DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Christian Hawkesby - 2 Takahide Kiuchi - 1 Goushi Kataoka - 1 Boris Vujcic - 1 Robert Holzmann - 1 Hawkesby - 1 Divya Chowdhury - 1 Savio Shetty - 1
Top related locs:
MUMBAI China Europe Croatian Austrian United States Mumbai Bengaluru
Top related orgs:
Thomson - 2 Former Bank of Japan - 1 Reuters Global Markets - 1 European Central Bank - 1 ECB - 1 Reserve Bank of New Zealand - 1 Reserve Bank of New - 1 REUTERS - 1

Search resuls for: "Christian Hawkesby"


4 mentions found


☆ Policymakers see darker days ahead in China as growth sputters
  + stars: | 2023-09-07 | by ( Divya Chowdhury | ) www.reuters.com   time to read: +3 min
MUMBAI, Sept 6 (Reuters) - Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven as "difficult". "The inflation rate in China is around 0% - that means distortion of domestic demand and domestic supply," he said. This follows economic growth in 2022 recorded at one of its worst levels in nearly half a century. The Croatian central bank chief sees narrowing room for expansionary policies in China, adding, "We have to be careful." The RBNZ has already factored in "a pretty subdued period" for commodity prices within their projections, before they see them beginning to rise again, Hawkesby said.
Persons: Takahide Kiuchi, Goushi Kataoka, Boris Vujcic, Robert Holzmann, Christian Hawkesby, Hawkesby, Divya Chowdhury, Savio Shetty, Lisa Mattackal, Mehnaz Yasmin, Mark Heinrich Our Organizations: Former Bank of Japan, Reuters Global Markets, European Central Bank, ECB, Reserve Bank of New Zealand, Thomson Locations: MUMBAI, China, Europe, Croatian, Austrian, United States, Mumbai, Bengaluru
☆ Reserve Bank of New Zealand: stress test shows life insurers can withstand shocks
  + stars: | 2023-08-07 | by ( Lucy Craymer | ) www.reuters.com   time to read: +1 min
Two people walk towards the entrance of the Reserve Bank of New Zealand located in the New Zealand capital city of Wellington, March 22, 2016. REUTERS/Rebecca Howard/File PhotoWELLINGTON, Aug 8 (Reuters) - Reserve Bank of New Zealand said on Tuesday that its first life insurance industry stress test showed large insurers are well placed to withstand severe economic and insurance shocks, while continuing to pay out on policy claims. He added that stress tests play an important role in helping build understanding of how particular risks may impact financial stability as well as building capability across industry to manage these risks. The RBNZ will now undertake stress tests on the life insurance industry annually. Reporting by Lucy Craymer Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Rebecca Howard, ”, Christian Hawkesby, Lucy Craymer, Chris Reese, David Gregorio Our Organizations: Reserve Bank of New, REUTERS, Thomson Locations: Reserve Bank of New Zealand, New Zealand, Wellington
☆ New Zealand jobless rate remains low, wage inflation hits record
  + stars: | 2022-11-02 | by ( Lucy Craymer | ) www.reuters.com   time to read: +2 min
WELLINGTON, Nov 2 (Reuters) - New Zealand's jobless rate held at 3.3% in the third quarter, and wage inflation hit its highest level on record, adding to expectations the central bank will increase interest rates by a historic 75 basis points at its next meeting. HOT JOB MARKETThis tightness saw wage inflation hit its highest levels since the survey began in 1993 with third-quarter seasonally adjusted private sector wages up 3.8% on the previous year. Wage inflation highlights the extent of the challenge that the RBNZ faces bringing inflation under control, Michael Gordon, acting chief economist at Westpac said in a note. "There is no room for relenting on the path to higher interest rates yet," he said. New Zealand inflation is running at 7.2%, far above the central bank's target of 1-3% over the medium term.
☆ New Zealand's central bank says banks likely to withstand stagflation
  + stars: | 2022-10-30 | by ( Lucy Craymer Harshita Swaminathan | Lucy Craymer | Harshita Swaminathan | ) www.reuters.com   time to read: +1 min
Oct 31 (Reuters) - The Reserve Bank of New Zealand said on Monday its annual stress test on the banking sector showed banks were "well placed" to overcome stagflation. The RBNZ's Deputy Governor Christian Hawkesby said while banks' capital buffers would take a hit in a stagflation scenario, where high inflation is paired with negative economic growth, they would remain well above the regulatory minimums. Inflation in New Zealand is tracking just below three-decade highs at 7.2% and the central bank has been aggressively hiking the cash rate to try to dampen it. Gross domestic product rose 1.7% in the June quarter, but increases in the cash rate raise the risk of a contraction. The Central Bank is due to release its twice yearly Financial Stability Report on Nov. 2.
0 next >>
Total: 4