Economy

The surprisingly low cost of lockdowns

Rebecca Howard
Fri, 13 Nov 2020

Economists, like many travellers leaving Auckland this morning, aren’t overly flummoxed by the prospect of yet another lockdown in Auckland, largely because of the rapid recovery.“There were a lot of ‘boys who cried wolf’ at the time of the level 3/level 2 episode in August. But what we found in reality was that that episode had only a small lasting impact, because a lot of economic activity was delayed rather than cancelled,” said Westpac NZ chief economist Dominick Stephens.“The surprisingly low cost of loc...

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Finance

Orr says RBNZ already considers house prices

Jenny Ruth | Tue, 24 Nov 2020

Government concern over galloping house price inflation burst into the open today, but Reserve Bank governor Adrian Orr insists he already takes house prices into account and ultra-low interest rates are important for the covid-19 economic recovery.

Economy

Opposition backs Robertson, claims credit for idea

Rebecca Howard | Tue, 24 Nov 2020

A conversation on housing between the RBNZ and the government has widespread political support.

Finance

Tower to get $42.1m EQC settlement

Staff reporters | Tue, 24 Nov 2020

Insurer says net profit will be impacted by about $9.5 million from write off.

The surprisingly low cost of lockdowns

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