Economy
Explore the latest economy news by BusinessDesk
Policy
Reserve Bank leaves official cash rate on hold
The central bank suggested a small chance of one further rate hike.
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Plunge in whole milk powder worse than expected
A plunge in whole milk powder prices in the overnight Global Dairy Trade auction was worse than expected.Whole milk powder, which has the biggest influence on Fonterra’s forecast milk price, was down 10.9% to US$2,548 (NZ$4,282) a tonne. It was the lowest since August 2016, acco...
Some heat in the housing market won't worry the Reserve Bank
The Reserve Bank of NZ is widely expected to keep rates on hold at 5.5%.
Infrastructure
Managed retreat compensation packages recommended
Hardship, not wealth preservation, should be the basis for climate retreat compensation.
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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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