Economy
Explore the latest economy news by BusinessDesk
Finance
NZ central bank cuts rates, signals more to come
By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank cut the official cash rate by 25 basis points to 1.5 percent and signaled more cuts to come. The New Zealand dollar fell. "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for em...
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Finance
Short-term inflation expectations lift in RBNZ survey
By Rebecca Howard May 7 (BusinessDesk) - Business managers and finance professionals lifted their short-term inflation expectations in the latest Reserve Bank survey but held their longer-dated view steady. Respondents to the central bank's quarterly survey predict consume...
Treasury warns growth might be weaker than December forecast
By Rebecca Howard May 6 (BusinessDesk) - Treasury says partial indicators suggest New Zealand's economic growth has been throttled back and may be lower than it forecast in the December half-year update. Among other things, the government's principal financial advisor point...
Retail
NZ commodity prices extend gain in April, March figures revised higher
By Rebecca Howard May 6 (BusinessDesk) - New Zealand commodity prices lifted in April and were significantly higher in March than previously reported, ANZ Bank’s monthly commodity price index shows. The ANZ world commodity price index lifted 2.5 percent in April, following...
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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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