Economy
Explore the latest economy news by BusinessDesk
Cutting the OCR last year was a mistake - Alexander
The Reserve Bank made a mistake cutting its official cash rate last year and the resulting reignition of house price inflation means the central bank will probably tighten loan-to-valuation restrictions on bank lending, according to economist Tony Alexander.The former Bank of New...
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Law & Regulation
Govt triggers pandemic response plan
The government has triggered its official pandemic response plan as the World Health Organisation grapples with whether to call a global public health emergency over the coronavirus outbreak originating from the central Chinese city of Wuhan.Health Minister David Clark told journ...
Tourism still easing as Australian, American visitor numbers decline
International visitor numbers continued to fall in November as declining numbers of Australians and Americans joined the slowdown in Chinese arrivals. Separately, provisional net migration numbers are lower than estimated as a new system gets fine-tuned.A total of 372,108 interna...
Markets
Coronavirus outbreak spooks investors, has officials on alert
The Ministry of Health has told border authorities not to impose travel restrictions in response to the outbreak of a new respiratory disease in China, but is watching the situation which has spooked investors across the globe.Director of public health Caroline McElnay said the m...
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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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