Labour's proposed ban on foreign buyers has gone to select committee where submitters have suggested that it could stifle growth in the tourism sector.
Yesterday we found out the overall economy grew solidly in the March quarter, but that per capita growth and inflation were almost flat. More on that below.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Thursday.
The hawkishness of Reserve Bank's forecasts yesterday and Governor Graeme Wheeler's clear reluctance to intervene in the New Zealand dollar saw the currency spike more than a cent higher to touch 86 USc overnight. The NZ dollar rose briefly yesterday to a record post-float high of 80 on the Trade Weighted Index.