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16 Aug 2022 13:59
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  •   Home > News > Business

    A clear signal for the Reserve Bank out of the latest survey on business confidence

    A clear signal for the Reserve Bank out of the latest survey on business confidence


    NZIER's latest Quarterly Survey of Business Opinion shows a net 62 percent of businesses expect a deterioration in economic conditions ahead.

    It's the weakest level since March 2020.

    Principal Economist Christina Leung says we're seeing uncertainty around the impact of high interest rates, as well as an intensification of inflation pressures.

    She says nothing in today's report should dissuade the Reserve Bank from its projected aggressive path of monetary policy tightening.

    © 2022 Newstalk ZB, NZCity

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     Today's News

    Basketball:
    Three newcomers have been named in the Tall Blacks squad for friendlies this week in Japan ahead of two World Cup qualifiers before the end of the month 13:49

    International:
    YouTuber shares 'holiday from hell' after COVID-19 outbreak in China's Sanya puts hotel into lockdown 13:49

    Environment:
    Over a month's worth of rain could fall on our shores this week, especially in parts of the South Island 13:49

    Entertainment:
    Martha Stewart thinks Pete Davidson is a "charming boy" 13:42

    Environment:
    American Samoa's earthquake swarms spark fears of underwater volcanic eruption. This is what we know so far 13:39

    Law and Order:
    A man's appeared in the Auckland District Court today -- charged with murder in relation to the death of Pauline Hanna in Auckland 13:29

    Politics:
    The NRL will wait until later in the week to make a call on which stadium will host the grand final as talks still continue with the Queensland government about a possible shift from Sydney 13:29

    Entertainment:
    Winnie Harlow says it's about time she was known for more than just being that "model with vitiligo" 13:12

    Entertainment:
    Sir Salman Rushdie is "likely" to lose an eye after being stabbed in New York, his agent has revealed 12:42

    Soccer:
    Liverpool have dropped points in their first home game of the Premier League football season 12:29


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