Stuff
So long as inflation expectations coming back to 2%, central bank can "afford to have a little bit of time" to get there, says Christian Hawkesby.
Newshub
Infometrics has issued a new set of forecasts for the coming year.
Asia Times
It’s a case of déjà vu all over again on the debt ceiling debate. Republicans, who regained control of the House of Representatives in November 2022, are threatening to not allow an increase in the…
US GDP up 2.9% but with a soft underbelly. US initial jobless claims push lower again. Modest gains for US equities. Treasury yields up 4bps for the day and USD modestly stronger
RNZ
Two-thirds of property investors are opting to take the short-term pain of fixing their mortgage rates for a year in anticipation of interest rates easing, a survey has found.
RNZ
The Reserve Bank is tight-lipped about how much of an increase is required but said it was necessary for financial stability and monetary policy reasons.
Total real estate agency commissions estimated to be down by almost a third last year compared to 2021
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
Stuff
ANALYSIS: The incoming PM has indicated what his immediate priorities are: a laser focus on the economy and ditching unpopular policies.
The countdown toward a possible U.S. government default is in the offing, and frictions between President Joe Biden and House Republicans are raising alarms about whether the United States can sidestep a potential economic crisis.
Asia Times
TOKYO – On Wednesday (January 18), the Bank of Japan did what officials in Tokyo do best: take the economic path of least resistance. The betting that Governor Haruhiko Kuroda would shock mar…
NZ Herald
Sales plummeted year-on-year, but at least the pace may have slowed.
NZ Herald
The world's second largest economy was under pressure from anti-virus controls last year.
CNN
China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing much-needed support for the world's second largest economy that's hammered by its zero-Covid policy.
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.
Asia Times
TOKYO — If you want to know how worried Asian officials are over a sliding US dollar this year, look no further than the frantic scene at Bank of Japan (BOJ) headquarters. For at least five days no…
RNZ
The watchdogs told institutions to be wary of potential fraud, legal uncertainty and misleading disclosures.
www.oneroof.co.nz
With inflation running hot and the Reserve Bank hiking interest rates to cool it, KiwiBank economist Mary Jo Vergara breaks down what inflation is, why it’s so high and what that means for the housing market.
The Money