Economy
Explore the latest economy news by BusinessDesk
Finance
Kiwibank slashes its floating rate mortgage to 3.4% as market shrinks
Kiwibank has slashed its variable mortgage interest rate by a percentage point at a time when the market contracted as a result of the coronavirus crisis.
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Economy
Covid-19: NZ went hard, early, and then went shopping
Retail spending on credit and debit cards bounced back in May as businesses reopened from the covid-19 lockdown.
Finance
Cash loses currency in covid era
The Reserve Bank poured more than half a billion of extra cash into circulation expecting an “unprecedented” demand for physical currency in the lead up to the national lockdown. While it appears that the central bank was preparing for serious disruption to the cash supply dur...
Primary Sector
Zespri upbeat about 2021 as profit climbs 12%
Zespri Group is upbeat about the current financial year despite the impact of the covid-19 pandemic, having reported a 12 percent increase in annual profit and returned almost $2 billion to the industry. Net profit rose to $200.8 million in the year to March 31 from $178.9 mil...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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