News
Phil O'Reilly: NZ needs to debate what resilience means for our economic survival
3+ hour, 5+ min ago (667+ words) How Cambridge entrepreneur Josh Kersten built a luxury longevity gym for the ultra-rich As the world undergoes the most profound and unsettling change since World War II, countries everywhere are reassessing what resilience really means. New Zealand needs to have…...
Govt instigates surprise inquiry into Reserve Bank’s $55b Covid money-printing
3+ day, 20+ hour ago (567+ words) Finance Minister Nicola Willis has announced a surprise inquiry into the actions of the Reserve Bank during the Covid-19 pandemic. Willis said the purpose of the review is to identify any lessons that could be learned to improve the monetary…...
More SMEs lining up extra work in 2026 as confidence edges back
3+ day, 20+ hour ago (649+ words) A third of New Zealand small to medium enterprises have more work lined up for the first quarter of 2026 compared to usual, in another sign that economic activity is trending in the right direction. And new data is also showing…...
How to stop rising power prices hitting your wallet this year
3+ day, 22+ hour ago (316+ words) Consumer NZ expects power prices to increase by about 5% this year. It's after households were already hit with a 12% increase in power bills last year. The site recommends budgeting for an increase in power bills from the end of April....
Inside Economics: Is AI to blame for pushing unemployment rate higher?
4+ day, 9+ hour ago (1720+ words) After reading your article about the unusual dynamics of the economic recovery we may or may not be having, I'm interested as to how much you see AI [artificial intelligence] and automation as playing a part in keeping unemployment up…...
Major bank hikes longer-term mortgage rates, lowers six-month rate
6+ day, 4+ hour ago (356+ words) ASB is hiking some of its longer-term home loan rates while cutting its shortest offering. The bank said today its six-month fixed home loan rate would drop 6 basis points (bps) to 4.59%. Its one-year fixed interest rate will increase 10bps from 4.49% to…...
RBA raises cash rate, sees inflation pressure
1+ week, 5+ day ago (320+ words) The Reserve Bank of Australia has increased its cash target. The Reserve Bank of Australia has raised its cash rate target by 25 basis points to 3.85% " its first rate increase in more than two years. The hike was widely expected. The…...
Trump announces pick for next US central bank chief
2+ week, 1+ day ago (692+ words) US President Donald Trump has announced he is nominating Kevin Warsh, a former Federal Reserve governor, to be the next US central bank chief. "I have known Kevin for a long period of time, and have no doubt that he…...
Mortgage holders jump ship in record numbers as banks dangle cash
2+ week, 2+ day ago (370+ words) Those with mortgages did a record amount of bank-hopping in December, as banks offered attractive cashbacks to get new customers. A whopping $5.8 billion of mortgage debt was shifted between banks during the month, easily surpassing the previous record of $2.6b reached…...
US Fed holds interest rates steady, defying Trump pressure
2+ week, 3+ day ago (692+ words) The US Federal Reserve has held interest rates steady at its first policy gathering this year, citing robust economic growth, as the central bank resists President Donald Trump's mounting pressure for cuts. Trump has sharply escalated his targeting of the…...