Stories by Gyles Beckford
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Reserve Bank holds OCR at 5.5 percent
The Reserve Bank has left the official cash rate unchanged for a sixth consecutive meeting.
Lower interest rates near, Reserve Bank hints
The tide is turning on inflation, and RBNZ governor Adrian Orr says "we're now in a much happier space". Audio
New Zealand is in a recession: What you need to know
What is a recession and what is gross domestic product? RNZ is here to clear it all up.
Commission's axing called 'cruel' and 'thoughtless'
"To hear via a public announcement ... This did not reflect well on those who decided," Productivity Commission chair Ganesh Nana says.
Tax changes needed to boost build-to-rent sector - Kiwi Property
The commercial property developer is urging the government to make tax and investment rule changes to boost build-to-rent developments and help with the shortage of affordable housing.
Consumer spending subdued in last quarter of 2023
Kiwibank economist blames high inflation, interest rates and rising costs for people buying less.
Unemployment nudges up to 4 percent, below expectations
It remains strong enough to keep interest rates high for some time.
RBNZ chief economist dampens talk of interest cuts
Paul Conway explicitly steered away from commenting on how the slower inflation numbers and the surprise contraction in the economy might affect future rate decisions.
Inflation slows to lowest rate in more than two years
The CPI rose 0.5 percent in the December quarter, as rising rents, rates and insurance offset cheaper food and fuel.
Government books show worsening outlook, deficit curbed by immigration
The government says it has started a multi-billion dollar repair job as a new set of forecasts showed a worsening economic outlook and government's financial position in the next few years.
NZ interest rates need to stay high, tax cuts may drive inflation - OECD
The group suggests New Zealand can expect only "modest" growth in the next couple of years.
Little impact on inflation, interest rates from new government - economists
The barebones of the policies released in the coalition agreements confirm much of the three parties' pre-election manifestos.
Labour's Damien O'Connor sole Kiwi face at APEC
Outgoing Trade Minister Damien O'Connor is talking up the trade positives and skirting the geo-political negatives at the APEC summit.
Shadow over APEC summit lifts, rivals US and China restore some balance
A shadow looks to have been lifted over the APEC summit in San Francisco as hosts USA and rival China looked to have restored some balance in to their relationship.
S&P: 'No reason to change' NZ's credit rating with new govt
The change of government will have no impact on the country's top-level credit rating, according to a global agency.
Doubts over whether National can deliver mini-budget before Christmas
The financial and economic impacts of the election of a National-led government will be muted in the near term as parties await for final results, which will determine negotiating partners and…
RBNZ holds the OCR steady at 5.5 percent
The Reserve Bank has held the official cash rate steady, as expected, and reiterated rate cuts are a long way off.
Election 2023: PREFU shows govt books in slightly better shape than expected
The economic outlook and government books are in slightly better than expected shape, but still face a challenging couple of years, according to pre-election forecasts issued by the Treasury.
New Zealand wins trade dispute with Canada over dairy access
An independent panel has ruled that the dairy quotas were improperly used to keep out dairy exports and protect Canada's powerful domestic industry.
Mainzeal directors lose appeal, ordered to pay nearly $40m in damages
The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal, with $39.8m in damages, plus interest, awarded against them for breaching the Companies…
Reserve Bank leaves Official Cash Rate unchanged at 5.5%
The Reserve Bank has left the cash rate unchanged, as expected, and reaffirmed rates will stay high well into next year.
Reserve Bank expected to hold OCR steady as it assesses state of inflation
Economists are unanimous in expecting no change to the official cash rate this week, but some believe inflation will be stickier than expected and by year's end, another rate rise will be needed.
Inflation falls to lowest level since late 2021
Inflation has fallen to its lowest level since late 2021, with Stats NZ reporting the annual rate dropping to 6 percent.