National’s tax cuts unlikely to push up interest rates: Goldman Sachs

National’s tax cuts unlikely to push up interest rates: Goldman Sachs
The tax policy reveal was a good day for Nicola Willis and Christopher Luxon. (Image: BusinessDesk)
Paul McBeth
Global financial house Goldman Sachs expects the incoming National-led administration’s income tax cuts will inject stimulus to the economy, but doesn’t anticipate they’ll force another rate hike. The investment bank expects global disinflation will eventually find its way to New Zealand and Australia, helping stay the hands of central banks on both sides of the Tasman that have been struggling to rein in rising consumer prices. A core plank of National leader Christopher Luxon’s successful pitch to the public...

More Economy

Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Rebecca Howard 18 Sep 2025
Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Rebecca Howard 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025
Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Pattrick Smellie 18 Sep 2025