Economy

Explore the latest economy news by BusinessDesk
Tossing money like confetti
Policy

Cameron Bagrie: Tossing money like confetti

Economist Cameron Bagrie worries that the momentum in government spending growth is a juggernaut without brakes.

Cameron Bagrie 26 May 2022
Reserve Bank will hike but not as much as it says

Reserve Bank will hike but not as much as it says

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Rebecca Howard 25 May 2022
RBNZ raises rates by 50 basis points to 2.0%
Editor's Picks

RBNZ raises rates by 50 basis points to 2.0%

The central bank sees the OCR peaking at 3.9% in June 2023 but then easing back to 3.5% 

Rebecca Howard 25 May 2022
Lukewarm retail sales in first quarter as inflation bites
Retail

Lukewarm retail sales in first quarter as inflation bites

Retail sales volumes fell a seasonally adjusted 0.5% in the first quarter, Statistics NZ said. 

Ella Somers 24 May 2022