Economy

Explore the latest economy news by BusinessDesk
Unemployment rate holds steady at 3.4%
Editor's Picks

Unemployment rate holds steady at 3.4%

The unemployment rate is slightly lower than the 3.5% forecast by the RBNZ.

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Worldline
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Reserve Bank says NZ house prices still overvalued
Policy

Reserve Bank says NZ house prices still overvalued

In the near term, prices may continue to soften given the level of interest rates and several other factors.

Rebecca Howard 03 May 2023
Use gas, not coal at Huntly, says new study
Energy

Use gas, not coal at Huntly, says new study

NZ needs new gas-fired power stations to back up renewable electricity.

Greg Hurrell 03 May 2023
More pain to come but banking system is resilient
Policy

More pain to come but banking system is resilient

The central bank expects more borrowers to fall behind on their payments.

Rebecca Howard 02 May 2023


Pattrick Smellie
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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