seasonally adjusted 0.9 percent in the three months to September of 2015, following a downwardly revised 0.3 percent growth in the previous quarter and beating market expectations of 0.8 percent. It was the highest level since the third quarter of 2014, driven by growth in the service industries and manufacturing.
Wednesday December 09 2015
New Zealand Lowers Key Rate to 2.5%  
The Reserve Bank of New Zealand cut its key rate by 25 basis points to 2.5 percent in December, as policymakers voiced concern about softer economic growth and weak inflation rate, despite highly stimulatory monetary conditions. The bank also said it was ready to cut its benchmark interest rate further if necessary. The decision was widely expected by markets.
Wednesday November 25 2015
New Zealand Trade Gap Widens 8% in October  
New Zealand trade deficit increased to NZD 963 million in October of 2015, compared to a NZD 892 million gap a year earlier, as exports fell 4.5 percent, led by milk powder, while imports declined at a slower 2.2 percent.
Tuesday November 03 2015
New Zealand Jobless Rate Rises to 6% in Q3  
New Zealand unemployment rate edged up to 6 percent in the three months to September, from 5.9 percent in the previous period. It was the highest rate since the first quarter of 2014, as the number of unemployed went up by 2 percent while employment declined for the first time in three years by 0.4 percent.
Wednesday October 28 2015
New Zealand Leaves Monetary Policy Unchanged  
The Reserve Bank of New Zealand left its key rate on hold at 2.75 percent in October as widely expected, but said some further reduction seems likely, depending on the emerging flow of economic data.
Monday October 26 2015
New Zealand Trade Deficit Narrows Slightly  
New Zealand trade gap decreased to NZD 1.2 billion in September of 2015, compared to a NZD 1.3 billion deficit a year earlier, mainly due to a fall in aircraft imports.
Thursday October 15 2015
New Zealand Inflation Rate Steady at 0.4% in Q3  
Consumer prices in New Zealand increased by 0.4 percent year-on-year in the third quarter of 2015, the same pace as in the previous period and above market expectations of 0.3 percent growth. The annual increase was influenced by higher housing-related cost, while lower petrol prices were the main downward contributor.
Thursday September 24 2015
New Zealand Trade Deficit Widens to 11-Month High  
New Zealand trade gap increased to NZD 1035 million in August of 2015, up from a NZD 465 million deficit a year earlier. While exports expanded by 5.6 percent, imports rose at a much faster 19 percent.
Thursday September 17 2015
New Zealand GDP Growth Below Expectations  
The New Zealand economy advanced 0.4 percent on quarter in the three months to June of 2015, up from a 0.2 percent expansion in the first quarter but missing market expectations. While the agricultural sector and mining rebounded, a slowdown in construction and falls in transportation and manufacturing dragged growth down.
Wednesday September 09 2015
New Zealand Cuts Cash Rate to 2.75%  
Reserve Bank of New Zealand lowered its benchmark interest rate for the third straight meeting by 25 bps to 2.75 percent in September. Policymakers signalled further rate cuts seem likely as the economy is softnening and inflation remains below target.
Wednesday August 26 2015
New Zealand Trade Deficit Narrows in July  
New Zealand trade gap shrank to NZD 649 million in July of 2015, down from a NZD 943 million deficit a year earlier. While exports expanded by 14 percent, imports rose at a slower 4.8 percent.
Wednesday August 05 2015
New Zealand Jobless Rate Rises to 5.9% in Q2  
In the second quarter of 2015, New Zealand jobless rate increased to 5.9 percent, while the labour force participation rate fell 0.2 percentage points to 69.3 percent.
Friday July 24 2015
New Zealand Posts Trade Deficit in June  
New Zealand trade balance swung into a NZD 60 million deficit in June of 2015 from a 240 NZD million surplus a year earlier. It is the first deficit for a June month since 2009, due to a surge in imports from China.
Thursday July 23 2015
New Zealand Lowers Key Rate to 3%  
Reserve Bank of New Zealand lowered its benchmark cash rate by 25bps to 3 percent in July as widely expected. It is the second consecutive cut as the growth outlook has softened while inflation remains below target. Yet, policymakers signalled further rate cuts seem likely.
Thursday July 16 2015
New Zealand Inflation Rate Rises to 0.3% in Q2  
Consumer prices in New Zealand increased 0.3 percent year-on-year in the second quarter of 2015, up from 0.1 percent in the previous period mostly due to rise in housing-related cost and cigarettes and tobacco.
Friday June 26 2015
New Zealand Trade Surplus Widens in May  
New Zealand trade surplus increased to NZD 350 million in May of 2015, up from a NZD 265 million surplus a year earlier. While exports fell 4.7 percent, imports decreased at a faster 7 percent.
Thursday June 18 2015
New Zealand GDP Growth Slows in Q1  
New Zealand economy expanded a seasonally adjusted 0.2 percent in the first quarter of 2015, following a 0.8 percent growth in the previous quarter, as primary industries showed the largest contraction since September 2010.
Wednesday June 10 2015
New Zealand Cuts Cash Rate to 3.25%  
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 25 basis points to 3.25 percent on June 11th. It is the first cut in more than four years to support income and demand weakened by lower dairy prices and recent rise in petrol cost.
Monday May 25 2015
New Zealand Trade Surplus Narrows in April  
The trade surplus was NZD 123 million in April of 2015, down from a NZD 467 million surplus a year earlier due to a fall in exports. The value of whole milk powder sent to China in April 2015 was a fifth of the April 2014 value while volumes fell a third.
Wednesday May 06 2015
New Zealand Unemployment Rate Unchanged in Q1  
In the first quarter of 2015, New Zealand jobless rate remained unchanged at 5.8 percent, while the labour force participation rate reached an all-time high of 69.6 percent.
Wednesday April 29 2015
New Zealand Leaves Rates on Hold  
The Reserve Bank of New Zealand left the cash rate on hold at 3.5 percent in April, saying it is watching closely the impact on tradables inflation from global forces and the high New Zealand dollar.
Wednesday April 29 2015
New Zealand Trade Surplus Narrows in March  
New Zealand trade surplus shrank to NZD 631 million in March of 2015 from a NZD 904 million surplus a year earlier, due to a sharp fall in exports to China. Yet, it is the third consecutive monthly surplus and the highest in a year.
Monday April 20 2015
New Zealand Inflation Rate at 15-Year Low  
Consumer prices in New Zealand increased 0.1 percent year-on-year in the first quarter of 2015, down from 0.8 percent in the previous period due to lower petrol cost. It is the smallest rate since the September 1999 quarter, when prices decreased 0.5 percent.
Tuesday March 24 2015
New Zealand Reports NZD50 Million Trade Surplus in February  
New Zealand posted a small trade surplus of $50 million in February, down from the surplus of $797 million in the same month previous year as exports fell 13 percent and imports rose 3.7 percent.
Thursday March 19 2015
New Zealand's Economy Grew Slightly More than Expected in Q4  
New Zealand's GDP rose a seasonally adjusted 0.8 percent in the last quarter of 2014, following a revised 0.9 percent expansion in the previous quarter, boosted by spending from international tourists.
Wednesday March 11 2015
New Zealand Leaves Monetary Policy Unchanged  
The Reserve Bank of New Zealand left the official cash rate unchanged at 3.5 percent on March 11th as widely expected.
Wednesday February 25 2015
New Zealand Posts First Trade Surplus in 7 months  
New Zealand trade surplus narrowed to NZD 56 million in January of 2015 from NZD 285 million in the same period of 2014, mainly due lower milk powder prices. It is the lowest trade surplus value since May of 2013.
Tuesday February 03 2015
New Zealand Jobless Rate Rises to 5.7% in Q4  
New Zealand unemployment rate increased to 5.7 percent in the December 2014 quarter, while the labour force participation rate reached a record 69.7 percent.
Wednesday January 28 2015
New Zealand Posts First December Trade Deficit since 2010  
New Zealand recorded a NZD 159 million trade gap in December of 2014, following a NZD 492.25 million surplus a year earlier, as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports.
Wednesday January 28 2015
RBNZ Keeps Interest Rate Unchanged at 3.5%  
The Reserve Bank of New Zealand left the official cash rate unchanged at 3.5 percent on January 28th.
Tuesday January 20 2015
New Zealand Annual Inflation Rate Declines to 0.8%  
The CPI increased 0.8 percent in the year to the December 2014 quarter, compared to 1 percent rise in the previous three month period. This is the smallest annual rise since the June 2013 quarter.
