Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Still Room to Ease Interest Rates a Tad

Retail Sales Growth Good News But There's Still Room to Ease Interest Rates a Tad

"Confirmation today of the excellent increase in retail sales coming on top of yesterday's news of a very low annual inflation rate and high employment levels continues the good news and suggests that GDP growth for the year will be relatively strong", said Employers & Manufacturers Association Chief Executive, Alasdair Thompson.

"There is no need, however, to dampen this growth and in our view the OCR could still be eased a further 0.25% given the signs that the labour market will soften, that private debt levels will constrain ongoing sales growth and that the world economy may take a while longer to turn around than had earlier been hoped", concluded Mr Thompson.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>