Economy
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Finance
No resting on their laurels for NZ's banks in 2020
The Reserve Bank's final decisions on bank capital requirements in late 2019 came as a great relief to the banks but they can't count on 2020 being plain sailing.The prudential regulator has given every sign that it intends to take a much more aggressive approach to its duties th...
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Consumers in good cheer ahead of holiday season
Consumers’ perceptions of their current financial situation are well above the average for the past five years and they are also feeling better about the future, according to the latest ANZ-Roy Morgan consumer confidence index.The index rose 3 points to 123.3, the highest since M...
New Zealand's economy is bigger than thought
Not only did the economy grow more than expected in the September quarter, but it's several billion dollars bigger than previously thought.Stats NZ had previously said the economy was worth $300 billion in the 12 months to June 2019, up from $289.4 billion in the June 2018 year....
Finance
RBNZ critics applaud governance changes, deposit insurance
Some of the Reserve Bank's most prominent critics have welcomed the government's decisions to give the central bank's board real governance powers and to introduce retail deposit insurance.New Zealand is the only OECD country without some form of deposit protection.Massey Univers...
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Pattrick Smellie
Founding Editor
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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