Rising fuel costs pinch terms of trade

Rising fuel costs pinch terms of trade
More expensive fuel was a key factor driving the turnaround. (Image: Nova)
Ella Somers
New Zealand’s terms of trade slipped in the December quarter in its first decline since September 2020 as the price of imported goods rose at a faster pace than exports.More expensive fuel was a key factor driving the turnaround in the terms of trade (ToT), with the value of imported petroleum and petrol products rising 1.1% from the September quarter, even as the volume shrank 7.2%.This rising trend came before recent disruptions to global energy supplies caused by the Russian invasion of Ukraine, which has pushed prices at the petrol pu...

More Economy

Finance minister says yes, yes, yes to RBNZ transparency reform
Economy

Finance minister says yes, yes, yes to RBNZ transparency reform

Willis says she doesn't think system is broken, but needs incremental improvements. 

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025
ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025