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News

ODT
odt.co.nz > business > nzs-biggest-bank-lifts-home-loan-rates-v9gxgu6d

NZ’s biggest bank lifts home loan rates

1+ hour, 7+ min ago   (291+ words) ANZ says it will increase a number of its fixed home loan and term deposit interest rates. Managing director for personal banking Grant Knuckey said it reflected a broad increase in wholesale interest rates, amid continued global uncertainty. One-year swap…...

ODT
odt.co.nz > news > opinion > the-true-cost-and-lack-of-value-of-cheap-xgnp8785

The true cost, and lack of value, of cheap

6+ day, 6+ hour ago   (1079+ words) Recently, a local Dunedin artist asked us to machine a small run of necklaces. Beautiful things. Designed here, made here. Before a single one came off the machine, we'd spent two hours in setup. Then 30 minutes of machining per piece,…...

Otago Daily Times Online News
odt.co.nz > star-news > star-national > ocr-25-and-may-increase-further-rnz

OCR up to 2.5% and could go higher

3+ week, 5+ day ago   (258+ words) The Reserve Bank has raised the Official Cash Rate for the first time in more than three years to tackle inflation pressures, and signalled more increases this year. The Monetary Policy Committee (MPC) raised the benchmark rate by 25 basis points…...

Otago Daily Times Online News
odt.co.nz > rural-life > red-meat > interest-drives-lower-farm-inflation

Interest drives lower farm inflation

3+ week, 5+ day ago   (409+ words) In a statement, B+LNZ chairwoman Kate Acland said the latest Sheep and Beef On-farm Inflation report showing total on-farm inflation was flat for the second year in a row. The on-farm inflation rate was -0.9% in the year to March…...

Otago Daily Times Online News
odt.co.nz > rural-life > red-meat > stud-records-follow-high-beef-prices

Stud records follow high beef prices

1+ mon, 1+ week ago   (960+ words) A full clearance of 58 rising 2-year-old Charolais for a $17,414 average was topped by lot 1, Silverstream Viceray V226, selling to Rimu Charolais from Taumarunui. Viceray, a son of Silverstream Rocco, now holds the new national record, trumping Silverstream’s previous $65,000 set in 2023 for…...

Otago Daily Times Online News
odt.co.nz > star-news > star-christchurch > canterbury-no-longer-nzs-top-regional-economy-rnz

Canterbury no longer NZ's top regional economy

1+ mon, 2+ week ago   (334+ words) Bay of Plenty was the country's best performing region at the start of the year, ending Canterbury's run at the top. ASB's Regional Economic Scoreboard for the three months ended March had Bay of Plenty first, followed by Canterbury and…...

Otago Daily Times Online News
odt.co.nz > opinion > hard-times-and-budget-blues

Hard times and the Budget blues

1+ mon, 4+ week ago   (865+ words) There is something remarkable about Otago communities when times are hard. Whenever Presbyterian Support Otago puts out a call for foodbank items, winter clothing, school stationery, or support for families doing it tough, people respond. Quietly, generously, and without fuss....

Otago Daily Times Online News
odt.co.nz > news > world > australia-raises-minimum-wage-475

Australia raises minimum wage by 4.75%

2+ mon, 1+ day ago   (379+ words) The Fair Work Commission's decision on Tuesday to lift the minimum wage to $1004.90 a week followed the federal government's call for a "sustainable" real wage rise. The decision came amid ongoing uncertainty around the Middle East conflict and how long…...

Otago Daily Times Online News
odt.co.nz > rural-life > 1045-beef-price-expected-year

$10.45 beef price expected in a year

2+ mon, 3+ day ago   (625+ words) The market intelligence analyst unveiled his prediction after going over world livestock trends to a 400-plus audience at the Out The Gate conference by Beef + Lamb NZ in Christchurch recently. Last year he picked the market advancing, predicting tariffs from…...

Otago Daily Times Online News
odt.co.nz > business > why-more-homeowners-will-face-higher-bills-soon-rnz

Why more homeowners will face higher bills soon

2+ mon, 1+ week ago   (557+ words) Property data firm Cotality is warning that increasing numbers of New Zealand mortgage holders will face higher costs over the next six to 12 months - whatever happens to the official cash rate this week. Chief property economist Kelvin Davidson said the…...