Monday December 22 2014
New Zealand Posts Trade Deficit in November  
New Zealand recorded a NZD 213 million trade gap in November of 2014, following a NZD 153 billion surplus a year earlier, due to lower exports to China. Yet, it is the smallest November deficit since 2010.
Thursday December 18 2014
New Zealand GDP Expands More than Expected in Q3  
New Zealand economy grew a seasonally adjusted 1 percent from June to September period, up from 0.7 percent expansion reported in the previous three month period driven by gains in agriculture and mining.
Wednesday December 10 2014
New Zealand Leaves Monetary Policy Unchanged  
The Reserve Bank of New Zealand left the official cash rate on hold at 3.5 percent at its December 10th meeting, as widely expected, citing softer growth, low inflation pressures and global uncertainty. Yet, policymakers said that further rate hikes would be needed at a later stage.
Thursday November 27 2014
New Zealand Trade Deficit Widens in October  
New Zealand's trade gap increased to NZD 908 million in October of 2014 from a NZD 169 million shortfall a year earlier. It is the largest October deficit since 2008, as exports to China fell sharply and imports of capital goods increased.
Tuesday November 04 2014
New Zealand Unemployment Rate Falls in Q3  
New Zealand jobless rate decreased to 5.4 percent in the third quarter of 2014 from 5.6 percent in the previous period. It is the lowest rate in more than five years.
Wednesday October 29 2014
New Zealand Leaves Rate on Hold  
The Reserve Bank of New Zealand left the official cash rate unchanged at 3.5 percent at its October meeting as widely expected, saying the economy is adjusting to previous monetary policy tightening.
Thursday October 23 2014
New Zealand Trade Deficit Widens on Rising Imports  
New Zealand's trade gap increased to NZD 1350 million in September of 2014 from a NZD 221 million shortfall a year earlier. Exports to China decreased sharply and imports jumped on aircraft purchases.
Wednesday October 22 2014
New Zealand Inflation Rate Decreases to 1% in Q3  
The CPI increased 1.0 percent year-on-year in the third quarter of 2014, after rising 1.6 percent in the previous period. It is the lowest rate in five quarters due to a fall in transport and food prices.
Wednesday September 24 2014
New Zealand Trade Deficit Narrows in August  
New Zealand's trade gap decreased to NZD 472 million in August of 2014 from a NZD 1236 million shortfall a year earlier. It is the smallest trade deficit for an August month since 2010, as cattle, milk fat, and cheese contributed to the rise in exports.
Thursday September 18 2014
New Zealand GDP Growth Beats Expectations in Q2  
The New Zealand economy advanced at a seasonally adjusted 0.7 percent in the second quarter of 2014, slowing from a 1 percent expansion in the previous period but beating market expectations. Services made up about two-thirds of the economy and the biggest increases were in industries that include advertising, employment services, and software development.
Wednesday September 10 2014
New Zealand Leaves Monetary Policy Unchanged  
At its September meeting, Reserve Bank of New Zealand left the official cash rate unchanged at 3.5 percent, aiming to better assess the moderating effects of the recent policy tightening and export price reductions.
Tuesday August 26 2014
New Zealand Posts Trade Deficit in July  
New Zealand trade balance turned into a NZD 692 million gap in July of 2014, the first deficit since October of 2013. Exports recorded the first annual drop in ten months due to lower demand of pine logs.
Thursday July 24 2014
New Zealand Trade Surplus Narrows in June  
New Zealand trade surplus narrowed slightly for the third straight month to NZD 247 million in June of 2014 from a revised NZD 270 million in May.
Thursday July 24 2014
New Zealand Raises Rate for 4th Straight Meeting  
At its July meeting, Reserve Bank of New Zealand raised the official cash rate by 25 bps to 3.5 percent aiming to keep future inflation near the 2 percent target. The central bank increased the benchmark rate four times this year taking it up by 100 bps, but signalled the rate-hike campaign would pause to let the economy adjust to monetary policy tightening.
Wednesday July 16 2014
New Zealand Inflation Rate Rises to 1.6% in Q2  
The CPI increased 1.6 percent in the second quarter of 2014, following a 1.5 percent rise in the previous period, mainly due to higher housing cost.
Friday June 27 2014
New Zealand Trade Surplus Down to 4-Month Low  
New Zealand trade surplus narrowed for the second straight month to NZD 285 million in May of 2014 from a revised NZD 498 million in April. The trend for exports is still at a high level, but it appears to be falling.
Thursday June 19 2014
New Zealand GDP Expands 1.0% QoQ in Q1  
The New Zealand economy advanced at a seasonally adjusted 1.0 percent quarter-on-quarter in the first three months of 2014, unchanged from a revised 1.0 percent increase in the previous quarter. The construction sector posted the largest gain in fourteen years, being responsible for two-thirds of GDP growth this quarter.
Wednesday June 11 2014
New Zealand Raises Rate to 3.25%  
At its June meeting, Reserve Bank of New Zealand decided to raise the official cash rate by 25 bps to 3.25 percent for the third straight meeting, as economic expansion has considerable momentum and inflationary pressures are expected to increase.
Monday May 26 2014
New Zealand Trade Surplus Narrows in April  
New Zealand trade surplus decreased to NZD 534 million in April of 2014 from a revised NZD 935 million in the previous month. While large price-driven increases led to an annual 14 percent surge in sales, April 2014 is the first month since August 2013 where the export value was not a record for the month.
Wednesday May 07 2014
New Zealand Unemployment Rate Unchanged at 6%  
In the first quarter of 2014, New Zealand jobless rate remained unchanged at 6 percent. The labour force participation and employment rates both increased 0.4 percentage points over the quarter, with growth seen across a number of regions, industries, and demographics.
Tuesday April 29 2014
New Zealand Posts Highest Trade Surplus on Record for March  
In March of 2014, New Zealand recorded a NZD 920 million surplus, up from a revised NZD 793 million surplus in the previous month and NZD 732 million a year earlier. It is the first time monthly exports have exceeded NZD 5 billion.
Wednesday April 23 2014
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
Tuesday April 15 2014
New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
Wednesday March 26 2014
New Zealand Posts Trade Surplus in February  
The trade balance for February of 2014 was a surplus of $818 million. This is the highest-ever trade surplus for any February month and compares with a surplus of $432 million in February 2013. The rise in dairy exports was supported by logs and meat, with much of the increase in these commodities destined for China.
Wednesday March 19 2014
New Zealand GDP Growth Slows in Q4  
New Zealand economy advanced 0.9 percent in the last quarter of 2013, slowing from a revised 1.2 percent in the previous three-month period. Strong growth in manufacturing was not enough to offset a drop in architectural and engineering services and a fall in dairy and livestock production.
Thursday March 13 2014
New Zealand Raises Rate to 2.75%  
Reserve Bank of New Zealand increased its key interest rate by 25 bps to 2.75 percent, aiming to contain inflationary expectations from the housing and non-tradables sectors. The central bank hinted future rate hikes, depending on growth and future price pressures.
Wednesday February 26 2014
New Zealand Repots Highest Trade Surplus On Record for January  
New Zealand reported a trade surplus for the third consecutive month in January as the country's dairy exports to China hit a record high.
Tuesday February 04 2014
New Zealand Unemployment Rate Falls in Q4 2013  
In the fourth quarter of 2013, New Zealand jobless rate decreased to 6 percent from 6.2 percent in the previous quarter. There were 24,000 more people employed, following an additional 28,000 in the September quarter.
Thursday January 30 2014
China Becomes New Zealand’s Top Export Partner in 2013  
In December of 2013, New Zealand trade balance turned into a NZD 523 million surplus for the second straight monht. For the December 2013 year, there was a trade deficit of NZD 259 million (0.5 percent of exports), up from an average deficit of 2.5 percent of exports over the previous five December years. China became the country’s top export destination for the first time, due to exports of milk powder.
Wednesday January 29 2014
New Zealand Central Bank Holds Rates  
The Reserve Bank of New Zealand left its benchmark cash rate unchanged at a record low 2.5 percent on January 29th, but said higher rates are likely in the near future to fight inflation pressures from the housing and building sectors.
Monday January 20 2014
New Zealand Inflation Rate Edges Up to 1.6% in Q4 2013  
In the fourth quarter of 2013, New Zealand inflation rate accelerated to an annual 1.6 percent, the highest annual rise since the March 2012 quarter.
Thursday December 19 2013
New Zealand Posts Trade Surplus in November  
In November of 2013, New Zealand trade balance turned into a NZD 183 million surplus. This is the first trade surplus for a November month since 1991 and follows a trade deficit in October 2013, which was the lowest deficit for an October month since the mid-1990s. For the first time, China has surpassed Australia as New Zealand’s top goods export destination on an annual basis.
