NZ economy
The Tiwai Point aluminium smelter will stay open for the next 20 years after signing an electricity supply agreement with energy companies
31st May 24, 10:54am
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The Tiwai Point aluminium smelter will stay open for the next 20 years after signing an electricity supply agreement with energy companies
Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
31st May 24, 6:36am
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Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
Finance Minister Nicola Willis delivers on her income tax promise
Finance Minister Nicola Willis will use Budget 2024 to rein in government spending after the pandemic-era boost
29th May 24, 5:00am
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Finance Minister Nicola Willis will use Budget 2024 to rein in government spending after the pandemic-era boost
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
26th May 24, 6:00am
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Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
RBNZ Governor Adrian Orr says technology is the answer to banking competition and not capital requirements
23rd May 24, 1:23pm
22
RBNZ Governor Adrian Orr says technology is the answer to banking competition and not capital requirements
Reserve Bank considered lifting interest rates to offset a decline in productivity which is making inflation worse
23rd May 24, 6:00am
73
Reserve Bank considered lifting interest rates to offset a decline in productivity which is making inflation worse
A short-sighted Budget 2024 will leave 'deep economic scars' for the next Labour Government to fix, finance spokesperson Barbara Edmonds says
21st May 24, 10:24am
51
A short-sighted Budget 2024 will leave 'deep economic scars' for the next Labour Government to fix, finance spokesperson Barbara Edmonds says
The full force of monetary policy has yet to be felt in the New Zealand economy and will arrive alongside a pull-back in public spending later this year
8th May 24, 7:50am
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The full force of monetary policy has yet to be felt in the New Zealand economy and will arrive alongside a pull-back in public spending later this year
Government revenue is tracking $1.6 billion below forecast as Budget 2024 approaches
7th May 24, 11:08am
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Government revenue is tracking $1.6 billion below forecast as Budget 2024 approaches
Treasury says New Zealand faces a range of productivity problems which could lead to downgrades in future forecasts
5th May 24, 8:01am
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Treasury says New Zealand faces a range of productivity problems which could lead to downgrades in future forecasts
Softer labour market data won’t be enough to make the RBNZ cut the OCR before late 2024 or 2025, bank economists say
1st May 24, 3:56pm
7
Softer labour market data won’t be enough to make the RBNZ cut the OCR before late 2024 or 2025, bank economists say
[updated]
The Reserve Bank says financial stress is building from very low levels with particular pressure on the commercial property sector
1st May 24, 11:08am
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The Reserve Bank says financial stress is building from very low levels with particular pressure on the commercial property sector
An unexpected surge in American inflation demonstrates the danger of cutting interest rates while risks remain in the domestic and global economy
27th Apr 24, 9:00am
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An unexpected surge in American inflation demonstrates the danger of cutting interest rates while risks remain in the domestic and global economy
New Zealand aims to triple trade with Thailand over two decades as South East Asia’s middle class grows
18th Apr 24, 6:53am
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New Zealand aims to triple trade with Thailand over two decades as South East Asia’s middle class grows
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
18
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
[updated]
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
17th Apr 24, 10:57am
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March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
Small countries should take a stand against 'law of the jungle' and promote free trade, Christopher Luxon and Lee Hsien Loong say
16th Apr 24, 6:59am
16
Small countries should take a stand against 'law of the jungle' and promote free trade, Christopher Luxon and Lee Hsien Loong say
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
11th Apr 24, 7:39am
39
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
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RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
Pricing intentions in NZIER’s quarterly survey are falling closer to the long-run average as demand weakens and firms let staff go
9th Apr 24, 4:56pm
6
Pricing intentions in NZIER’s quarterly survey are falling closer to the long-run average as demand weakens and firms let staff go
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
7th Apr 24, 6:00am
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With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
5th Apr 24, 10:17am
5
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
Finance Minister Nicola Willis faces surplus slipping beyond 2028 as economic forecast worsens
27th Mar 24, 1:27pm
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Finance Minister Nicola Willis faces surplus slipping beyond 2028 as economic forecast worsens
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy
25th Mar 24, 3:40pm
15
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy