Dairy product prices declined at the Global Dairy Trade auction, as whole milk powder and butter fell amid expectations of ample supply.
New Finance Minister Grant Robertson faces a tough time convincing existing Reserve Bank staff that they can run the economy hotter to get unemployment below four percent, at least for now.
National Leader Bill English has claimed on the campaign trail that incomes have risen twice as fast as the rate of inflation in the last nine years. He also said exports are diversifying. Rod Oram has fact-checked both claims and finds English is mostly wrong on incomes and just plain wrong on exports.