Policy
Explore the latest government news by BusinessDesk.
Finance
Govt to introduce deposit insurance; RBNZ keeps prudential supervision
By Paul McBeth June 24 (BusinessDesk) - Finance Minister Grant Robertson wants to keep prudential supervision under the Reserve Bank's purview and plans to introduce deposit protection to bring New Zealand into line with other developed nations. Cabinet today signed off on...
Infrastructure
Granular approach needed for cost-effective emissions reduction
By Gavin Evans June 24 (BusinessDesk) - Cost-effective emissions reduction will require a granular approach and a willingness to rethink traditional ways energy is used in the economy, a visiting climate and sustainability expert says. Michael Liebreich says the interaction...
Finance
RBNZ seen keeping rates on hold but signalling more cuts to come
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank of New Zealand is expected to keep rates on hold at Wednesday’s review but will signal further cuts are possible. All 20 economists surveyed by Bloomberg expect the official cash rate to stay at 1.5 percent but 11...
Infrastructure
Woods defends 100% renewable power target
By Gavin Evans June 21 (BusinessDesk) - The government is defending its 100 percent renewable electricity target against criticism that it risks distracting efforts from cheaper and larger emission reduction efforts elsewhere. Energy and Resources Minister Megan Woods says...
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