The Reserve Bank (RBNZ) is expected to raise the official exchange rate (OCR) by 50 basis points in Wednesday’s review to 2%, the level the central bank currently views as neutral. The neutral OCR rate is the level where it is considered neither stimulating nor constraining economic activity. As ANZRead More →

istock.com/SDI Productions WASHINGTON — In a sign the housing market is now slowing, builder confidence fell sharply in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases materials and continued home price appreciation take a toll at the buyer’s request. Builder confidence inRead More →

Forecasts indicate that the inflation outlook for the UAE is not as alarming as in the case of a number of developed and emerging economies. “The UAE is well positioned to remain robust with strong oil and non-oil sectors,” said Scott Livermore, ICAEW Economic Advisor and Chief Economist and ManagingRead More →

Neither Treasurer Josh Frydenberg nor Shadow Treasurer Jim Chalmers said what they would do to cut spending after the election, as a reporter pointed out during the Treasurer’s debate. So what do they think their opponent would do? Treasurer Josh Frydenberg and Shadow Treasurer Jim Chalmers at the National PressRead More →