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RBNZ: Inflation. What inflation?
by Nicole Greenslade - Friday, 12 May 2017, 3:51 PM
 

At yesterday’s Monetary Policy Statement (MPS) release the Reserve Bank of New Zealand (RBNZ) genuinely surprised financial markets, by assessing that the economic data received since February had a neutral impact on the appropriate stance of monetary policy.  While in the lead up many commentators had focused on the recent jump in annual Consumer Price Index (CPI) inflation, the RBNZ’s response could be summed up as “what inflation?”       read more.....

Publication by Harbour Asset Management

 
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Outlook for bank credit ratings
by Nicole Greenslade - Friday, 12 May 2017, 3:51 PM
 

According to both Standard & Poor’s (S&P) and Moody’s, the major Australian banks’ credit ratings are on a negative outlook classification. The big four New Zealand banks’ credit ratings would also be downgraded alongside their parents. On Monday, the Australian Government Budget release may provide the catalyst for a ratings downgrade.       read more.....

Publication by Habour Asset Management

 
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Canterbury economic activity still robust
by Nicole Greenslade - Friday, 28 April 2017, 1:25 PM
 

For the last 5 years the rebuilding of Christchurch has contributed strongly to NZ’s economic activity. Canterbury’s economy is currently undergoing a significant transition. While a moderation in residential and commercial construction activity is occurring, significant Government anchor projects remain in the pipeline. A recovery from local drought conditions and the re-opening of transport routes should also be supportive. Our assessment is that, overall, Canterbury economic activity is still robust.         read more.....

Publication by Harbour Asset Management