Wednesday December 18 2013
New Zealand GDP Growth Beats Expectations in Q3  
In the third quarter of 2013, New Zealand economy expanded 1.5 percent over the previous quarter, the largest increase since the December 2009 quarter. The strong increase in dairy production was the main contributor to a 17.0 percent rise in agriculture, the largest in more than 25 years.
Thursday December 12 2013
New Zealand Leaves Rate on Hold in December  
In its December meeting, Reserve Bank of New Zealand left the official cash rate unchanged at 2.5 percent, as widely expected. Yet, the improving economy and rising inflation points to interest rates hikes next year.
Wednesday November 27 2013
New Zealand Trade Deficit Narrows in October  
In October of 2013, New Zealand posted a 168 million NZD trade deficit, down from a NZD 714 million deficit in the same month of the previous year. Exports recorded the highest value for any October month, and coincides with the highest-ever level of exports to China for any month.
Tuesday November 05 2013
New Zealand Unemployment Rate Down to 6.2% in Q3  
New Zealand employment rate rose to 64.4 percent and the unemployment rate fell to 6.2 percent in the third quarter of 2013.
Wednesday October 30 2013
New Zealand Monetary Policy Unchanged  
In its October meeting, Reserve Bank of New Zealand left the policy interest rate on hold at 2.5 percent, while referring that rate hikes may be required next year, depending on the inflationary pressures from the housing market and the construction sector.
Wednesday October 23 2013
New Zealand Trade Deficit Narrows in September  
In September of 2013, New Zealand posted a 199 million NZD trade deficit, down from a 1234 million NZD deficit in the previous month and a 791 million NZD deficit a year earlier. Exports increased by an annual 17 percent, boosted by higher milk powder and pin log sales to China.
Tuesday October 15 2013
New Zealand Inflation Rate Up to 1.4% In Q3  
In the third quarter of 2013, New Zealand annual inflation rate accelerated to 1.4 percent, the highest rate in six quarters, due to higher cost of housing and household utilities.
Wednesday September 25 2013
New Zealand August Trade Deficit Hits New High  
In August of 2013, New Zealand trade balance turned into a deficit of NZD 1.2 billion, mainly due to a one-off large capital import item. This is the largest deficit for any August month and is 47 percent larger than the deficit for August of 2012.
Thursday September 19 2013
New Zealand GDP Expands 0.2% QoQ in Q2  
In the second quarter of 2013, New Zealand economy expanded a seasonally adjusted 0.2 percent over the previous quarter, after a rise of 0.4 percent in the first three months of 2013, as the effect of the drought continues to hurt agricultural production. Agriculture fell 6.4 percent due to lower dairy production, while sheep and cattle farming also fell.
Wednesday September 11 2013
Reserve Bank of New Zealand Leaves Cash Rate on Hold at 2.5%  
In its September meeting, the Reserve Bank of New Zealand decided to leave the official cash rate unchanged at 2.5 percent, citing persistent inflationary pressures in the housing market and high exchange rate.
Monday August 26 2013
New Zealand Posts Trade Deficit in July  
In July of 2013, New Zealand trade balance turned into a deficit of NZD 774 million, from NZD 374 million surplus in June and NZD 98 million surplus a year earlier, due to higher imports of aircraft and crude oil.
Wednesday August 07 2013
New Zealand Unemployment Rate Up to 6.4% in Q2  
In the second quarter of 2013, New Zealand unemployment rate reached 6.4 percent, up from 6.2 percent in the first three months of 2013, but down from 6.8 percent a year ago. Yet, unemployment rate is still below 2012’s average rate of 6.9 percent and employment slightly went up 0.4 percent, the second quarterly increase in a row, after a fall in 2012.
Wednesday July 24 2013
Reserve Bank of New Zealand Leaves Monetary Policy Unchanged  
In its July meeting, the Reserve Bank of New Zealand left the official cash rate (OCR) unchanged at 2.5 percent, as rapid house price inflation persists in Auckland and Canterbury and an overvalued New Zealand dollar continues to be a headwind for the tradables sector.
Wednesday July 24 2013
New Zealand Trade Surplus Widens in June  
In June of 2013, New Zealand trade surplus widened to NZD 414 million, from NZD 39 million in May and NZD 289 million a year earlier. While exports declined by 3.9 percent yoy, due to lower shipments of milk, powder, butter and cheese, imports shrank by 7.4 percent due to fall in petroleum shipments.
Tuesday July 16 2013
New Zealand Inflation Rate Down to 14-Year Low in Q2  
In New Zealand, inflation rate increased 0.7 percent from the June 2012 quarter to the June 2013 quarter. The annual increase is the lowest since 1999, and the fourth annual increase in a row below 1 percent.
Thursday June 27 2013
New Zealand Trade Surplus Narrows in May on Falling Exports  
In May of 2013, New Zealand trade surplus narrowed to NZD 71 million, from NZD 255 million a year earlier, mainly due to a fall in crude oil exports. Shipments to Australia and United States led the fall, which was partly offset by the increase to China.
Thursday June 20 2013
New Zealand GDP Growth Slows to 0.3% QoQ in Q1  
In the first quarter of 2013, New Zealand economy expanded a seasonally adjusted 0.3 percent over the previous quarter, after a rise of 1.5 percent in the last three months of 2012. While the Canterbury rebuild boosted activity for construction and related services, the 2013 drought hit milk production.
Wednesday June 12 2013
Reserve Bank of New Zealand Leaves Rate Unchanged at. 2.5%  
In its June meeting, the Reserve Bank of New Zealand left the official cash rate (OCR) unchanged at 2.5 percent, citing concerns about rising house price inflation and an overvalued New Zealand dollar.
Friday May 24 2013
New Zealand Posts Trade Surplus in April  
In April of 2013, the trade surplus narrowed to $157 million, the lowest trade surplus in the previous four April months. Imports grew at a faster pace than exports, boosted by higher petroleum imports.
Thursday May 09 2013
New Zealand Unemployment Rate Down to 6.2% in Q1 2013  
In the first quarter of 2013, the unemployment rate decreased to 6.2 percent from 6.8 percent recorded in the previous quarter. Labour market conditions improved over the first quarter, as employment increased and unemployment fell.
Friday April 26 2013
New Zealand Posts Trade Surplus in March  
For the March 2013 month, export values increased $213 million (5.1 percent), compared with March 2012, and imports decreased $319 million (7.9 percent). The trade balance for the March 2013 month was a surplus of $718 million (16 percent of exports). This compares with an average deficit of $354 million (8.3 percent) of exports over the previous five March months.
Tuesday April 23 2013
New Zealand Leaves Monetary Policy Unchanged  
The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent on April 24th.
Wednesday April 17 2013
New Zealand Annual Inflation Rate at 0.9% in Q1 2013  
New Zealand's Consumer Price Index (CPI) increased an annual 0.9 percent in the first quarter of 2013, mainly due to higher prices for cigarettes and tobacco.
Tuesday March 26 2013
New Zealand Posts Trade Surplus in February  
The value of exported goods rose $290 million (8.0 percent) to $3.9 billion in February 2013, compared with February 2012, according to a release from Statistics New Zealand. This was led by an increase in exports to China, up $259 million (49 percent).
Wednesday March 20 2013
New Zeland Economy Grows at Fastest Pace in 3 Years in Q4  
New Zealand GDP rose 1.5 percent in the December 2012 quarter, the strongest quarterly growth since December 2009.
Wednesday March 13 2013
New Zealand Leaves Monetary Policy Unchanged  
The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent on March 14th.
Thursday February 07 2013
New Zealand Inflation Accelerates Slightly in the Fourth Quarter  
New Zealand's Consumer Price Index (CPI) increased an annual 0.9 percent in the fourth quarter of 2012.
Thursday February 07 2013
New Zealand Unemployment Rate Decreased in the Fourth Quarter of 2012  
The unemployment rate in New Zealand decreased to 6.9 percent in the fourth quarter, from 7.3 percent in the previous quarter.
Thursday January 31 2013
New Zealand's Monetary Policy Unchanged in January  
The Reserve Bank of New Zealand decided to mantain the Official Cash Rate (OCR) at 2.5 percent.
Tuesday January 29 2013
New Zealand Posts Trade Surplus in December  
The seasonally adjusted trade balance for the December 2012 quarter was a deficit of $87 million, equivalent to 0.8 percent of exports. This follows a $128 million deficit for the September 2012 quarter.
