Cameron Bagrie News
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New Zealand’s central bank Governor Graeme Wheeler is considering Chinese-style lending restrictions to curb a housing boom as weak economic growth and a surging currency rule out economy-wide interest rate rises.
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New Zealand business confidence rose to a 19-month high as record-low interest rates, rising property prices, and an improving global outlook add to signs of an accelerating economic recovery.
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New Zealand business expectations for inflation fell to a 13-year low in November, adding to the case for benign price pressure that may prolong a period of record-low interest rates, according to a private survey.
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New Zealand’s central bank Governor Alan Bollard has given himself “wriggle room” to delay raising the benchmark interest rate until July, economists said.
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New Zealand business confidence fell to a four-month low in August as global financial-market turmoil threatens to damp demand for the nation’s exports, according to a survey by ANZ National Bank Ltd.
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Fewer New Zealand companies are optimistic about the economy and firms are scaling back hiring and investment intentions, according to a survey.
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New Zealand business confidence fell for the first time this year amid concerns that a European crisis will slow global demand and curb exports, according to an ANZ National Bank Ltd. survey.
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New Zealand business confidence rose for a third month in November on expectations for more hiring and investment in the next year and greater optimism about the nation’s economic recovery, a private survey showed.
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New Zealand’s business confidence fell to a five-month low in September amid concerns that the European debt crisis may trigger a global slowdown, according to a survey by ANZ National Bank Ltd.
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In a fake cave in a Wellington suburb, tourists pose by a statue of Gandalf, a hero of the “Lord of the Rings” films that boosted New Zealand’s economy by more than $580 million. The country needs the wizard’s magic more than ever when he returns next month.
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