News in Brief
News in Brief
Markets
Air NZ extends pandemic credits for sixth time to 2026
The airline’s CFO says $200 million in covid credits still remain.
Retail
Consumer NZ hits out at supermarket loyalty programmes
But it's not suggesting people “hop between stores”.
Policy
National launches space policy at Rocket Lab HQ
The five-point plan includes appointing a new minister for space.
Economy
Westpac bank sees no rate cuts until early 2025
Westpac Bank has taken to heart the Reserve Bank’s message that rates may need to stay higher for longer.On Wednesday, the Reserve Bank of NZ (RBNZ) kept the official cash rate (OCR) on hold at 5.5% and said interest rates “may need to remain at a restrictive level for a more sus...
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