News
Reserve Bank proposes easing loan-to-value ratios
The chances of first-home buyers getting a mortgage may improve with a proposal to allow banks to lend more to low-deposit borrowers.
Willis lauds 'progress' as $9.3b deficit lower than expected
The deficit - $869 million lower than predicted in May - was based on the government's new formula, which excludes the cost of ACC.
OCR slashed by 50 basis points - another cut may follow
The central bank has opted for boldness over caution, and has left the door open for another drop.
Weaker business survey tips odds towards bigger rate cut
The closely followed survey showed slowing demand, more staff cuts, reduced investment and profit expectations.
Government takes softly softly approach to energy reform
Analysis - The government's response to electricity sector reform has been talk of significant changes followed by gradual, piecemeal measures that disappoint many, Gyles Beckford writes.
Reserve Bank could've responded quicker on Covid inflation - report
The central bank has reviewed how it handled monetary policy.
Reserve Bank: New year, new governor - new era?
The rumours of a female overseas appointee proved to be correct, although no-one guessed from as far north as Sweden.
Economy contracts sharply as GDP falls
Figures for the three months to June show the books moving backwards.
Luxon welcomes Reserve Bank's review on amount of capital banks should hold
The banking sector, politicians and the Commerce Commission have complained that capital requirements were stifling competition.
Another OCR cut on the cards, but how many more?
The Reserve Bank will resume cutting interest rates this week, but whether there will be any more remains an open question.
'May get worse': Unemployment rate rises to highest level since 2020
The rate has been steadily going up as businesses either sack staff or stop hiring. Audio
Unemployment rate expected to hit nine-year high
Unemployment is set to hit its highest level in nearly nine years, as the lagging effects of last year's recession and the sluggish recovery hit hiring and wages.
Federated Farmers complaint against banks dismissed
The complaint alleged five banks were co-ordinating their agricultural lending with Net-Zero Banking Alliance strategies.
Labour, National point fingers as inflation jumps to 12-month high
The opposition says it shows cost of living is still a problem, but Nicola Willis is claiming victory. Audio
Inflation predicted to hit 12-month high
The spike is expected to push the September quarter to three percent, but that will be only temporary. Audio
Class action against two major banks offers to settle for $300m
The case involves more than 150,000 customers who were impacted by overcharging of fees and interest.
Liquefied natural gas imports feasible within 3-4 years
But LNG would be costly, might be needed only occasionally, and would likely need backing from the government for fast track consent.
Reserve Bank leaves interest rates untouched
The central bank said it was appropriate to pause as it waited for more data on inflation, the local jobs market, and the impact of US tariffs.
Will there be another cut in the OCR this week?
To cut or not to cut? That is the question confronting the Reserve Bank's monetary policy committee this week. Audio
GDP grows by 0.8% in first quarter of year
The economy grew relatively strongly at the start of the year, however, there are signs it's losing momentum.
Supermarket sector competition reports like Groundhog Day
Analysis - The latest report on the supermarket duopoly concludes much as the first report.
How the Reserve Bank decides the OCR
The setting of the Reserve Bank's monetary policy committee meetings to set the official cash rate every six weeks or so is the closest New Zealand has to a Papal Conclave.