Policy
Explore the latest government news by BusinessDesk.
Finance
Tony Alexander bows out as BNZ chief economist
By Jenny Ruth Sept. 27 (BusinessDesk) - Bank of New Zealand's chief economist Tony Alexander has resigned after nearly 25 years in the role. "After 26-and-a-half years, with almost 25 years as chief economist, and having achieved many of those goals I set out at the start,...
Finance
RBNZ gauging extent of banks 'front-loading' on capital proposals
By Paul McBeth Sept. 26 (BusinessDesk) - Reserve Bank governor Adrian Orr says rural borrowers are facing higher lending costs despite interest rate cuts over the past year and that the regulator is gauging whether banks are bolstering their balance sheets in advance of toughe...
Economy
Full of potential, poorly harnessed: MBIE on NZ's research, science & innovation
By Paul McBeth Sept. 26 (BusinessDesk) - The inability of New Zealand's research, science and innovation sector to coordinate its efforts at home and abroad is the biggest challenge to lifting its performance, government officials say. The Ministry of Business, Innovation...
Infrastructure
BusinessNZ energy lobbyist John Carnegie to lead fossil fuel industry group
By Pattrick Smellie Sept. 25 (BusinessDesk) - Long-time executive director of the Business New Zealand Energy Council, John Carnegie, is to take the reins as chief executive of the Petroleum Exploration and Production Association of New Zealand. He was Genesis Energy's gove...
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