News
'We want it to be lower': Prime Minister remains hopeful for a fall in unemployment
1+ hour, 31+ min ago (82+ words) The Prime Minister remains hopeful for a fall in unemployment this year. Unemployment's reached a 10 year high of 5.4% - with Auckland's unemployment rate rising again to 6.4%. Job numbers have increased, but that's been offset by more people joining or re-joining the…...
Ryan Bridge: A debate on interest rates
1+ hour, 51+ min ago (331+ words) I was having a good old debate with a mate at the weekend about interest rates." We're of the age where, mortgages are a thing." In Auckland, quote a bog and annoying thing." Paying them down is the aim of…...
ANZ slashes house price inflation forecast as OCR's expected to rise
1+ week, 4+ day ago (78+ words) Economists are expecting the Official Cash Rate to rise sooner rather than later, flattening forecasts for the property market." Cotality's latest report shows almost three quarters of local respondents expect house prices to rise this year. " Meanwhile, ANZ's slashed its…...
Economists warn OCR could rise again as soon as May - report
1+ week, 5+ day ago (77+ words) The Official Cash Rate is expected to rise this year, although forecasters say predicting when is tricky. Inflation was stronger in the December quarter than expected, at 3.1 percent. Infometrics Principal Economist Brad Olsen is picking a hike in November - with…...
"Rate hikes are likelier than not": ANZ Chief Economist comments on rise in inflation rates
2+ week, 3+ day ago (105+ words) "Rate hikes are likelier than not": ANZ Chief Economist comments on rise in inflation rates'Newstalk ZB An expectation the official cash rate will be held steady as inflation is higher than expected. Inflation's clocked in at 3.1 percent which means its…...
Explained: Why has the price of meth dropped?
3+ week, 9+ hour ago (94+ words) New drug data shows a fall in the cost of methamphetamine seems to relate to increased consumption. The New Zealand Drug Trends Survey reveals a gram cost about $334 last year - compared to $563 in 2017." Over the same period, the proportion of…...
"Touch and go": NZ's debt a cause for concern as economy starts moving
2+ mon, 5+ day ago (108+ words) A view the Government has to get a handle on debt, with forecasts showing the economy's now finally recovering. Follow the podcast on A view the Government has to get a handle on debt, with forecasts showing the economy's now…...
Why your interest rates aren't coming down
2+ mon, 1+ week ago (100+ words) Last weeks OCR cut brought hope of lower interest rates but the wholesale market seems to have been spooked by the Reserve Bank ruling out further cuts. The term wholesale interest rates have jumped ... Follow the podcast on Last weeks…...
Nicola Willison the OCR cut's failure to sway interest rates
2+ mon, 1+ week ago (112+ words) Finance Minister Nicola Willis said, my message to the banks is always the same, which is pass on as much as you possibly can. Follow the podcast on As expected, the Reserve Bank cut the OCR to 2.25% last week - but…...
PM encourages Kiwis to switch banks if OCR cuts aren't passed on to customers
2+ mon, 1+ week ago (107+ words) The Prime Minister Chris Luxon joins Mike Hosking in the studio to discuss the 'big banks' not passing on the benefit of OCR cuts to the consumer. Follow the podcast on Chris Luxon says banks need to be passing on…...