Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent, talking down the threat of soft inflation in recent months and reiterating his view the New Zealand dollar is “overvalued”. The kiwi jumped after the statement. “The high New Zealand dollar continues to be a significant headwind for the tradables sector, restricting export earnings and encouraging demand …

Infratil, the Wellington-based investment group managed by Morrison & Co, says its sale of up to $100 million of June 2022 bonds won’t open as planned today because it needs to amend the prospectus for the Labour Party-Greens power plan. “Although the prospectus discloses changes in the regulatory environment as one of the principal risks of an investment in infrastructure …

The New Zealand dollar rose against the euro after German manufacturing and euro-zone services weakened and edged up against the greenback ahead of the reserve Bank’s interest rate review. The kiwi dollar rose to 64.61 euro cents from 64.33 cents at 5pm in Wellington yesterday. It gained to 84.04 US cents from 83.94 cents. A survey of purchasing managers in …