Inflation 'dream' risks becoming employment nightmare

Inflation 'dream' risks becoming employment nightmare
Reserve Bank of NZ governor Adrian Orr's interest rate hikes look like they are finally coming through on employment numbers. (Image: NZME)
Dileepa Fonseka
Walking out of the Stats New Zealand offices, a social worker on the street opposite shouts out and asks BusinessDesk what’s been happening in the building everyone is coming out of.  Reporters have just heard the latest unemployment numbers at Stats NZ’s Auckland headquarters, which sits on Greys Ave in the CBD opposite the recently finished Te Mātāwai social housing complex. Told the newest numbers are out, the social worker has no hesitation in predicting the figures have gone up because it is a “dream”, as...

More Economy

RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025