Reserve Bank governor Adrian Orr said the market needs to be "more comfortable" with expansionary monetary policy if businesses keep looking backward when setting prices, but acknowledged the bank could get caught behind the curve.
New Zealand food prices edged up in April as the cost of takeaway food and tomatoes rose, while chicken prices fell to near a four year low.
New Zealand's manufacturing activity accelerated in April, bouncing back from a lull in the first three months of the year, as a pick up in building intentions stoked production among building materials companies.
CBL Corp's voluntary administrators say a creditors' watershed meeting will be held next week, with their opinion on whether the company should be liquidated to be released today.
Warehouse Group's third-quarter sales advanced 2.6 percent as its Noel Leeming appliance and technology chain outperformed its other businesses.
Tilt Renewables, the wind and solar generation facilities which split from Trustpower in 2016, posted an annual loss and trimmed dividends as a lack of wind in New Zealand and Australia stifled generation at its windfarms.
The New Zealand dollar, which fell to a five-month low yesterday on confirmation interest rates are set to stay low, rose overnight after US inflation came in lower than economists were expecting.
Here's my read on the eight things that mattered in the political economy over the last week.
It’s far from clear that the Government’s dairy industry review announced this week will really get to grips with the sector’s opportunities and challenges, let alone recommend legislative and policy change that will help it with its next great phase of development.
Wall Street rallied as a report showing lower-than-expected inflation eased concern the Federal Reserve will have to accelerate its planned pace of interest rate increases.
The New Zealand directors of subsidiaries of the 'big four' Australian banks have been put on notice by the new Reserve Bank of New Zealand governor to ensure they are acting in New Zealand's interests and in tune with New Zealand's banking culture, not that of their parents across the Tasman, reports Lynn Grieveson.
New Reserve Bank Governor Adrian Orr has given the economy the thumbs up in his first monetary policy statement, and received praise in return for his relaxed and upfront style.
Finance Minister Grant Robertson used the traditional pre-Budget speech to announce a fresh cinching of his fiscal belt while remaining coy on exactly where a recent tax revenue windfall will be spent.
A black market in cattle sales and a lack of compliance with the National Animal Identification and Tracing (NAIT) regime by farmers is hampering the Ministry for Primary Industries' efforts to respond to Mycoplasma bovis, which is now New Zealand's largest animal surveillance issue.
Xero is closing in on generating a maiden profit after delivering its first positive operating earnings with wider gross margins and continued subscriber growth in a year that saw founder Rod Drury step back from the day-to-day business.
Reserve Bank governor Adrian Orr greeted journalists in English, Maori and sign language and pledged to address a lack of open dialogue at the central bank in his first press conference at the helm.
Emails released to Newsroom under the Official Information Act suggest taxpayer-funded spying probably took place at a public meeting of Christchurch earthquake victims in 2014. David Williams reports.
The Advertising Standards Authority recently released the amount of advertising revenue generated last year in New Zealand. Traditional media is struggling but as Mark Jennings reports, there are a few bright spots.
Reserve Bank Governor Adrian Orr has said that New Zealand’s foreign currency settings were at the right level given that New Zealand's terms of trade were at record highs. His comments represent a significant shift from previous Governors, who have often noted the currency's strength.
Finance Minister Grant Robertson has used his pre-Budget speech to announce a fresh belt tightening exercise by his ministers and has indicated a tax revenue windfall over the last six months is more likely to be used on extra operational spending than extra capital spending when he delivers Budget 2018 next Thursday.
New Zealand accommodation providers hosted a record number of guest nights for a March month this year, as an earlier Easter holiday and warmer weather lured more people to holiday parks.
SkyCity Entertainment Group sold its Federal Street carpark in Auckland for $40 million, as it moves to free up cash from non-core assets to reduce debt and fund future growth.
The government wants public input on the laws surrounding Ponzi schemes, with current legislation to recover investors' funds not designed to deal with the scams meaning victims are left out of pocket.
Here's a few longer reads for your weekend pleasure.
US President Donald Trump is not a model in diplomacy, and neither are his diplomats. Hours after receiving his credentials, new American ambassador to Germany Richard Grenell tweeted the following.
Every morning around 8 am we publish links to the most useful news items around various sites on political and governmental matters.
The news that mattered this morning
The Reserve Bank has left the official cash rate or OCR at 1.75 percent for the tenth consecutive decision. In a statement this morning the RBNZ said it expected the rate to stay at 1.75 percent for “some time to come”, with the risks of either cuts or increases evenly balanced.
New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down although its forecasts continue to point to eventual rate increases. The New Zealand dollar fell.
The New Zealand dollar rose from a four-month low ahead of Reserve Bank governor Adrian Orr's first monetary policy statement, which is under close scrutiny for any deviation from the previous leadership.
Wall Street gained with oil prices, while 10-year US Treasury yields climbed above 3 percent amid bets the Federal Reserve will step up the pace of interest rate increases to keep inflation in check.
The Super Fund's bid to build and own Auckland's light rail lines is a political gift for Labour, but disguises a potentially expensive money-go-round between state-owned entities.
The Government could roll out public private partnerships to fund infrastructure projects across Auckland and Wellington, Transport Minister Phil Twyford and Finance Minister Grant Robertson said today after the surprise launch of a plan for light rail lines in Auckland that could be funded by a New Zealand Superannuation Fund-led consortium.
That Donald Trump has upended the world of diplomacy is not up for debate. Yet the New Zealand embassy’s decision to engage a US lobbying firm with no prior foreign experience raises questions about the state of our affairs in Washington, as Sam Sachdeva writes.
