#RBNZ hashtag - Bluesky

7 months ago

4. #Willis squeezed #Orr on funding for things he knew were important, like studying the effects the #climate crisis would have on the #economy -more catastrophic weather events,not only impacting infrastructure but food output, inflation & exports #nzpol #RBNZ #SackWillis #Banks #Risk #deregulation

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7 months ago

3. #Willis wanted to loosen the requirement for the #banks to keep 18% of their #risk-weighted assets as capital & Orr being adamant that would endanger the safety of the banking system.
This was the real reason Willis wanted to get rid of #Orr. #nzpol #RBNZ

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Neil Quigley told the National Party he had a gift for them. National gave one of their own Part 2 of the explosive Adrian Orr Cover Up Story and why it matters

7 months ago

2. Neil Quigley told the National Party he had a gift for them. National gave one of their own:
Part 2 of the explosive Adrian #Orr Cover Up Story and why it matters - Mountain Tui #nzpol #RBNZ #ReserveBank #NZ
open.substack.com/pub/mountain...

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Adrian Orr Was Pushed By Neil Quigley - Nicola Willis Knew Quigley, the RBNZ Board etc. all appeared to take part in this explosive cover up. So did our Finance Minister. Part 1 of 2.

7 months ago

1. Adrian #Orr Was Pushed By Neil Quigley - Nicola Willis Knew:
Quigley, the #RBNZ Board etc. all appeared to take part in this explosive cover up. So did our Finance Minister.
Part 1 of 2 -Mountain Tui #nzpol
open.substack.com/pub/mountain...

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RBNZ Chair Quigley resigns from board (Reuters) -Reserve Bank of New Zealand Chair Neil Quigley has tendered his resignation from the board and as chair with immediate effect, Finance Minister Nicola Willis said on Friday. "Mr Quigley has decided that having overseen a number of key workstreams for the Bank, now is the appropriate time for him to hand over to a new Chair," Willis said in a statement. Quigley spent 15 years as a board member of the central bank and nine as chair. He was re-appointed to the role in 2024 for a further two-year term. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Which stocks should you consider in your very next trade? The best opportunities often hide in plain sight—buried among thousands of stocks you'd never have time to research individually. That's why smart investors use our Stock Screener with 50+ predefined screens and 160+ customizable filters to surface hidden gems instantly. For example, the Piotroski's Picks method averages 23% annual returns by focusing on financial strength, and you can get it as a standalone screen. Momentum Masters catches stocks gaining serious traction, while Blue-Chip Bargains finds undervalued giants. With screens for dividends, growth, value, and more, you'll discover opportunities others miss. Our current favorite screen is Under $10/share, which is great for discovering stocks trading under $10 with recent price momentum showing some very impressive returns! Shayan Wahid

7 months ago

Click Subscribe. #RBNZ #NewZealand #Economy #Finance #QuigleyResignation

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Cristina Deukett 🇧🇧+🇷🇴=🇳🇿

@artyfarty87.bsky.social

7 months ago

Paul Conway has a compelling take on the role/limits of the #RBNZ on #Aotearoa ’s economy. I invite you to watch the full interview with @bernardchickey.bsky.social, it’s pretty interesting.
#economy #nzpol #inflation
www.youtube.com/watch?v=d9u9...

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NZ business will get used to global uncertainty, RBNZ economist says By Lucy Craymer WELLINGTON (Reuters) -The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country’s central bank said on Friday. Paul Conway, chief economist at the Reserve Bank of New Zealand, said the confidence shock will pass and business will “just get on with it.” "I fully expect uncertainty to persist into the future but to some extent, we get used to it,” Conway told Reuters in an interview. "We can’t sort of wait and see what’s going to happen…forever," he said. He added the central bank’s decision to cut the cash rate by 25 bps this week to 3.0% and flag further cuts was encouraging businesses to get on with it. At its decision on Wednesday, the central bank highlighted weakness in both consumer and business confidence and the impact that this was having on spending as being one factor of concern for the economy. Governor Christian Hawkesby has said the impact of this uncertainty had been greater than the bank thought. The U.S. has placed a 15% tariff on goods being imported from New Zealand, which was worse than the 10% initially signalled but not as bad as many other trading partners. Conway said the changes to tariff rates were creating uncertainty and that is like “another shock on top of the tariff in the first place.” “Those types of factors are ... causing businesses to be a little more reticent, households to be a little more reticent and that’s perfectly rational,” he said. The central bank decision to cut by 25 bps was not unanimous with two of the six board members voting to cut by 50 bps. Conway said one member was "particularly keen" on a hold but ultimately the committee decided only to vote on cutting. The member was concerned it "could sort of morph into more persistent inflation pressure," he said. Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.

7 months ago

Click Subscribe. #NewZealand #Economy #RBNZ #BusinessNews #GlobalUncertainty

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NZ central bank cuts rates to 3-year low, flags more easing; kiwi $ tumbles By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on Wednesday, and flagged further reductions in coming months as policymakers warned of domestic and global headwinds to growth. The New Zealand dollar fell as much as 0.8% to $0.5845, while two year swap rates slumped as deep as 2.96% -- their lowest level since early 2022 -- as the decidedly dovish stance caught markets off guard. The Reserve Bank of New Zealand said the economy had stalled in the second quarter, and that the committee debated holding rates as well as reducing them by 25 basis points or 50 basis points. The cut in the official cash rate by a quarter point was in line with a Reuters poll in which all but two of the 30 economists surveyed correctly forecast the RBNZ’s decision, after the bank held policy steady in July. The central bank has slashed rates by 250 basis points since August 2024 to underpin a fragile recovery, taking advantage of expectations inflation will return to 2% next year and to buffer the economy from a broad shakeup in U.S. tariff policy. “There are upside and downside risks to the economic outlook. Cautious behaviour by households and businesses could further dampen economic growth. Alternatively, the economic recovery could accelerate as the full effects of interest rate reductions flow through the economy,” the RBNZ said in its accompanying policy statement. The central bank forecast in its Monetary Policy Statement that the cash rate will be at 2.71% in the fourth quarter of 2025, below a forecast of 2.92% in May. In the first-quarter of 2026 it expects it to average 2.55%, lower than the previously forecast 2.85%. "If medium-term inflation pressures continue to ease as expected, there is scope to lower the OCR further," the statement added.A global front-runner in withdrawing pandemic-era stimulus, the RBNZ lifted rates 525 basis points between October 2021 and September 2023 to curb inflation in the most aggressive tightening since the official cash rate was introduced in 1999. The punishing borrowing costs, however, took a heavy toll on demand and tipped the economy into recession last year. While, the South Pacific nation has emerged from the slump, growth remains weak and is being further hampered by a slowdown in the global economy and the government’s tight fiscal policy. Adding to the domestic economic stress, unemployment is also rising. New Zealand’s annual inflation remains within the RBNZ’s 1%-3% target band at 2.7% and the central bank is forecasting it will increase to 3.0% in the third quarter. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

7 months ago

Click Subscribe. #NewZealand #RBNZ #InterestRates #KiwiDollar #EconomicNews

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