Policy
Explore the latest government news by BusinessDesk.
Policy
Govt officials eye default KiwiSaver settings to promote ethical investment
By Paul McBeth Aug. 7 (BusinessDesk) - Ministry of Business, Innovation and Employment and Treasury officials want feedback on whether the government should alter default KiwiSaver provider settings to promote responsible investment. The government departments are holding...
Policy
UPDATE: RBNZ slashes cash rate to 1%, dollar tumbles
(Updates with detail throughout) By Rebecca Howard Aug. 7 (BusinessDesk) - The Reserve Bank slashed the official cash rate by 50 basis points to 1 percent due to a softer outlook for employment and inflation, slower economic growth and weaker global conditions. The New Zeal...
Policy
FIRST CUT: RBNZ cuts OCR by 50 basis points to 1%
By Rebecca Howard Aug. 7 (BusinessDesk) - The Reserve Bank slashed the official cash rate by 50 basis points to 1 percent due to a softer outlook for employment and inflation, slower economic growth and weaker global conditions. The New Zealand dollar tumbled. "Our actions...
Policy
NZ dollar under pressure ahead of widely expected rate cut
By Rebecca Howard Aug. 7 (BusinessDesk) - The New Zealand dollar remained under pressure after a soft dairy auction and ahead of the central bank’s rate decision. The kiwi was trading at 65.28 US cents at 7:55 am in Wellington versus 65.29 cents at 5pm. The trade-weighted i...
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