Stories by Gyles Beckford
News
Reserve Bank interest rate rise likely foregone conclusion
Another interest rate rise from the Reserve Bank seems a foregone conclusion this Wednesday.
Increase in cargo helps drive record profit at Napier Port
Napier Port has shaken aside the effects of Covid-related disruptions and fewer ship visits to post a record full year profit.
Allbirds shares hit high of $US27 on Nasdaq debut
New Zealand-founded shoe maker Allbirds has had a strong debut on the US Nasdaq technology dominated stock exchange.
Inflation hits highest level in a decade as consumer prices rose
Inflation has hit its highest level in a decade as consumer prices rose 2.2 percent in the three months ended September, taking the annual rate to 4.9 percent.
Economists expect inflation to reach highest level in a decade
Inflation is expected to hit its highest level in a decade when the latest data is released on Monday.
Will Reserve Bank raise the cash rate?
For the Reserve Bank this Wednesday, it could be second time lucky.
Reserve Bank leaves OCR unchanged due to Covid uncertainty
The Reserve Bank has left the official cash rate unchanged at a record low 0.25 percent because of uncertainty caused by the re-emergence of Covid-19 in the community and the subsequent lockdown.
Reserve Bank poised to increase OCR to ease economic pressures
The Reserve Bank looks set to deliver its first rise in the official cash rate in seven years on Wednesday.
FMA warns insurance firms on overcharging customers, poor value products
The insurance industry is generally ill-prepared and, in some cases, ignorant and indifferent to improving its conduct and treatment of customers, according to the Financial Markets Authority. Audio
Inflation hits highest level in a decade
Higher prices of food, fuel, and building and running a house were the main drivers of the increase.
Cash rate kept at 0.25 percent, but Reserve Bank changes tack
The Reserve Bank has held the official cash rate at a record low 0.25 percent, but has taken a significant step towards eventual rate rises.
Earlier interest rate rises may be on way, economists warn
Economists are warning the tide is turning on rock bottom interest rates, bringing with it the prospect of higher debt costs for households and businesses.
Debt-to-income ratios will have 'limited' impact on first home buyers - RBNZ
The Reserve Bank is to get another weapon to combat a hot housing market and the threat it may pose to the financial system.
Reserve Bank expected to hold steady on policies, OCR
Analysis - The central bank will likely hold its official cash rate steady, and leave other key policies unchanged, Business Editor Gyles Beckford writes.
Budget 2021: Swifter rebound results in lower deficits and debt burden
The faster and stronger economic rebound from the Covid-19 pandemic is allowing the government to spend more and borrow less.
Reserve Bank holds official cash rate at record low 0.25 percent
The Reserve Bank has held interest rates steady, and reaffirmed easy money policies through the bond buying and funding for lending programmes.
Reserve Bank tipped to hold steady in regular review
A 'steady as it goes' statement with a reaffirmation of easy monetary policies and an uncertain economic outlook are expected to be the key messages from the Reserve Bank in its regular policy and…
Who was Sir Ron Brierley, corporate raider guilty of possessing child sex abuse images?
Analysis - Prominent retired businessman Sir Ron Brierley's guilty plea to possession of child sex abuse images is the final fall from grace for the clinical corporate raider, writes RNZ Business…
Analysis: Why would Westpac want to sell its New Zealand business?
One of the country's best performing banks has had the "for sale" sign hung in the window, why would Australia's Westpac want to sell one of its golden eggs? RNZ Business editor Gyles Beckford explain…
GDP drops 1 percent at end of 2020
The fall in gross domestic product was driven by a weakening in commercial construction, retailing, and parts of the hospitality sector.
Fonterra reports $391m half-year profit
The dairy giant's profit was down more than 20 percent on last year's result, though that had been inflated by gains from asset sales.
NZ to push for tariff-free trade of Covid-19 essentials among APEC members
New Zealand wants to drive the free and easy trade of Covid-19 vaccines and medical equipment between APEC members.
Lacklustre sharemarket launch for meal kit maker
Meal maker My Food Bag has had a weak debut on the stock exchange.
Govt tells Reserve Bank to take house prices into account
The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Finance Minister Grant Robertson has announced.
Reserve Bank holds OCR at 0.25 percent
The Reserve Bank has held the official cash rate steady, saying it is ready to keep monetary policy loose to support the economy.