Economy
Explore the latest economy news by BusinessDesk
News in Brief
Expect an 'extended pause' to interest rate hikes – HSBC
Pressure is off the central bank to ratchet up the bank rate any further than 5.5%.
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Inflation 'dream' risks becoming employment nightmare
Companies are cutting back on staff hours, which is sometimes a harbinger of recession.
Borrowers – and banks – face uphill squeeze even as the economy stabilises
Rising take-home pay is getting increasingly gobbled up.
Finance
Mortgage stress to double by early 2025 – RBNZ’s financial stability report
The nation's financial system is still broadly sound.
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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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