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Economy news
Ayrburn owner Winton Land suffers profit drop
Luxury developer says downturn has been more severe and prolonged than expected.
How much bigger could the economy be if the corporate tax rate was cut?
Deloitte economist shares her tax modelling.
Watch: Reserve Bank Governor speaks after OCR cut, major banks lower lending rates
The Reserve Bank is now offering a fresh take on where the economy is headed.
‘Market turned down more quickly ... deeply’: Fletcher CEO on climbing losses
New CEO steps in as losses climb further: what next for the giant Australasian business?
Inside Economics: Big rate call today, plus brain drain stats reveal alarming exodus of older workers
It is the trend for record departures of those in their 30s and 40s that should worry us.
Fletcher Building's half-year loss climbs to $134m
Intense competitive forces, slowing of demand influence result.
GDP
Editorial: Govt must listen to RBNZ call for better economic statistics
OPINION: Failure to accurately record economic progress can have costly consequences.
Reserve Bank on track for ‘more cuts sooner’ but reduces forecast for house prices
The RBNZ warned of uncertainty around US tariffs and geopolitical events.
Watch: Reserve Bank Governor speaks after OCR cut, major banks lower lending rates
The Reserve Bank is now offering a fresh take on where the economy is headed.
Employment
‘Customers have less money’ - SkyCity chief on downgrade of full-year profit
Casino company had to spend more money than anticipated in Australia, CEO says.
Reserve Bank on track for ‘more cuts sooner’ but reduces forecast for house prices
The RBNZ warned of uncertainty around US tariffs and geopolitical events.
Official cash rate
Matthew Hooton: Interest rate forecasts great news for National re-election
OPINION: Risks remain if interest rates start rising again in election year.
‘Don’t get upset' - Adrian Orr’s mortgage rate warning
Global instability could soften domestic interest rate relief.
Reserve Bank on track for ‘more cuts sooner’ but reduces forecast for house prices
The RBNZ warned of uncertainty around US tariffs and geopolitical events.
Inflation
Editorial: Govt must listen to RBNZ call for better economic statistics
OPINION: Failure to accurately record economic progress can have costly consequences.
Landlord with quarter-kilometre downtown tower plans pushes up profit
New leases in 1HY25 were 22.8% above previous contract rents, company said.
More economy news
Bank moves on interest rate cuts ahead of OCR decision
The move comes ahead of a potential rate cut tomorrow from the Reserve Bank.
Buyer named: $26m paid for neighbouring Herne Bay villas, each with a pool
Commodities trading heir in $26m deals.
OCR preview: Big cut coming this week - but how low will rates go?
A 50-basis-point cut this week is near certain but the longer-term track is hard to pick.
Bruce Cotterill: Time for decisive action to get NZ back on track
Opinion: Why NZ's growth agenda is too slow for urgent challenges.
Monthly food price rise biggest since 2022
Food prices across all categories rose, with grocery prices up 3% in the month.
How local businesses believe they can outshine big brands like Freedom
Local businesses say they still have something special to offer customers.
Editorial: ‘Woke’ or not, political meddling in business sets dangerous precedent
OPINION: It's not for politicians to decide if banks are too woke it is for shareholders.
US stocks mostly lower on ‘chunky’ inflation
US stocks mostly lower on inflation, euro gains on Ukraine peace hopes.
Inside Economics: The return of ‘voodoo economics’ - do lower taxes generate more revenue?
Liam Dann takes a deeper look at the logic behind low tax regimes and the options for NZ .