I’ve been continuing to reflect on Graeme Wheeler’s repeated observation that New Zealand’s exchange rate “needs” to come down. I’m still not entirely sure what he means. 289 more words
Tags » Exchange Rate
Divergent UK sectoral borrowing trends and reduced foreign demand for UK debt: monetary policy implications?
This morning’s BoE data (for June) contained two potential downsides: (i) weak corporate borrowing, actually involving net repayments on the month even on the broader total external finance measure and a rise in borrowing rates equivalent to a 25bp MPC rate hike; (ii) a… 1,235 more words
Australian bank notes and coins.PHOTO: BLOOMBERG
SINGAPORE – The Australian dollar on Monday morning weakened below parity against the Singapore dollar for the first time since it last closed below that level in March 2009 during the global financial crisis. 308 more words
Yesterday’s Business Day published a very informative, if not entirely terrifying article entitled “SA cannot bank on bulwark against reckless racial agenda”. Written by John Kane-Berman, who works at the South African Institute of Race Relations, it provides a frank view on new SA government transformation regulations, including allowing tenders to be adjudicated on the 50/50 rule going forward for contracts under R10m in value, and highlighted the continual goal post shifting for BEE rules and targets that companies must comply with. 432 more words