Politics
Finance
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...
Finance
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...
Finance
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...
Finance
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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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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