Auckland property values are picking up speed at an "eyewatering" pace, with some areas up 5pc in only three months, according to QV.

The Govt is eyeing Australian moves against foreign property speculators amid fresh claims they are forcing Kiwi first-home buyers to the property sidelines.

The Reserve Bank's influence over long-term interest rates is limited by global investor activity, according to governor Graeme Wheeler.

China's central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms.

New Zealand's annual migration rose to a fresh record for the third consecutive month in October, led by an increase in student arrivals from India.

Finance Minister Bill English has warned that returning to surplus this year will be a challenge due to falling dairy prices and low inflation.