27 Sep 2022

NZ dollar's drop bad news for construction and more

From Checkpoint, 5:07 pm on 27 September 2022

The NZ dollar is on the slide, down 2 percent in the last week and 17 percent down for the year.

It has been caught in the cross fire of high inflation, rising interest rates, and global economic woes.

A local construction supplier says the price of steel jumped 10 percent over the weekend - which will hit the construction industry head on. Here's our business reporter Nicholas Pointon.