Politics
Economy
RBNZ slashes rate to 0.25% for at least 12 months
The Reserve Bank of New Zealand slashed its benchmark interest rate from 1 percent to a record low 0.25 percent in a bid to shield the economy from the impact of the covid-19 virus and said they will stay there for least 12 months.“The negative economic implications of the COVID-...
Economy
Tuesday's covid-19 support package D-Day for govt
Tuesday's emergency business support package for businesses hit by policies to combat coronavirus will be a crucial test of the government's capacity to shelter the nation from a pandemic-induced global recession.Prime Minister Jacinda Ardern has been coy on its size, but told TV...
Economy
NZ adopts 'toughest' restrictions in the world - Ardern
All travellers to New Zealand – except those from the Pacific Islands – will have to isolate themselves for 14 days upon arrival, Prime Minister Jacinda Ardern announced today.Ardern described the measures as the strictest in the world as the government tries to flatten the rate...
Policy
RBNZ can bide its time as govt provides targeted assistance
The government is already providing targeted assistance to help businesses weather the impact of covid-19, giving the Reserve Bank time to evaluate before making a move, said deputy governor Geoff Bascand.“We want to be considered and think through this a little more,” he told Bu...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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