
House sales up 7.8pc - REINZ
The general election failed to dent September house sale volumes which rose nearly 8 per cent last month.
The general election failed to dent September house sale volumes which rose nearly 8 per cent last month.
The Reserve Bank has released an animated educational video explaining the functions of money in New Zealand.
New Zealand food prices fell in September, as cheaper cheese and seasonal fruit and vegetables offset rising meat prices.
Property values rose 6.4 per cent nationwide in September, slowing from an annual pace of 6.9 per cent in August, according to QV.
The NZ dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market.
The New Zealand dollar dropped against the greenback yesterday afternoon after the Reserve Bank released data which confirmed that it had put its money where its mouth was last month, selling $521 million in a bid to push the exchange rate lower.
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.
The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.
Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
Aucklanders reportedly flocked to open homes on Sunday, surer of their spending power post-election.
The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.