Thursday December 20 2012
New Zealand GDP Expands 0.2% in Q3  
Economic activity, as measured by gross domestic product, was up 0.2 percent in the September 2012 quarter, according to a release by Statistic New Zealand. This growth follows revised growth of 0.3 percent in the June 2012 quarter.
Thursday December 06 2012
New Zealand Leaves Interest Rate Unchanged  
The Reserve Bank on December 6th left the Official Cash Rate (OCR) unchanged at 2.5 percent.
Tuesday November 27 2012
New Zealand Trade Deficit Narrows in October  
The trade balance for October 2012 was a deficit of $718 million (21 percent of exports). This compares with a deficit of $226 million (5.8 percent of exports) in October 2011.
Thursday November 08 2012
New Zealand Unemployment Rate at 7.3 in Q3  
The unemployment rate rose to 7.3 percent in the September 2012 quarter, up from 6.8 percent in the June 2012 quarter.
Friday October 26 2012
New Zealand Trade Deficit Narrows in September  
In the September 2012 month, there was a trade deficit of $791 million (24 percent of exports). This compares with an average deficit of $726 million (23 percent of exports) over the previous five September months.
Thursday October 25 2012
New Zealand Leaves Interest Rate Unchanged  
The Reserve Bank on October 25th left the Official Cash Rate (OCR) unchanged at 2.5 percent.
Tuesday October 16 2012
New Zealand Inflation Down to 0.8 percent in Q3  
In New Zealand, the CPI increased 0.8 percent in the year to the September 2012 quarter, which is the smallest annual movement since a 0.5 percent increase in the year to the December 1999 quarter.
Wednesday September 26 2012
New Zealand Posts Trade Deficit in August  
New Zealand posted a trade deficit of $789 million (24 percent of exports). August months are typically trade deficits. For the year ended August 2012, there was an annual trade deficit of $866 million (1.8 percent of exports).
Thursday September 20 2012
New Zealand Economy Grows 0.6 Percent in Q2  
The New Zealand economy grew by 0.6 percent in the June 2012 quarter, Statistics New Zealand said on September 20. This latest result follows economic growth of 1.0 percent in the March 2012 quarter.
Thursday August 09 2012
New Zealand Unemplyment Rate at 6.8 in Q2  
New Zealand unemployment rate rose slightly, up to 6.8 percent in the June 2012 quarter from 6.7 percent in the March quarter.
Thursday May 24 2012
New Zealand Trade Surplus Widens in April  
New Zealand trade balance for April 2012 was a surplus of $355 million (9.1 percent of exports). For the year ended April 2012, there was an annual trade deficit of $541 million (1.2 percent of exports).
Thursday May 03 2012
New Zealand Uneployment Up to 6.7 in Q1  
The unemployment rate rose to 6.7 percent in the March 2012 quarter, Statistics New Zealand said on May 3rd. This is up from a revised figure of 6.4 percent last quarter. The labour force grew by 18,000, with 9,000 more people employed as well as 9,000 more people unemployed in the March 2012 quarter.
Wednesday March 28 2012
New Zealand Reports Trade Surplus in February  
In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.
Thursday March 22 2012
New Zealand Economy Grows 0.3% in Q4  
The New Zealand economy grew by 0.3 percent in the December 2011 quarter, Statistics New Zealand said on March 22nd. This latest result follows economic growth of 0.7 percent in the September 2011 quarter.
Thursday March 08 2012
New Zealand Leaves Rate Unchanged  
The Reserve Bank left on March 8th, the Official Cash Rate (OCR) unchanged at 2.5 percent.
Wednesday February 29 2012
New Zealand Reports Trade Deficit in January  
In January 2012, the value of exported goods rose $430 million (13 percent), to $3.7 billion. Imported goods rose $637 million (19 percent), to $3.9 billion.
Thursday February 02 2012
New Zealand Reports Trade Surplus in December  
In December 2011, New Zealand reported a trade surplus equivalent to $338 million (7.8 percent of exports). This compares with an average deficit of 5.2 percent of exports over the previous five December months.
Thursday January 19 2012
New Zealand Inflation Down to 1.8% in Q4  
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.
Monday January 09 2012
New Zealand Exports Rises in November  
In the November 2011 month compared with the November 2010 month, the value of exported goods increased $251 million (6.8 percent) to $3.9 billion. The trend for export values remains at record-high levels.
Thursday December 22 2011
New Zealand GDP Up 0.8% in Q3  
New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter. The increase in the latest quarter is the fourth consecutive quarter of growth following a decline of 0.1 percent in the September 2010 quarter.
Thursday December 08 2011
New Zealand Keeps Rates Unchanged  
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.
Friday November 25 2011
New Zealand Trade Deficit Narrows in October  
In October of 2011, New Zealand recorded a trade deficit of $282 million (7.3 percent of exports). This compares with an average deficit of 23 percent of exports over the previous five October months.
Thursday October 27 2011
New Zealand Trade Deficit Widens in September  
For the September 2011 month, export values increased $268 million (8.4 percent) compared with September 2010, while imports increased $564 million (16 percent). The trade balance for the September 2011 month was a deficit of $751 million (22 percent of exports). This compares with an average deficit of 23 percent of exports for the previous five September months.
Thursday October 27 2011
RBNZ Leaves Interest Rate Unchanged  
The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent on October 27.
Tuesday October 25 2011
New Zealand Aunnual Inflation Rate at 4.6% in Q3  
In the year to the September 2011 quarter, the CPI rose 4.6 percent, including a 2.3 percent increase in the December 2010 quarter when GST rose from 12.5 to 15 percent. Key contributions to the rise came from transport (up 8.8 percent), food (up 6.2 percent), housing and household utilities (up 3.7 percent), and alcoholic beverages and tobacco (up 5.6 percent).
Wednesday September 28 2011
New Zealand Reports Trade Deficit in August  
The values of imported and exported goods were both higher in August 2011 than in August 2010, Statistics New Zealand said on September 28.
Thursday September 22 2011
New Zealand GDP Up 0.1% in Q2  
New Zealands economic activity was up 0.1 percent in the June 2011 quarter, Statistics New Zealand said on September 22. This follows a revised increase of 0.9 percent in the March 2011 quarter. Economic activity for the year ended June 2011 was 1.5 percent higher than for the June 2010 year.
Thursday September 15 2011
The Reserve Bank of New Zealand Holds Rate at 2.5%  
The New Zealand economy has performed relatively well while headline inflation has increased somewhat since the June Statement. At the same time, however, global economic and financial risks have increased.
Wednesday August 24 2011
New Zealand Trade Surplus Shrinks in July  
New Zealand trade balance for the July 2011 was a surplus of $129 million, down from $197 million in June of 2011.
Friday August 05 2011
New Zealand Unemployment Rate at 6.5% in Q2  
The New Zealand labour market remained relatively steady in the June 2011 quarter. The seasonally adjusted unemployment rate stayed flat at 6.5 percent in the June 2011 quarter, while the number of people employed rose slightly.
Thursday July 28 2011
New Zealand's Trade Surplus Narrows in June  
New Zealand's trade surplus narrowed in June as an historically high New Zealand dollar and a pull back in commodity prices weighed on exports. The trade surplus totaled NZ$230 million, down from a surplus of NZ$551 million in May.
Thursday July 28 2011
New Zealand Leaves Interest Rate Unchanged  
The Reserve Bank of New Zealand left on July 28, the Official Cash Rate (OCR) unchanged at 2.5 percent.
Monday July 18 2011
New Zealand Inflation Rate Rises 5.3% in June 2011 Quarter  
In the year to the June 2011 quarter, New Zealand CPI increased 5.3 percent, including a 2.3 percent increase in the December 2010 quarter when GST (Goods and services tax) rose from 12.5 to 15 percent.
Thursday July 14 2011
New Zealand GDP Up 0.8% in Q1  
New Zealand gross domestic product, rose 0.8 percent in the March 2011 quarter, Statistics New Zealand said on July 14. This follows a 0.5 percent increase in economic activity in the December 2010 quarter.
Wednesday June 29 2011
New Zealand Exports Rise in May  
The values of export and import goods both increased in May 2011 compared with May 2010.
Monday May 30 2011
New Zealand Trade Surplus Widens in April  
In April 2011, there was a trade surplus of $1.1 billion or 24 percent of the value of exports, Statistics New Zealand said on May 30.
