Economy news
Trump’s tariffs: Three possible scenarios facing NZ
A worse-case scenario could see NZ plunged into recession and a return to money printing.
Trump’s trade war casts a shadow on America’s AI boom
Aggressive tariffs threaten to undermine Silicon Valley’s work on the crucial technology.
Bruce Cotterill: US tariffs won't rattle NZ's market confidence
OPINION: Is tariff panic premature for NZ?
Douglas Pharmaceuticals installs AI-driven robots, faces up to tariff threat
Four times faster than the humans.
Treasury keen on crisis time OCR cuts, not spending and money printing
The agency still can't pinpoint the benefits of the Covid-era $55 billion LSAP programme.
Du Val unit buyer fears reneging on $850,000 contract
'Targeted and called repetitively by young Pasifika people who got my trust.' - Keil-Hall
GDP
'Good sense of optimism': SMEs lead NZ's economic upswing
'First time in 5 years we’ve had a positive swing on sentiment.'
Liam Dann: Big OCR call today as tariff turmoil threatens NZ recovery
US trade policy may force a rethink on how low the OCR has to go.
On The Up: Is self-belief the missing piece of the economic puzzle?
How much is a lack of confidence slowing our recovery?
Employment
'Mission critical': Business leaders push for inclusion as NZ demographics evolve
More than 80 business leaders met at Waitangi to discuss workplace inclusion.
'Good sense of optimism': SMEs lead NZ's economic upswing
'First time in 5 years we’ve had a positive swing on sentiment.'
Official cash rate
Nadine Higgins: Deposit rates tumbling – where do I put my savings now?
OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.
Treasury keen on crisis time OCR cuts, not spending and money printing
The agency still can't pinpoint the benefits of the Covid-era $55 billion LSAP programme.
Lower interest rates to do heavy lifting reviving the economy - Jenée Tibshraeny
Monetary policy is poised to do much of the heavy lifting spurring economic growth.
Inflation
'Good sense of optimism': SMEs lead NZ's economic upswing
'First time in 5 years we’ve had a positive swing on sentiment.'
Reserve Bank cuts OCR by 25 basis points to 3.5%, banks trim floating home loan rates
The RBNZ says it has scope to lower OCR further as effect of US tariffs become clearer.
More economy news
US Treasury bonds are being sold off. Here’s why it’s concerning
A new, unsettling red flag.
Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m
Project completed in January 2022 but developer blames Covid and the downturn for debts.
'Extreme carelessness:' Restaurant owner knowingly served toxic food
Judge: Xinchen Liu was “somewhat cavalier with the health of her staff and the public”.
Christian Hawkesby appointed Reserve Bank governor for six months
Nicola Willis made the appointment on the recommendation of the Reserve Bank board.
‘Historic global economic event’: Willis reassures Kiwis amid Trump tariff turmoil
The Dow heads down, Hong Kong collapses, trillions are wiped off markets.
Microagression, tech bros, fewer promotions – women in tech still see many issues: survey
PLUS: Has the DEI backlash hit New Zealand?
NZ Herald Live: Nicola Willis briefing on economic developments
Nicola Willis briefing on economic developments
Clarkes must front up to interview with PwC: High Court
Clarkes have so far refused to be interviewed by the receivers of many Du Val entities.
On The Up: Is self-belief the missing piece of the economic puzzle?
How much is a lack of confidence slowing our recovery?