Treasury rethinking impact of RBNZ policy

Wed, 16 Dec 2020

The Treasury is rethinking its attitude to the impact of the Reserve Bank’s money printing programme on fiscal spending, as a stronger economic recovery puts the Crown accounts in much better shape than previously feared.The government’s financial adviser projects smaller operating deficits over the next five years than predicted just three months ago in the pre-election economic and fiscal update, with a stronger labour market. That has meant more people kept their jobs – and the income tax associated with it – and didn...

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 }}

Markets Market close

NZ sharemarket down slightly

The S&P/NZX 50 Index closed at 11,800.78, down 20 points or 0.17%.

Graham Skellern 6:15pm

Infrastructure

Port of Auckland lease proposal dead

The port has promised higher profits over the coming decade.

Oliver Lewis 3:00pm

Politics

Mfat accepts it mismanaged $33m

Foreign ministry says it takes the mismanagement of public funds seriously.

Dileepa Fonseka 2:40pm

Sponsored

The business redefining skincare

Why Kiwibank quickly got behind global beauty brand Emma Lewisham.

Kiwibank

Sponsored

Next-gen CCTV protecting our cities

Fibre connectivity supporting rapidly evolving CCTV advances.

Chorus

More Economy

Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 12:27pm

Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 10:50am