The Treasury notes ‘prolonged’ caution by businesses and households as a risk to the economic recovery next year.
New RBNZ governor has an on-record breakfast briefing with media as a new era of communication begins.
The bank’s new top brass reflected on a rough year of resignations, redundancies, and OCR cuts.
WATCH: RBNZ assistant governor Karen Silk is encouraged by signs of a turnaround after successive rate cuts.
A recovery is happening now, Christian Hawkesby tells select committee.
New RBNZ Governor Dr Anna Breman may have a quiet start to the job, with some economists picking the end of rate cuts.
The central bank eased the cash rate by 25bps today after the majority of MPC members voted for a move downwards.
Citi economist Faraz Syed suggests the Monetary Policy Committee deliver another 50bps cut this month to cement economic recovery.
The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Insolvencies have been increasing in the face of tougher economic times, Reserve Bank’s financial stability report shows.