The polytechnic sector is on the brink of collapse, fighting against low unemployment and a voracious private market. How did things get so bad, and is there a way back for our polytechs? Shane Cowlishaw reports.
The government says political considerations about New Zealand's relationship with China aren't the reason why it chose not to tax Chinese steel imports, as local steel producer New Zealand Steel attempts to have that decision overturned in the High Court.
Vector chair Michael Stiassny says he won't seek re-election at this year's annual meeting because he no longer has the support of controlling shareholder Entrust Trustees, which owns 75.1 percent of Vector and represents its electricity network customers.
The New Zealand Superannuation Fund and Canadian fund manager CDPQ Infra have made an unsolicited bid to build and operate two lines in the proposed Auckland light rail, which are already getting $1.8 billion of seed investment.
New Zealand retail spending on electronic cards was lower than expected in April as consumers spent less on groceries, liquor and fuel in what Statistics New Zealand described as "unusual" figures.
The Commerce Commission is warning monopoly electricity networks not to treat electric vehicle chargers as assets they can charge all electricity users for.
Transport Minister Phil Twyford and Finance Minister Grant Robertson have announced the Cabinet has agreed to launch a procurement process to build two light rail lines from the Auckland CBD to the airport and North West Auckland.
The news that mattered this morning
Agriculture Minister Damien O'Connor wants officials to keep Kiwi consumers in mind in a review of the regulatory regime governing dominant dairy processor Fonterra Cooperative Group.
The New Zealand dollar fell to a new four-month low, joining a sell-off in commodity-linked currencies after US President Donald Trump said the US would pull out of an agreement over Iran's nuclear programme and reimpose sanctions on Tehran immediately.
Wall Street and oil prices slid after US President Donald Trump announced the US pulled out of an international nuclear deal with Iran and will reimpose sanctions, renewing concern about geopolitical tensions.
Foreign Affairs Minister Winston Peters has unveiled a nearly $1 billion boost for the Government’s foreign policy and international aid budget, arguing the funding is crucial for New Zealand’s security after a decade of underfunding.
The outlook on ASB Bank’s debt rating was lowered by Fitch Ratings following a damning report into the culture and governance of its parent Commonwealth Bank of Australia (CBA).
New Zealand businesses see a slower pace of inflation in the coming year, although firms anticipate wages will rise at their fastest pace in four years as economic growth remains robust.
Finance Minister Grant Robertson has indicated that billions of dollars has been unlocked for this Budget and subsequent Budgets because a growing economy and various policy tweaks have given the Government $2.3 billion a year of headroom, and nominal GDP is growing quickly.
Former spy minister Chris Finlayson has thrown government officials under the bus for a blunder which deprived Kiwi spooks of visual surveillance tools, saying they would have been to blame had a terrorist attack occurred.
Metro Performance Glass was cut to 'neutral' from 'outperform' by analysts at First NZ Capital on expectations the New Zealand building cycle will moderate and the sector will get less of a lift from increased investment.
An online trading platform for New Zealand wool and other natural fibres, which aims to work like the GlobalDairyTrade market, will launch later this month.
Treasury reported the Government's surplus was $910 million better than expected in the nine months to March 2018, largely because solid economic growth drove higher corporate tax receipts, higher income taxes and higher GST receipts. Treasury said tax revenues were $1.1 billion better than it forecast in December and this was expected to hold for the rest of the financial year.
The New Zealand government's operating surplus was boosted by higher-than-expected tax revenue in the first nine months of the year, suggesting the annual balance will be better than the Treasury had projected.
The things that mattered this morning
The New Zealand dollar held above 70 US cents ahead of today's survey of inflation expectations and in the lead-up to Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday.
Wall Street gained as shares of Apple rose to a record, while fresh corporate deals also boosted sentiment.
A chance Washington encounter between a Kiwi diplomat’s Labrador and a US lobbyist with Donald Trump’s phone number made headlines around the world. It led to a six-month, $250,000 relationship - but did New Zealand know what we were getting ourselves into?
Social Development Minister Carmel Sepuloni has announced the Government is seeking the views of the public and NGOs on how it uses people’s data to target spending with what the previous Government called a 'social investment approach'.
New Zealand shares gained, led higher by Gentrack Group and Port of Tauranga, with Westpac Banking Corp gaining on its first-half result.
The Ministry of Social Development has declared a seasonal labour shortage across the Bay of Plenty in a bid to find at least 1,200 people to pick and pack the remainder of this year's kiwifruit harvest, tipped to be around 19 percent, or 20 million trays, higher than a year earlier.
The New Zealand dollar was unchanged against the greenback in quiet Monday trading and ahead of the central bank's rate decision this week.
New Zealand Steel wants the High Court to overturn a decision by the government not to tax Chinese steel imports, which the firm says flooded the local market and cut into profits.
The ban on new offshore gas exploration has made it harder for fertiliser cooperative Ballance Agri-Nutrients to settle on the future for its plant at Kapuni, which is New Zealand's only ammonia-urea facility.
Briscoe Group's first-quarter sales rose 3.6 percent as the retailer's Rebel Sport chain was a swift starter in the year, outperforming the flagship homeware division.
Westpac Banking Corp;'s New Zealand unit chief executive David McLean remains upbeat about the New Zealand economy and said there is a risk the central bank could lift rates late this year rather than next.
The news that mattered this morning
Technology columnist Richard MacManus looks at a New Zealand company that aims to become the Nielsen for ratings in the streaming era globally. It's a huge prize, but not without challenges, he writes.
New Zealand’s burgeoning medicinal cannabis industry eyes big profits, but the barriers to entry are high and international competition fierce, Thomas Coughlan reports.