Tax hikes and the role of the Reserve Bank up for debate

Tax hikes and the role of the Reserve Bank up for debate
Staff reporters
Parliament will go into Urgency on Tuesday to pass a tax hike on high income earners.The first full sitting week of the 53rd Parliament will also debate changes to Reserve Bank legislation at a time when the role of the central bank is the subject of heated debate.Leader of the House Chris Hipkins said after Question Time on Tuesday the government will introduce a motion declaring a climate change emergency. In the evening, the House will be put into Urgency “to pass bills on tax changes and other matters.” He did not state what the...

More Economy

RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025
Not everyone thinks the RBNZ should cut this week
Economy

Not everyone thinks the RBNZ should cut this week

Three out of five members of NZIER's Shadow Board recommend a hold. 

Rebecca Howard 26 May 2025
Downturn dims luxury's lustre
Retail

Downturn dims luxury's lustre

Louis Vuitton NZ's revenue dropped 10.7% to $82.2 million year on year.

Gregor Thompson 26 May 2025