NZ economy surges as housing, retail drive post-COVID recovery - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
“Households spent more on accommodation, eating out, and purchasing big ticket items such as furniture, audio visual equipment and motor vehicles,” Stats NZ accounts manager Paul Pascoe said. The growth followed a disappointing 1 per cent drop in GDP in the December quarter and immediately fuelled speculation that the Reserve Bank will need to consider raising the Official Cash Rate from 0.25 per cent earlier than expected.
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The Monitor looks at how individual parts of New Zealand s economy have rebounded since the Covid-19 pandemic hit. Video first published in April 2021. Most economists have been expecting the central bank to start tightening rates around the middle of next year.
New Zealand economy s faster than expected growth rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
“Grant Robertson’s meddling in the demand side of housing won’t build a single extra home,” says ACT’s Housing spokesperson Brooke van Velden. “Finance Minister Grant Robertson has agreed 'in-principle' to give the Reserve Bank (RBNZ) .
Reserve Bank looks to limit lending to house buyers whose debts outstrip income msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.