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The Reserve Bank's Remit is its operational objective. It currently includes keeping inflation between 1 and 3 percent with a focus on keeping it near the 2 percent midpoint, as well as supporting maximum sustainable employment. Robertson's request came after house prices soared by 20 percent on the same time in 2019, defying predictions of a COVID-19 crash. Median house prices in Auckland recently surpassed $1 million, well beyond the reach of many first-home buyers. Orr released his official response to Robertson a month later, rejecting the suggestion of adding a house price consideration ...

Businesses in Saudi Arabia are showing signs of recovery, with some big winners By Khalid Suleimani and Loulwa Bakr, senior partners at Chrome Advisory  Some of the most optimistic people did not expect to see the rapid recovery of startups and small and medium enterprises (SME) in Saudi Arabia, following both the lockdown due to the Covid-19 pandemic and the increase of VAT. In addition, few expected to see the dynamic transformation of business models across many of the startups and SMEs, along with the overall growth of some within this sector. The notable and rapid intervention of the S...

The level of government debt was also exaggerated by “noise” associated with the Reserve Bank’s Funding for Lending Programme (FLP), under which the Reserve Bank has agreed to lend up to $28b to banks, he said. “An accounting quirk means the liabilities associated with the FLP are included in the Government’s net debt figures but the, largely offsetting, assets are not.” Ross Giblin/Stuff Only $40m had been drawn down from the Reserve Bank’s Funding for Lending scheme as of Tuesday. If the impact of the Reserve Bank’s actions were ignored, then the Treasury would be expecti...

Press Release – New Zealand Government The Governments decision to act quickly in response to the global COVID-19 pandemic has contributed to a better than expected economic recovery, Grant Robertson says. The Treasury today released its latest economic and fiscal forecasts in the 2020 … The Government’s decision to act quickly in response to the global COVID-19 pandemic has contributed to a better than expected economic recovery, Grant Robertson says. The Treasury today released its latest economic and fiscal forecasts in the 2020 Half Year Economic and Fiscal Update. While New Zealan...

11 December 2020 | 09:00am StockMarketWire.com - Clothing retailer French Connection said performance since reopening stores in December had been encouraging and spring orders for 2021 were ahead of expectations. The company said that difficult conditions including reduced footfall as a result of the tiered C-19 restrictions seen in September were exacerbated by the national lockdown in November. E-commerce channels continued to trade positively despite the company adopting a less promotional stance during the period than last year. Wholesale performed well 'with our major online customers ...