New Zealand Overseas Visitor Arrivals Rise to 248,700 in August

Arrivals increased about 8% from a year earlier and reached 99% of August 2019 levels, with Australia setting a new record for the month.

Arrivals increased about 8% from a year earlier and reached 99% of August 2019 levels, with Australia setting a new record for the month.

The annual M2 growth rate matched August, while M1 contracted and the broadest liquidity measure increased 4.3% from a year earlier.

The UK will let individual lenders exceed the 15% high loan-to-income mortgage threshold from October 28 while keeping a market-wide safeguard and existing affordability checks.

Energy products and metals pushed Germany’s September wholesale inflation higher, while several food and livestock categories remained cheaper than a year earlier.

Multifamily permit values rose 23.8% in August, with Ontario leading the gains, even as commercial building approvals retreated.

A 30% minimum rate would apply to certain trusts from July 2028, while exemptions, restructuring relief and a beneficiary-election option could limit its reach.

Federal Reserve Governor Christopher Waller said the recent rise in longer-dated Treasury yields appears to reflect firm U.S. growth and other market forces more than a jump in long-run inflation expectations.

The NFIB survey showed weaker expansion plans and more uncertainty in September, even as businesses continued to struggle with hiring and higher costs.

The modest rebound lifted sales to a 3.99 million annual pace, but activity still trailed last year as elevated borrowing costs weighed on buyers.

Equities trading jumped 49% and lending balances grew, although a $658 million securities loss and rising expenses weighed on the quarter.