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News
Kiwibank makes its move
51+ min ago (543+ words) Kiwibank is following its big Aussie-owned rivals, shifting some key fixed home loan rates higher, and matching this with some term deposit rate increases. But although no new Kiwibank rates are market leading, some remain lower than their major rivals....
Te wiki o te tāke - Dealing with the tax distortions
1+ hour, 6+ min ago (1488+ words) Tax, like rust, never slept during my RSV enforced break over the past few weeks. Inland Revenue released several interesting Technical Decision Summaries and other guidance material and the High Court ruled on the deductibility of seismic strengthening expenditure in…...
Increases in US interest rates unjustified - a reset coming
2+ hour, 33+ min ago (251+ words) Summary of key points: - The decrease in Non-Farm Payroll jobs in July came as no surprise to us, the accompanying household survey of employment has been very weak for several months now and it typically leads the Non-Farm Payroll jobs…...
Breakfast briefing: Is inflation about to resume its rise?
3+ hour, 14+ min ago (874+ words) Here's our summary of key economic events over the weekend that affect New Zealand, with news we are facing a new burst in inflation as commodity prices rise, oil and gold both are rising, and benchmark interest rates are stuck…...
National pledges no new taxes for working people
22+ hour, 33+ min ago (867+ words) National’s finance spokesperson Nicola Willis says her party will not introduce new taxes on working people, if re-elected in November's election, and has ruled out increasing taxes for small businesses and pensioners. However, when pressed further by reporters, she did…...
South Africa economic outlook and opportunities for New Zealand
23+ hour, 19+ min ago (335+ words) The following report provides a summary of economic opportunities in South Africa. The original is here. Boosted by a surge in commodity prices, growing confidence in the economy and a weakening US dollar, the South African Rand has surged in…...
Oceans of anxiety
1+ day, 4+ hour ago (531+ words) Grasshopper, if a man dwells on the past, then he robs the present. But if a man ignores the past, he may rob the future. The seeds of our destiny are nurtured by the roots of our past. - ‘Master Po…...
National releases election candidate list
1+ day, 18+ hour ago (827+ words) The National Party has unveiled its candidate list for November’s election with its senior members still in the top spots. National leader Christopher Luxon and Deputy Nicola Willis are first and second on the list, as per the party’s constitution....
The rising price of a cheap renminbi
1+ day, 21+ hour ago (238+ words) China’s undervalued exchange rate is often read as a symptom of the imbalance that underlies its surpluses. This is the wrong metaphor. The exchange rate is better understood as a price: by suppressing the renminbi’s value, the Chinese government not…...
Despite funding concerns, Statistics NZ is expected to carry out a 2028 census after proposed reforms are put on ice
2+ day, 1+ hour ago (1282+ words) A former Government Statistician says it’s possible for Statistics New Zealand to carry out a census in 2028, one that is smaller and has fewer questions. Len Cook, who was Government Statistician from 1992 to 2000, told RNZ on Thursday the data agency…...