Govt deficit news better than forecast
A month after releasing new budget forecasts, the New Zealand government is tracking above them.
A month after releasing new budget forecasts, the New Zealand government is tracking above them.
The Reserve Bank is unlikely to cut its official cash rate, economists say, despite another quarter of weak inflation. The consumers price index fell 0.2 per cent in the December quarter, when the markets and the Reserve Bank had expected a 0.1 per cent r
Low floating mortgage interest rates look set to lift in the second half of next year, economists say.
Reserve Bank governor Graeme Wheeler has warned excessive credit growth may trip up New Zealand's economic rebalancing and has singled out agricultural debt as being uncomfortably high.
John Key says the Greens' call for the Reserve Bank to print more money in a bid to devalue the dollar is "pretty wacky'' and could create a financial crisis.
National says the Greens' call for the Reserve Bank to print money in a bid to devalue the dollar is a "snake-oil solution" but it has backing from Labour.
Brian Falllow ponders what can be done about the high kiwi dollar. And would changing the Reserve Bank's statutory mandate do any good?
The steady life in sales and prices started in the central Auckland suburbs over a year ago and has now spread across the new supercity. But as Bruce Morris reports, it's still tough going out in the provinces.