Wednesday May 25 2011
New Zealand Unemployment Rate Falls to 6.6%  
During the March 2011 quarter, the unemployment rate fell to 6.6 percent. This fall was the result of employment rising (by 30,000 people) and unemployment falling (by 2,000 people).
Wednesday April 20 2011
New Zealand Inflation Raises in March 2011 Quarter  
In the year to the March 2011 quarter, New Zealand CPI increased 4.5 percent, reflecting higher prices for petrol, cigarettes, tobacco, and food.
Thursday March 24 2011
New Zealand Economy Grows 0.2% in Q4  
New Zealand gross domestic product (GDP) was up 0.2 percent in the December 2010 quarter, Statistics New Zealand said on March 24. This increase in economic activity follows a fall of 0.2 percent in the September 2010 quarter.
Wednesday March 09 2011
New Zealand Cuts Interest Rate to 2.5%  
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent on March 10.
Wednesday February 02 2011
New Zealand Trade Deficit Widens in December  
New Zealand trade deficit widened in December to $250 million as imports growth outpaced exports.
Wednesday January 26 2011
New Zealand Leaves Rates Unchanged  
The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 3.0 percent on January 26.
Thursday January 20 2011
New Zealand Inflation Rises in Q4  
New Zealand's CPI increased 4.0 percent in the year to the December 2010 quarter, following increases of 1.5 percent and 1.7 percent in the years to the September and June 2010 quarters, respectively.
Wednesday January 12 2011
New Zealand Exports Rise in November  
The value of November 2010 export goods was $589 million (19 percent) higher than November 2009, Statistics New Zealand said. The total value of goods exported in November 2010 was $3.7 billion.
Thursday December 23 2010
New Zealand's Economy Shrinks in Q3  
New Zealand's GDP declined 0.2 percent in the September 2010 quarter, Statistics New Zealand said on December 23.
Friday December 10 2010
Reserve Bank of New Zealand Leaves Rates Unchanged  
The Reserve Bank of New Zealand left on December 9 the Official Cash Rate (OCR) unchanged at 3.0 percent.
Monday December 06 2010
New Zealand Exports Rises in October  
In October 2010 export goods values were $723 million (24 percent) higher than October 2009, Statistics New Zealand said on November 29. The total value of goods exported in October 2010 was $3.7 billion.
Thursday November 04 2010
New Zealand Unemployment Rate Falls to 6.4%  
New Zealand's unemployment rate fell half a percentage point to 6.4 percent in the September quarter, official data showed Thursday.
Saturday September 25 2010
New Zealand GDP Rises 0.2%  
Statistics New Zealand figures published on September 23 showed the GDP rose 0.2% in the three months to June, following a 0.5% rise in the March quarter.
Thursday September 16 2010
New Zealand Keeps Interest Rate at 3%  
New Zealand's central bank kept the benchmark interest rate at 3% in August, saying that while the global and domestic economies were recovering, the outlook had weakened over recent months.
Wednesday September 01 2010
New Zealand's Trade Balance Swung to Deficit in July  
New Zealand reported a trade deficit for the first time in seven months in July as increased imports of vehicles and petroleum products offset gains in exports of milk powder, butter and cheese.
Thursday August 05 2010
New Zealand's Unemployment Rate Rises to 6.8%  
New Zealand’s unemployment rate climbed by more than economists forecast in the second quarter.
Wednesday July 28 2010
New Zealand Raises Benchmark Rate  
New Zealand’s central bank raised its benchmark interest rate for a second month to control inflation, and said the pace of future increases is likely to be slower than previously indicated.
Wednesday June 23 2010
New Zealand Economy Expands 0.6%  
New Zealand economy grew 0.6 percent in the March 2010 quarter, Statistics New Zealand said today. This latest increase follows growth of 0.9 percent in the December 2009 quarter
Wednesday June 09 2010
New Zealand Rises Interest Rate to 2.75%  
New Zealand’s central bank raised its benchmark interest rate for the first time in three years, signaling that faster inflation is a bigger threat to growth than further gains in the nation’s currency.
Wednesday May 26 2010
New Zealand Trade Surplus Widens in April  
New Zealand’s trade surplus widened in April as imports of crude oil and machinery declined, while rising commodity prices and a seasonal increase in farm production kept exports near record levels.
Saturday May 08 2010
New Zealand Unemployment Rate Falls  
New Zealand's unemployment rate posted a shock record fall to 6.0 percent in the March quarter as the country slowly recovers from a long recession.
Wednesday April 28 2010
New Zealand May Start Raising Benchmark Interest Rate in June  
New Zealand’s central bank said it could raise its benchmark interest rate from a record low as early as June as improving global demand buoys exports and underpins an economic recovery.
Tuesday April 20 2010
New Zealand Inflation Rises Less Than Expected  
New Zealand inflation accelerated less than expected in the first quarter, suggesting there's less need for Reserve Bank Governor Alan Bollard to rush to raise interest rates this year.
Wednesday March 24 2010
New Zealand Economy Grows 0.8%, Fastest in Two Years  
New Zealand’s economy grew at the fastest pace in two years in the fourth quarter as consumer spending, manufacturing and house construction increased.
Wednesday March 10 2010
New Zealand Keeps Rates Steady  
New Zealand’s central bank left interest rate unchanged and said it will wait until the middle of the year before raising cost of borrowing as falling house prices and weak consumer spending are contributing to a slow economic recovery.
Wednesday February 03 2010
New Zealand Jobless Rate Rises to 7.3%  
New Zealand’s unemployment rate soared to the highest level in more than 10 years in the fourth quarter as a slow recovery from recession made companies reluctant to hire extra workers.
Thursday January 28 2010
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in more than seven years in 2009 as imports fell for a ninth month in December, outpacing a decline in exports.
Wednesday January 27 2010
New Zealand Keeps Interest Rate at Record Low  
New Zealand’s central bank says it will keep its benchmark interest rate at 2.5% until the middle of this year because inflation is likely to remain within its target range until at least 2012.
Wednesday January 06 2010
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in more than seven years in November as imports fell to a six-month low, outpacing a decline in exports.
Tuesday December 22 2009
New Zealand GDP Posts Minor Q3 Expansion?  
New Zealand's economy grew 0.2 percent in the third quarter of 2009, but by less than expected.
Wednesday December 09 2009
New Zealand Leaves Rate at 2.5%  
New Zealand’s central bank says it will raise the benchmark interest rate sooner than it previously indicated as a stronger housing market leads the economy out of recession.
Friday November 27 2009
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in almost seven years in October as imports slumped, outpacing a decline in exports.
Wednesday November 04 2009
New Zealand's Unemployment Rate Rises  
New Zealand's unemployment rate, which has been rising steadily for nearly two years, reached 6.5% in the September quarter.
Thursday October 29 2009
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in more than six years in September as imports slumped for a sixth month.
Wednesday October 28 2009
N.Z. Leaves Key Rate at 2.5%  
New Zealand’s central bank said it will wait until the second half next year before raising interest rates because the economy needs further stimulus as it recovers from a recession.
Thursday October 15 2009
New Zealand’s Inflation Rate Accelerates to 1.3%  
New Zealand inflation accelerated faster than economists forecast in the third quarter, adding to signs that central bank Governor Alan Bollard may have to raise interest rates earlier than he predicted last month.
Friday September 25 2009
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in more than six years in August as imports slumped for a fifth month. Exports fell the most in 23 years.
Wednesday September 23 2009
New Zealand Emerges From Recession  
New Zealand emerged from its worst recession in three decades, unexpectedly expanding for the first time in six quarters on rising consumer spending and exports of logs and dairy products.
Wednesday September 09 2009
New Zealand Keeps Interest Rate Unchanged  
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.
Thursday August 27 2009
New Zealand Trade Deficit Narrows  
New Zealand posted its smallest annual trade deficit in six years in July as the worst recession in three decades led to a slump in imports.
Wednesday August 05 2009
New Zealand Jobless Rate Rises  
New Zealand’s unemployment rate rose to the highest in almost nine years in the second quarter as the worst recession in three decades prompted companies to cut production and jobs.
Wednesday July 29 2009
New Zealand Leaves Rate Unchanged  
New Zealand’s central bank kept its benchmark interest rate unchanged for a second month at 2.50 percent and said it may cut borrowing costs further as a rising currency threatens a recovery from the worst recession in three decades.
Wednesday July 29 2009
N.Z. May Leave Key Rate Steady  
New Zealand central bank Governor Alan Bollard may keep the benchmark interest rate unchanged for a second month as a recovery in the housing market and business confidence signals an end to the recession.
