NZIER’s latest survey puts momentum behind economic growth and further rate cuts.
The central bank gets quizzed at select committee about the latest Financial Stability Report.
Unemployment expected to rise as economy slows after repeated OCR hikes.
Times are tough but New Zealanders are resilient: Financial Services Council panel.
Stats NZ data comes in as expected, with unemployment remaining near historic lows.
RBNZ’s Financial Stability Report shows system ‘resilient’ and ‘well placed’ to help struggling Kiwis.
But more borrowers expected to fall behind in repayments this year, according to the RBNZ.
If approved, the changes would take effect from June 1.
Central bank teases next month’s Financial Stability Report with an assessment on inclusion and stability.
Inflation falls to 6.7% in the March year, but domestic inflation still running red hot.