RBNZ may be one of the first to raise rates

The bank still expects a short-term spike in inflation over the next few quarters.

Wed, 26 May 2021

New Zealand’s Reserve Bank is now set to become one of the first central banks in an advanced economy to lift rates, with its forecasts pointing to higher interest rates by September 2022.The RBNZ kept the official cash rate on hold at a record low 0.25% but said on current projections it eventually increases over the medium term, conditional on the economic outlook evolving broadly as anticipated.The central bank published its projected official cash rate track for the first time since early last year. The projections show it moves...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Work

The jiggle is up: bosses bust staff who fake computer activity

Productivity-tracking tools can detect when remote workers are pretending they’re busy.

The Wall Street Journal 5:00am

Politics How others see us

Once a utopia for Trump-weary exiles, NZ has turned to the right

Coalition party leaders are 'battling it out to see who's the alpha dog'.

The Washington Post 5:00am

Once a utopia for Trump-weary exiles, NZ has turned to the right

On the Money

On the Money: North Korea, One stadium and more

NZ trade hopes with North Korea reignited, and the one stadium to rule them all.

Dileepa Fonseka 06 Jul 2024

On the Money: North Korea, One stadium and more

Sponsored

Five steps to potent data monetisation

Realising the true value of an organisation’s data.

Spark

Sponsored

Smart chargers don't just charge EVs

They also take the pressure off a stressed power network - We.EV

We.EV

More Economy

Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.

Rebecca Howard 05 Jul 2024

Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024