Monday July 27 2009
New Zealand Trade Deficit Widens  
New Zealand’s annual trade deficit unexpectedly widened in June as aircraft purchases bolstered imports to a six-month high. Exports declined.
Wednesday July 15 2009
New Zealand Inflation Slows to 1.9%  
New Zealand’s inflation rate slowed to the lowest level in seven quarters as a recession curbed consumer demand, prompting companies to cut prices.
Thursday July 09 2009
New Zealand Economy May Take Time to Recover  
In the first quarter of 2009, New Zealand’s economy shrank by 2.7 percent from a year earlier, the most in more than 18 years. And although some indicators suggest that the worst is over, the country has yet to show evidence of sustainable growth.
Thursday June 25 2009
New Zealand Economy Shrinks 1%  
New Zealand’s economy shrank for a fifth straight quarter as consumers and businesses cut spending, extending the worst recession in more than three decades.
Wednesday June 10 2009
New Zealand Keeps Rate Unchanged  
New Zealand Reserve Bank Governor Alan Bollard has done as many were expecting this morning, leaving the official cash rate unchanged at 2.5 per cent.
Tuesday June 09 2009
New Zealand Likely to Leave Key Rate Unchanged  
Encouraged by the signs of economic recovery, the Reserve Bank of New Zealand may keep its benchmark interest rate unchanged after bringing it to a record-low of 2.5 percent in April.
Tuesday May 26 2009
New Zealand’s Trade Gap Narrows  
New Zealand’s annual trade deficit narrowed last month to the smallest since 2005 as the nation’s deepest recession in more than three decades led to a record drop in imports.
Wednesday May 06 2009
N.Z. Jobless Rate Rises to 5%  
New Zealand’s jobless rate rose less than economists and the central bank expected in the first quarter, driving up the nation’s currency on signs the economy may be heading out of recession.
Wednesday April 29 2009
New Zealand Cuts Key Interest Rate to Record-Low 2.5%  
New Zealand’s central bank cut its benchmark interest rate by half a percentage point to a record 2.5 percent and said borrowing costs will stay low until late next year to help the economy recover from a recession.
Wednesday April 29 2009
New Zealand Trade Gap Narrows  
New Zealand’s annual trade deficit narrowed in March as rising commodity prices and the sale of an aircraft bolstered exports to a record.
Sunday April 19 2009
New Zealand Inflation Rate Slows to 3%  
New Zealand inflation slowed in the year to March as the worst recession in more than three decades curbed consumer demand, adding to signs the central bank will cut interest rates again this month.
Thursday April 02 2009
New Zealand Economy Could be in the Brink of Depression  
In the last quarter of 2008, New Zealand’s economy shrank by 1.9 percent from a year earlier, the most in more than 16 years. What is behind this slump and what can be done to stop it?
Thursday March 26 2009
New Zealand Economy Shrinks 0.9%  
New Zealand’s economy shrank last quarter by the most in more than 16 years as home building tumbled, exports fell and businesses cut spending.
Wednesday March 11 2009
New Zealands Cuts Rates to 3%  
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 50 basis points to 3 percent.
Thursday February 26 2009
New Zealand Annual Trade Gap Narrows  
New Zealand’s annual trade deficit unexpectedly narrowed in January as demand for imported passenger cars and machinery slowed amid a recession that entered its fifth quarter.
Wednesday February 04 2009
New Zealand Jobless Rate Rises to 4.6%  
New Zealand’s jobless rate rose to a five-year high in the fourth quarter as a prolonged recession prompted companies to cut production and fire workers.
Tuesday February 03 2009
Interest Rates Cuts May Not Help New Zealand  
Since July, the Reserve Bank of New Zealand has slashed interest rates by 475 basis points. However, in our opinion these rate cuts may not bring the expected relief.
Wednesday January 28 2009
New Zealand’s Trade Deficit Widens  
New Zealand’s annual trade deficit widened more than economists forecast in December as a deepening global recession damped exports.
Wednesday January 28 2009
NZ Cuts Interest Rate to Record-Low 3.5%  
New Zealand cut its interest rate by 1.5 percentage points to a record low and said there’s room for further reductions to steer the economy out of a deepening recession.
Monday January 19 2009
New Zealand Inflation Falls in Q4  
New Zealand consumer prices fell in the fourth quarter as fuel prices slumped, adding to signs the central bank will cut the benchmark interest rate to a record low next week.
Tuesday January 06 2009
N.Z. Annual Trade Deficit Narrows  
New Zealand’s annual trade deficit unexpectedly narrowed in November as a domestic recession curbed demand for imports.
Tuesday December 23 2008
New Zealand Economy Shrinks 0.4%  
New Zealand’s economy contracted for the third straight quarter, extending the nation’s first recession in 10 years and adding to the prospect the central bank will cut interest rates to a record low next month.
Wednesday December 03 2008
New Zealand Cuts Rate to 5%  
New Zealand’s central bank cut its benchmark interest rate by a record 1.5 percentage points to 5 percent to kick-start an economy facing its worst recession in 18 years.
Wednesday November 26 2008
N.Z. Trade Deficit Widens  
New Zealand’s annual trade deficit widened in October as higher oil shipments pushed imports to a record, outpacing a gain in exports.
Wednesday November 05 2008
NZ Unemployment Rises to Five-Year-High  
New Zealand's jobless rate rose to the highest in almost five years in the third quarter, adding to signs of a prolonged recession that is prompting companies to cut production and fire workers.
Wednesday October 29 2008
N.Z. Trade Deficit Widens  
New Zealand's annual trade deficit unexpectedly widened for the first time in four months as plunging world commodity prices crimped demand for exports.
Wednesday October 22 2008
Bollard Cuts New Zealand Benchmark Rate to 6.5%  
New Zealand's central bank cut its benchmark interest rate by a record 1 percentage point to 6.5 percent and foreshadowed further reductions to limit damage from the worldwide financial crisis and a slump in the global economy.
Tuesday October 21 2008
N.Z. Inflation Rate Accelerates  
New Zealand's annual inflation rate accelerated to the fastest pace in more than 18 years in September, fanned by fuel and food costs that have hastened the nation's slide into a recession.
Monday September 29 2008
N.Z. Annual Trade Deficit Narrows to NZ$4.28 Billion  
New Zealand's annual trade deficit narrowed for a third straight month in August as a falling currency and record oil shipments buoyed exports.
Thursday September 25 2008
New Zealand Economy Shrank 0.2%  
New Zealand's economy contracted last quarter, driving the nation into its first recession in 10 years and adding to the prospect the central bank will cut interest rates to a three-year low next month.
Wednesday September 17 2008
New Zealand Dollar Rally After U.S. Rescue of AIG  
The New Zealand dollarr rallied against the U.S. and Japanese currencies after the U.S. government agreed to take over American International Group Inc. to save it from collapse.
Thursday September 11 2008
Bollard Cuts N.Z.'s Key Rate to 7.5%  
New Zealand's central bank cut its benchmark interest rate by a half point to 7.5 percent, more than forecast by most economists, saying the economy is in a recession and inflation will slow.
Wednesday August 27 2008
New Zealand Dollar Advances  
The New Zealand dollar rose on optimism that the South Pacific economy is recovering from a first-half recession, prompting traders to pare bets on central bank interest-rate reductions.
Monday August 25 2008
N.Z. Annual Trade Deficit Narrows to NZ$4.44 Billion  
New Zealand's annual trade deficit narrowed less than economists forecast in July as an increase in fuel shipments bolstered imports.
Monday August 25 2008
N.Z. Dollar Weaken  
The New Zealand dollar weakened for a second day on speculation a decline in commodity prices will diminish the outlook for the economy.
Friday August 15 2008
New Zealand Dollar Declines  
The New Zealand dollar dropped for a fifth week. It was traded near a 12-month low against the U.S. dollar and the weakest in almost two years versus the yen as concern that global economic growth will slow spurred investors to sell higher-yielding assets.
Wednesday August 06 2008
New Zealand Dollar Trades Near 10-Month Low  
The New Zealand dollar traded near a 10-month low after a government report showed the jobless rate rose to the highest in more than two years, boosting prospects for further central bank interest-rate reductions.
Wednesday August 06 2008
N.Z. Jobless Rate Rises to 3.9%  
New Zealand's jobless rate rose in the second quarter to the highest in more than two years as companies, facing increasing costs and slowing profits, were unable to find jobs for a surge in people seeking work.
