Policy
Explore the latest government news by BusinessDesk.
Finance
Economists say more RBNZ rate cuts are coming
By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank of New Zealand cut rates by 25 basis points to a record low 1.5 percent and economists expect it to cut again. Changes to the central bank’s forecasts in the latest monetary policy statement now show a chance for an...
Primary Sector
Waihi gold mining 'inherently unsustainable' - Sage
By Gavin Evans May 8 (BusinessDesk) - Expansion of gold mining at Waihi is inherently unsustainable, will increase emissions, and will provide only moderate employment benefits relative to winding down the operation and remediating the site, Land Information Minister Eugenie S...
Primary Sector
'Toothless' or ' alarming' - reaction to the Zero Carbon Bill
By Pattrick Smellie May 8 (BusinessDesk) - Reactions to the net zero carbon emissions legislation released today range from Greenpeace attacking it as "toothless" and "miserly" to Federated Farmers calling it "frustratingly cruel". Two key issues are at the heart of those a...
Finance
UPDATE: NZ central bank cuts rates, signals more to come
(Adds detail throughout) By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank cut the official cash rate by 25 basis points to a record low of 1.5 percent and signaled more cuts to come. The New Zealand dollar fell. "The Monetary Policy Committee decided a lower OC...
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