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You cannot blame the current round of retail bankruptcies and store closures on declining mall traffic. Malls have generally performed about as well as they have traditionally, so stores have had opportunities to sell to Read more…
The RBNZ delivered the expected 25bp OCR cut in April and maintained an easing bias. Risks related to global developments were noted, but the overall tone didn’t suggest a sense of undue alarm. RBNZ 9 Read more…
RBNZ delivered a widely expected 25bps cut in the Official Cash Rate, bringing it to 3.50%. The policy statement highlighted that the recently announced global trade barriers create “downside risks to the outlook for economic Read more…