Tuesday July 29 2008
N.Z. Dollar Falls to 10-Month Low  
New Zealand's dollar fell to a 10- month low on concern U.S. subprime-mortgage losses will spread to the South Pacific nation, increasing the chance the central bank will cut interest rates further this year.
Monday July 28 2008
New Zealand's Annual Trade Deficit Narrows  
New Zealand's annual trade deficit narrowed for the first time in four months in June as a contracting economy curbed demand imports, while exports rose more than forecast.
Wednesday July 23 2008
New Zealand Cuts Key Rate  
New Zealand's central bank cut its benchmark interest rate by a quarter point to 8 percent, the first reduction in five years, saying slowing economic growth will curb inflation.
Tuesday July 22 2008
N.Z. Dollar Falls to Seven-Year Low Against Aussie  
The New Zealand dollar declined to a seven-year low against the Australian dollar and dropped for a fifth day versus the U.S. currency on speculation the Reserve Bank of New Zealand will cut interest rates this week.
Monday July 14 2008
New Zealand Inflation Accelerates to 18-Year-High  
New Zealand's consumer prices rose at the fastest pace in 18 years in the second quarter, fanned by fuel and food costs, adding to signs the economy is facing stagflation as it slips into recession.
Monday July 14 2008
N.Z. Dollar Advance on U.S. Credit-Market Concerns  
The New Zealand dollar advanced to the most in five weeks on speculation the nations' assets will lure investors as losses at U.S. financial institutions deepen.
Monday July 07 2008
Is New Zealand in Recession?  
After a 10-year economic boom, New Zealand is about to become the world's first developed nation to fall into recession. Previously, one of the fastest growing economies in the world, New Zealanders face high consumer debt, falling property markets and rising inflation. Indeed, it is estimated that gross domestic product shrank by 0.3 per cent in the first quarter of 2008 and it is likely that the economy will slow further in the next three quarters of 2008.
Monday June 30 2008
New Zealand Dollar Gains  
The New Zealand dollar gained on prospects the Federal Reserve isn't ready to start raising interest rates.
Friday June 27 2008
N.Z. Dollar Posts Weekly Loss  
The New Zealand dollar headed for a weekly loss after a government report signaled the economy may enter a recession, adding to speculation the central bank will cut interest rates this year.
Friday June 27 2008
New Zealand Annual Trade Deficit Widens  
New Zealand's annual trade deficit unexpectedly widened in May as rising oil prices and the purchase of an aircraft fanned imports.
Friday June 27 2008
New Zealand's Economy Contracts 0.3%  
New Zealand's economy contracted in the first quarter, putting the nation on the brink of a recession as soaring credit costs damp domestic demand and a drought crimps exports.
Sunday June 22 2008
New Zealand Dollar Climbs  
The New Zealand dollar rose as the price of commodities that the nations export increased, supporting the outlook for the economy.
Tuesday June 17 2008
N.Z. Dollars Gains for a Third Day  
The New Zealand dollar rose for a third day on speculation the U.S. Federal Reserve will delay increasing borrowing costs, making higher- yielding assets more attractive.
Tuesday June 10 2008
N.Z. Dollar Declines to 20-Week Low  
New Zealand's dollar fell to a 20- week low against the U.S. currency amid expectations local interest rates will decline and other central banks may raise borrowing costs.
Tuesday June 10 2008
New Zealand Dollar Slide on Intervention Comments  
The New Zealand dollar slid to near a four-month low after U.S. Treasury Secretary Henry Paulson said he would ``never'' rule out currency intervention.
Monday June 09 2008
New Zealand Economy Grows at Fastest Pace in 3 Years  
New Zealand's economic growth accelerated in the fourth quarter, reaching the fastest annual pace in three years as it exported more butter, cheese and crude oil.
Wednesday June 04 2008
New Zealand Dollar Falls as Bollard Says Rate Cuts `Likely'  
The New Zealand dollar fell the most in two months after the nation's central bank Governor Alan Bollard said he was ``likely'' to cut interest rates this year.
Wednesday June 04 2008
Bollard Says N.Z. May Cut Key Interest Rate This Year  
New Zealand's central bank Governor Alan Bollard said he may cut the benchmark interest rate from a record 8.25 percent this year, triggering the biggest slump in the currency in more than two months.
Tuesday June 03 2008
New Zealand, Facing a Recession?  
New Zealand central bank Governor Alan Bollard may be pushing the conomy into a recession by keeping interest rates at a record to fight inflation, ignoring factory closures and slumping consumer spending.
Tuesday June 03 2008
New Zealand Dollar Falls  
The New Zealand dollar fell the most in almost a month on speculation demand for higher-yielding assets will wane after Federal Reserve Chairman Ben S. Bernanke signaled he's done cutting interest rates.
Thursday May 29 2008
Yuan Gains for Second Day  
The yuan gained for a second day after the government's top planning agency said China will maintain a ``tight'' monetary policy to combat inflation.
Monday May 26 2008
New Zealand Annual Trade Deficit Widens  
New Zealand's annual trade deficit unexpectedly widened in April as imports were buoyed by the purchase of an oil platform and production vessel, outpacing an increase in exports.
Thursday May 22 2008
New Zealand Dollar Rises for Fifth Day  
The New Zealand dollar rose after Finance Minister Michael Cullen cut taxes, easing pressure on the central bank to lower interest rates to support the economy.
Wednesday May 14 2008
N.Z. Dollar Falls on Retail Sales  
The New Zealand dollar fell to the lowest in more than three months after a government report showed retail sales declined at three times the pace expected by economists.
Wednesday May 07 2008
New Zealand Employment Falls  
New Zealand's jobless rate rose and employment fell buy the most in 19 years in the first quarter as plunging business confidence prompted companies to fire workers, adding to signs economic growth has stalled.
Wednesday April 30 2008
NZ Dollar Fall as Economic Expansion May Slow  
The New Zealand and Australian dollars fell against the yen on concern a global economic slowdown will temper growth in the South-Pacific nations.
Tuesday April 29 2008
New Zealand Trade Deficit Widened  
New Zealand's annual trade deficit unexpectedly widened in March as export growth was the weakest in eight months, adding to signs the economy may have stalled in the first quarter.
Wednesday April 23 2008
N.Z. Leaves Rate at 8.25%  
New Zealand's central bank Governor Alan Bollard left the benchmark interest rate at a record-high 8.25 percent and signaled that borrowing costs may fall this year as economic growth slows.
Sunday April 20 2008
N.Z. Dollar Falls  
The New Zealand dollar fell amid expectations that economic growth will slow this year, prompting the central bank to cut interest rates and damping investor demand for the nation's yields.
Monday April 14 2008
New Zealand Inflation Accelerates  
New Zealand's annual inflation rate accelerated in the first quarter because of higher fuel and food prices, adding to signs central bank Governor Alan Bollard may delay an interest-rate cut until 2009.
Sunday April 13 2008
N.Z. Dollar Falls  
New Zealand's dollar fell after U.S. stocks declined and Group of Seven officials said they were concerned that exchange rate volatility will disrupt the global economy, prompting traders to shy away from higher yields.
Tuesday April 08 2008
N.Z. Dollar Strengthen  
The New Zealand dollar rose as commodity prices advanced and as concern eased that credit-market losses will spread.
Sunday March 30 2008
N.Z. Dollar Falls on Business Survey  
The New Zealand dollar fell after a report showed business confidence dropped to a 17-year low in March.
Thursday March 27 2008
New Zealand's Economic Growth Accelerates to 1%  
New Zealand's economic growth accelerated in the fourth quarter, reaching the fastest annual pace in three years on increased exports of butter, cheese and crude oil.
Wednesday March 26 2008
New Zealand's Trade Deficit Narrows  
New Zealand's annual trade deficit narrowed to the smallest in almost three years as soaring prices for dairy products buoyed export earnings.
Tuesday March 25 2008
New Zealand Dollar Advance on Demand for Higher Yields  
The Australian and New Zealand dollars rose for a second day against the yen as gains in stocks prompted investors to buy higher-yielding assets funded by loans in Japan.
Tuesday March 18 2008
N.Z. Dollars Rise  
The New Zealand dollars rose on speculation the Federal Reserve will lower its benchmark interest rate by 1 percentage point today, boosting the yield advantage on the nations' assets.
Thursday March 13 2008
New Zealand Dollar Rises  
The New Zealand and Australian dollars headed for the largest weekly advance since February as commodities rose and gains in U.S. and Asian stocks encouraged investors to resume purchases of higher-yielding assets.
Wednesday March 05 2008
N.Z. Leaves Key Rate Unchanged  
New Zealand's central bank left the benchmark interest rate at a record-high 8.25 percent, saying slowing economic growth won't relieve pressure on inflation until next year.
