Friday, March 18, 2011
The earthquake that devastated the city of Christchurch last month will add about US$3.6 billion to New Zealand's budget deficit this year, raising it to 8 percent of gross domestic product, the government said Thursday.
Friday, March 11, 2011
New Zealand's central bank cut its key interest rate to 2.5 percent from 3.0 percent Thursday, saying last month's destructive earthquake in the city of Christchurch is having a disruptive impact on economic confidence.
Thursday, March 3, 2011
Re-insurer Swiss Re estimated Wednesday that its claims cost from the earthquake last month in New Zealand would total around US$800 million.
Friday, February 4, 2011
New Zealand's unemployment rate rose to 6.8 percent in the December quarter, up from 6.4 percent in the previous three months, according to official figures released Thursday.
Tuesday, February 1, 2011
Increased Chinese demand and soaring international prices for dairy products and lumber helped boost New Zealand exports by nearly 10 percent to a record NZ$43.5 billion (US$35 billion) last year, according to official figures released on Monday.
Friday, January 28, 2011
New Zealand's central bank held its key interest rate at 3 percent Thursday while saying rates were likely to increase “modestly” over the next two years.
Friday, January 21, 2011
Consumer prices in New Zealand saw their biggest quarterly jump in nearly 22 years in the three months to December as a rise in consumption tax lifted inflation, official data showed Thursday.
Tuesday, January 4, 2011
New Zealand and Hong Kong launched a Closer Economic Partnership (CEP) Monday which New Zealand Trade Minister Tim Groser said was part of a regional drive towards trade growth through liberalization.
Thursday, December 23, 2010
The New Zealand government rejected on Wednesday a Chinese bid to buy 20 farms as the start of a drive for a foothold in the world's biggest international dairy industry.
Friday, December 10, 2010
New Zealand's central bank Thursday kept the benchmark interest rate at 3 percent in a scheduled review of monetary policy on Thursday.