Stories by Gyles Beckford
News
Inflation rate tipped to fall from 32-year high
New Zealand's inflation rate has likely peaked, but interest rates are expected to continue rising.
Official cash rate raised by 50 basis points to 3.5 percent
The Reserve Bank has raised the official cash rate by 50 basis points to 3.5 percent, as expected.
Reserve Bank expected to announce eighth rise in OCR
The decision, due on Wednesday, is another lap in the Reserve Bank's anti-inflation marathon.
Reserve Bank to deliver OCR raise to seven-year high of 3 percent
It will be the seventh rise in the OCR since last October, the most aggressive tightening cycle since the current monetary policy system was instituted in 1999.
Why are NZ's top companies expected to post earnings amid economic woes?
With a slowing economy, struggling business and consumer confidence, Covid-19 still biting and the impact of rising interest rates and inflation, why are NZ's top companies on the stock exchange…
Fisher Funds has inside running as Kiwi Wealth sale imminent
The sale of state-owned investment business Kiwi Wealth is imminent.
Cost of living soars: Inflation hits 7.3% - highest in 32 years
Inflation has hit a 32-year high on the back of higher housing, food and fuel costs.
Inflation set to reach highest level in 30 years
Hang on to your wallet, inflation is set to nudge through 7 percent to its highest level in more than 30 years.
Reserve Bank raises official cash rate by 50 basis points to 2.5 percent
The Reserve Bank has raised the official cash rate to a six-year high and promised more rises until it gets inflation under control.
'This is their way of trying to restrain economic growth': OCR likely to rise to 2.5 percent
The Reserve Bank is set to make it three in a row this Wednesday - a half a percentage point increase in the official cash rate (OCR) in a replay of its May decision.
NZ economy weaker than expected, latest GDP data shows
The economy unexpectedly contracted at the start of the year as consumers controlled their spending, exports dipped, and primary industries produced less.
Targeted spending, infrastructure delays needed to quell cost of living crisis - OECD report
The government needs to be more targeted in its spending to relieve cost of living pressures and should consider delaying some infrastructure projects, according to the Organisation for Economic…
Reserve Bank increases official cash rate to six-year high of 2 percent
The Reserve Bank has announced another hike of the official cash rate, raising it by half a percentage point to a six-year high of 2 percent as it ramps up the battle against inflation.
Reserve Bank expected to lift interest rate to 2 percent
The Reserve Bank is set to raise its benchmark interest rate to its highest level in six years as it rejoins the battle with surging inflation.
Cautious approach as Budget shows deficits for next two years
The government takes a measured approach to new spending and investment as it looks to negotiate high inflation, global disruptions, and geo-political uncertainties, which it is expecting to dent near…
'Runaway inflation': Rates picked to rise in this week's RBNZ decision
Another rise in interest rates by the Reserve Bank seems certain this week. The only issue is how large will it be.
OCR raised by a quarter of a percentage point to 1 percent
The Reserve Bank has resumed its battle with surging inflation by raising the official cash rate and has signalled more rises this year.
Big banks' economists predict 25 basis points rise to OCR
The Reserve Bank releases its first monetary policy statement this week and the only issue is not if it raises the official cash rate (OCR), but by how much.
FMA's new boss wants focus on making a difference for consumers
The new head of the Financial Markets Authority plans to use empathy, education, and enforcement to deliver good results for consumers and investors.
Business leaders pessimistic on inflation forecasts
A new survey has delivered some sour news to the Reserve Bank with inflation expectations rising to their highest level in more than 30 years.
Inflation rises to highest annual rate since mid-1990
Consumer prices rose 1.4 percent in the three months ended December, taking the annual inflation rate to 5.9 percent.
A2 Milk share price surges as takeover talk gathers pace
Rumours that the embattled specialty dairy company A2 Milk is being eyed as a possible takeover target is being credited with driving its shareprice more than 7 percent higher.
Fonterra lifts payout forecast to record high
The dairy giant has has raised its forecast milk payout to farmers to a record level $8.40 and $9 per kilogram of milk solids.
House price growth edges down for first time in more than a year
The annual pace of rising house prices has started to decline for the first time since August last year, slipping to 28.4 percent Audio
Reserve Bank raises the official cash rate to 0.75 percent
The Reserve Bank has raised the official cash rate for the second time in two months to counter growing inflation pressures and signalled more rises next year.