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The Reserve Bank has held its benchmark interest rate at 0.25 percent, in line with expectations.
New Zealand's gross domestic product fell by 1.6 percent in the first three months of the year as it felt the first hit from the Covid-19 pandemic.
The economy's golden run of nine years of uninterrupted growth is set to come to a shuddering halt with the release of first quarter GDP numbers.
The Reserve Bank governor says it is too early to say whether the central bank will have to significantly expand its bond buying programme to cope with extra government debt.
The economy is expected to have a relatively solid and early bounce back from the Covid-19 pandemic but it will come largely as a result of debt-funded government spending.
The Finance Minister will unveil a Budget today that will set this country's economic course for years, if not decades, to come.
The Reserve Bank is expected to announce a large expansion of its bond buying programme but hold its interest rate steady in its latest monetary policy statement this afternoon.
The economy managed modest growth in the final quarter of 2019, driven by service sector and mining activity, as a sharp recession looms because of the Covid-19 virus.
New Zealand banks are in good shape to cope with the Covid-19 crisis and short-term volatilities, but pressures will increase the longer the pandemic continues, according to ratings agency Fitch.
The Reserve Bank has cut its official cash rate to a record low of 0.25 percent. Video, Audio
Ultra-fast mobile telecommunications networks are coming sooner than expected after the government's decision to make unused radio spectrum available for a short term. Audio
The Reserve Bank has made few concessions in making the country's banks hold more capital to strengthen their finances for any future crisis.
The biggest shake-up for the country's banking system in more than a decade looms on Thursday, writes RNZ business editor Gyles Beckford.
The Reserve Bank has dashed hopes that it would ease mortgage lending restrictions and instead highlighted risks to the financial system from overseas and low interest rates.
The Reserve Bank has held the Official Cash Rate steady at a record low 1 percent, but indicated the door is open to further cuts.
Eighteen years after its inception, Fonterra is guilty of overweening ambition, miscalculation, mismanagement, poor execution, burgeoning debt and corporate arrogance, writes Gyles Beckford.
The Reserve Bank has left its benchmark interest rate on hold at a record low 1 percent, but has indicated the door is open to further cuts.
Annual economic growth has slowed to its weakest level in nearly six years.
Fonterra has postponed the publication of its annual financial results saying it needs more time to finalise its accounts.
Economists went into panic mode today over the 'inverted yield curve' - RNZ Business editor Gyles Beckford explains what it is and why they're worried.
Dairy giant Fonterra is forecasting another big loss as it writes down the value of underperforming overseas assets.
The Reserve Bank has slashed its benchmark interest rate by a greater than expected half a percent in the face of significant headwinds at home and abroad, sending the New Zealand dollar plunging.
The unemployment rate fell to a seasonally adjusted 3.9 percent in the three months ended June.
Consumer inflation increased on the back of higher petrol prices and rents in the past three months, but a gloomy economic outlook is likely to lead to cuts in interest rates.
A group of investors in Ross Asset Management are suing the ANZ Bank, claiming it allowed the failed investment company to operate unlawfully.