Reserve Bank of New Zealand Chief Economist Reiterates Need for Restrictive Policy as Inflation Remains 'Sticky'

The Reserve Bank of New Zealand will keep its restrictive monetary policy to ensure that inflation returns to the target as growth in consumer prices remains "sticky," according to the central bank's

MT Newswires20:50 ET

New Zealand's Current Account Deficit Widens in March Quarter

New Zealand's account deficit widened by NZ$300 million to reach a seasonally adjusted NZ$7.3 billion in the March quarter of the year compared with the previous quarter, Stats NZ reported on Wednesday.

MT Newswires20:37 ET

RBNZ's Conway: Inflation Might Be Stickier in the Near-term, Could Present Some Challenges

Chief Economist of the Reserve Bank of New Zealand (RBNZ) Paul Conway gave a speech on inflation during the early Wednesday market session, noting that inflation troubles exist on both sides of the RBNZ's policy stance.

FXStreet17:42 ET

Market Chatter: New Zealand Economy Likely Expanded Modestly in Q1

New Zealand's economy likely eked out a modest expansion in the first three months of the year to exit a recession, owing to tourism recovery and record immigration, according to a Tuesday report from

MT NewswiresJun 17 20:31 ET

New Zealand Economy Seen Exiting Recession by a Whisker

New Zealand’s economy only just emerged from recession in the first three months of the year with very modest growth, economists predict.

BNN BloombergJun 17 16:16 ET

New Zealand's Services Sector Reaches Record Contraction in May

New Zealand's services sector reached record contraction in May, with the BusinessNZ Performance of Manufacturing Index falling 3.6 points to 43 from 46.6 in April, the trade organization said in a Mo

MT NewswiresJun 16 21:15 ET