Thursday February 28 2008
New Zealand's Annual Trade Deficit Narrows  
New Zealand's annual trade deficit narrowed to the smallest in almost three years as soaring prices for dairy products buoyed export earnings.
Monday February 25 2008
N.Z. Dollar Rises to Record  
The New Zealand dollar rose to the strongest since being allowed to trade freely in 1985 as easing credit concerns prompted investors to buy higher-yielding assets.
Thursday February 07 2008
N.Z. Dollar Rises on Prospect Jobs Will Keep Rates at Record  
New Zealand's dollar gained after a report showed the South Pacific nation's jobless rate fell to a record low, boosting prospects the central bank will refrain from cutting interest rates anytime soon.
Wednesday February 06 2008
New Zealand's Unemployment Rate Falls to Record Low  
New Zealand's jobless rate fell to a record low as companies hired more workers than forecast, reinforcing prospects the central bank won't cut interest rates.
Sunday January 27 2008
New Zealand Dollar May Fall  
The New Zealand dollar, little changed today, may fall as weaker U.S. stock markets prompt investors to avoid the risks posed by the carry trade.
Wednesday January 23 2008
New Zealand Leaves Key Rate at 8.25%  
New Zealand's central bank left its benchmark interest rate at a record-high 8.25 percent to combat accelerating inflation, saying the prospects of slowing global growth haven't curbed the domestic economy.
Wednesday January 23 2008
New Zealand Dollar Rises Most in Three Months  
New Zealand's dollar rose the most in three months against the U.S. currency after the Federal Reserve lowered its benchmark interest rate, increasing the appeal of the South-Pacific nation's fixed-income assets.
Friday January 18 2008
New Zealand Dollar Fall on Global Growth Concerns  
The New Zealand dollars headed for a weekly loss as concern that global growth will slow prompted traders to reduce holdings of higher-yielding assets bought with money borrowed in Japan.
Wednesday January 16 2008
New Zealand's Inflation Rises in Q4  
NZ inflation rate accelerated more than expected in Q4, breaching the top of the central bank's target band and adding to signs Governor Alan Bollard may delay an interest-rate cut.
Monday January 14 2008
New Zealand Dollar Strengthens on Prospect of U.S. Rate Cut  
New Zealand's dollar rose to near the highest in a month as traders increased bets the Federal Reserve will cut its benchmark interest rate this month, adding to the allure of the South Pacific nation's bonds and bills.
Sunday January 06 2008
N.Z. Annual Trade Gap Shrinks  
New Zealand's annual trade deficit was the narrowest in more than two years in November as record prices for dairy products buoyed exports.
Wednesday January 02 2008
N.Z. Dollar Falls Against Yen on U.S. Economic Concerns  
The New Zealand dollar fell to a four-week low against the yen on speculation the U.S. economy will fall into recession, slowing global growth and dimming the appeal of higher-yielding currencies.
Monday December 31 2007
N.Z. Dollar Post Biggest Annual Gain in Four Years  
New Zealand dollar posted the biggest annual gain in four years as quickening inflation and economic expansion prompted The Reserve Bank of New Zealand to raise interest rates.
Thursday December 27 2007
N.Z. Dollar Gains on Prospect Yield Gap With U.S. Will Widen  
New Zealand's dollar rose to the highest in almost two weeks on speculation the ongoing housing slump will spur another U.S. interest-rate cut, boosting the appeal of the South Pacific nation's higher-yielding assets.
Thursday December 20 2007
New Zealand's Growth Slows to 0.5%  
New Zealand's economy grew at the slowest pace in a year in the third quarter as record-high interest rates curbed consumer spending and a rising currency crimped exports.
Wednesday December 05 2007
New Zealand Leaves Key Rate Unchanged  
New Zealand's central bank expects to leave the benchmark interest rate at a record-high 8.25 percent for longer as increasing oil and food prices stoke inflation.
Sunday November 25 2007
New Zealand Trade Gap Shrinks in October  
New Zealand's annual trade deficit narrowed to a six-month low in October as rising prices for dairy products and a jump in oil output lifted exports to a record.
Wednesday November 07 2007
New Zealand's Jobless Rate Falls to 3.5%  
New Zealand's jobless rate fell to a record in the third quarter as fewer people looked for work, increasing the prospects the central bank won't cut interest rates until at least July.
Monday October 29 2007
New Zealand Dollar Advances on Prospect Interest Rates May Rise  
New Zealand's dollar gained to the highest in two weeks after a report showed imports rose last month, bolstering speculation the central bank will need to increase interest rates again.
Sunday October 28 2007
New Zealand Annual Trade Gap Unexpectedly Narrowed  
New Zealand's annual trade deficit unexpectedly narrowed in September as exports rose for the first time in five months buoyed by higher commodity prices and production from a new oil field.
Wednesday October 24 2007
New Zealand Leaves Key Interest Rate at Record High  
New Zealand's central bank left its benchmark interest rate unchanged at 8.25 percent, saying record-high borrowing costs haven't yet stemmed inflation.
Sunday October 14 2007
N.Z. Inflation Slows in Q3  
New Zealand's inflation rate slowed more than the central bank predicted in the third quarter, adding to signs that Governor Alan Bollard can avoid raising interest rates for the fifth time this year.
Thursday September 27 2007
NZ GDP Increases 0.7 % in Q2  
Economic activity increased 0.7 percent in the June 2007 quarter. In the year ended June 2007, the economy grew 2.2 percent.
Wednesday September 26 2007
New Zealand exports fells by 2.7% in August  
Total merchandise exports in August 2007 fell by 2.7 percent when compared with August 2006. Monthly trade balance in August 2007 was a deficit of $945 million.
Wednesday September 12 2007
New Zealand interest rate remains unchanged at 8.25 percent  
Reserve Bank Governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July....
Friday August 24 2007
New Zealand's Annual Trade Gap Wides in July  
Imports and exports fell in July 2007 when compared with the previous year. In July 2006, imports and exports were at record highs for a July month; from those highs imports fell 7.6 percent while exports fell 12.6 percent.
Thursday August 09 2007
New Zealand's Jobless Rate Falls to Record-Low 3.6%  
New Zealand's jobless rate fell to an all-time low in the second quarter, adding to inflation pressure and increasing the prospect the central bank will keep interest rates at a record high until at least June next year.
Friday July 27 2007
New Zealand June trade balance a deficit of $524 million  
The monthly trade balance for June 2007 was a deficit of $524 million. This is the highest deficit for a June month and compares with an average trade balance deficit of $155 million for June months over the past decade.
Wednesday July 25 2007
NZ Interest rate increases by 25 basis points to 8.25 %  
Reserve Bank Governor Alan Bollard said: “The New Zealand economy is running strong. We are recording continued big increases in international commodity prices, especially dairy, reflecting solid world demand for our products".
Tuesday July 17 2007
New Zealand CPI rises 1% in June quarter  
The Consumers Price Index (CPI) rose 1.0 percent in the June 2007 quarter. The CPI increased 2.0 percent from the June 2006 quarter to the June 2007 quarter.
Tuesday June 26 2007
NZ Imports and Exports Down From Last May's High  
Both imports and exports fell in May 2007 compared with May 2006. The main cause of the falls was a decrease in large and irregular items traded.
Monday June 18 2007
New Zealand trade balance a deficit of $212 million in April  
Monthly imports up 13.5 percent on April 2006, mainly due to oil-related products. Monthly exports up 5.2 percent on April 2006, mainly due to kiwifruit, pine logs, and milk powder, butter and cheese.
Monday June 18 2007
New Zealand employment decreases 0.9% in March quarter  
In the March 2007 quarter the number of FTEs decreased 0.9 percent from the previous quarter.This decrease was due to the seasonal influence of the education industry.
Monday June 18 2007
NZ GDP growth picked up towards the end of 2006  
GDP growth picked up towards the end of 2006 after having steadily slowed over the previous two years.
Monday June 18 2007
New Zealand CPI fell to 2.5% in the March quarter  
After reaching a peak of 4 percent in the June quarter of 2006, annual CPI inflation fell to 2.5 percent in the March quarter of 2007. Underlying the volatility in headline inflation, domestic inflation pressures have remained strong and widespread.
Monday June 18 2007
Official Cash Rate increases by 25 basis points to 8.00 percent  
After having increased the OCR by 225 basis points over 2004 and 2005, the Bank of New Zealand left the OCR unchanged at 7.25 percent through 2006.
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