Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Economy
Finance Minister quashes idea of RBNZ buying bonds directly from government
Markets have been abuzz with the possibility the Reserve Bank could buy bonds directly from the government but Finance Minister Grant Robertson has poured cold water on the idea – at least for now. “We’re getting well ahead of ourselves talking about that,” he told journalists...
Economy
Jobseeker claims jump to 5.8% of labour force
About 30,000 people have claimed the jobseeker benefit in the past five weeks, amounting to 5.8 percent of the labour force, in an election year where rising unemployment is set to become a political football. While not a perfect measure of the actual rate of unemployment – wh...
Economy
International tourism 'not a write-off,' Tourism Export Council says
The Tourism Export Council is calling for the government not to abandon the once-booming sector
Property
ASB expects 6% house price decline, rapid recovery
ASB Bank is forecasting a 6 percent drop in national house prices this year, in the face of a deteriorating labour market, falling net migration and rental declines. But the bank expects the property market to get back to current levels next year, on the back of cheap credit and...
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