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Budget unlikely change Reserve Bank views
2016-06-03

Budget unlikely to change Reserve Bank views
 
It’s been described as a no surprises, boring Budget, but what might Budget 2016 mean for interest rates?
Friday, May 27th 2016, 11:49AM
by Miriam Bell
Finance Minister Bill English delivered this year’s Budget yesterday and, while health and education were the big winners in terms of spending, there were few significant new initiatives.
For example, despite intense public focus on Auckland’s housing issues in the lead-up to the Budget, English delivered little in the...

FIVE TIPS FOR FINANCIAL HEALTH:
2016-05-26

 FIVE TIPS FOR FINANCIAL HEALTH
The spreadsheet is full of things you'd never consider yourself when budgeting (the cost of contact lenses, school trips, lunchtime sandwiches) and a calculator at the end that gives you a final sum of incoming and outgoing. It tells me I've got a surplus of about $1,000 a year. Not great, but not desperate. When I meet McQueen, she adds in everything I've forgotten, and comes up with a deficit of $5,000. Then comes a pie chart which rather re-affirms what I felt: I'm not particularly profligate (a product of my Yorkshire birthright) but I'm spending 59 per cent of my income on my home. All this can be fixed, she says....

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RBNZ MAY HOLD OFF CUTTING INTEREST RATES UNTIL AUGUST, ANZ ECONOMISTS SAY
2016-05-20

The Reserve Bank may hold off cutting interest rates until August rather than moving in June because the economy isn't looking so bad and it's tactically better to wait longer, ANZ New Zealand economists say.
Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at his review last month, predicting inflation would pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. Still, he said further policy easing may be required to ensure that future average inflation settles near the middle of the 1 percent-to-3 percent target band.
"We now expect the RBNZ to...

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