The Reserve Bank held interest rates at record lows and repeated its neutral view that it could either raise or cut rates. Business confidence fell again back to its post-election low. Labour scrapped its KiwiBuild visa policy forcing employers to take on an apprentice for each migrant. Instead, it will streamline the hiring of migrant workers to fill a 30,000 construction workers shortage. Shane Jones said John Key lobbied him to exempt the Te Arai land development from foreign buyer rules.
Donald Trump's moves to pull out of the Iranian nuclear deal and start trade wars with Europe and China created further fallout for oil prices and Harley Davidson. Winston Peters said he wanted houses to be affordable for people on the living wage, but only if house prices did not fall. That would imply a 100 year wait for Aucklanders on the living wage.