Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Policy
Economists laud size of RBNZ QE plans
Economists lauded the size of the Reserve Bank’s next, unprecedented stage of emergency support for the New Zealand economy after it committed to buying $30 billion of government bonds over the next 12 months.“This package is huge. Our analysis last week flagged the need for purc...
Services
Sports feeling the pinch as TV, gambling revenues dry up
The country’s sporting organisations may need a helping hand to get them through the covid-19 outbreak as suspended competitions halt not only broadcasting revenues, but also their share of betting income. While suspended television rights have dominated the headlines with mar...
Finance
Free
Banks eye emergency relief for SME, mortgage borrowers
Banks are looking at allowing small to medium sized businesses and mortgage customers to suspend payments for a period as many firms curtail their activities or lose custom due to the coronavirus crisis.BusinessDesk understands this follows an emergency meeting between the Reserv...
Economy
RBNZ to buy $30b of govt bonds in latest economic support
The Reserve Bank will move to the next, unprecedented stage of emergency support for the New Zealand economy in response to the covid-19 virus global crisis, committing to buy $30 billion of government bonds over the next 12 months.The central bank had promised that its next move...
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