Regional Economic Development Minister Shane Jones accused Fonterra of being disconnected from farmers and called on Chairman John Wilson to resign. The US Federal Reserve raised its key cash rate to around 2.0 percent and signaled two more hikes this year. This if the first time New Zealand's OCR has been below America's official rate.
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.
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.
In this morning's email we looked at how, and why, Labour is keen not to scare the business horses.
In today's email we find a landmine for the incoming Reserve Bank governor to defuse.
In today's email we asked whether the economy is getting closer to its increasingly hard to define "speed limit".
The U.S. stock market slumps 4.6 percent on fears of rising inflation and interest rates, but few see it as the start of a new Global Financial Crisis. Bernard Hickey reports.
Finance Minister Grant Robertson is encouraged by the state of the economy and the Government's books despite lower business confidence, but is eyeing an elevated currency. Bernard Hickey reports.
1. Winston wins again
In this morning's email we dig into the detail of Acting Reserve Bank Governor Grant Spencer's first MPS and press conference and what it might mean for new Finance Minister Grant Robertson's reform plans.