Here's our summary of key economic events over the weekend that affect New Zealand, with news Credit Suisse has been sold off at a bargain-basement price. There is a deal in Switzerland where their #1 bank UBS will buy their troubled #2 bank, Credit Suisse. Their central bank is funding a US$100 bln liquidity support arrangement for the merger in a bid to end the crisis at Credit Suisse. At least 9000 jobs will be cut at Credit Suisse, probably more after the takeover. In Asia, the People's Bank of China is expected to leave its loan prime rates unchanged following fresh liquidity injections.

Source: New Zealand Herald March 19, 2023 21:42 UTC