business
Gareth Morgan looks at tax (again) and concludes we can’t get rich as a nation by selling houses and land to each other; we need to sell stuff to the world
10th Sep 16, 6:02am
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Gareth Morgan looks at tax (again) and concludes we can’t get rich as a nation by selling houses and land to each other; we need to sell stuff to the world
Little wants settings for work visas reviewed so low-skilled migrants are not taking jobs unemployed young locals could fill; attacks Key over comments workers 'on drugs and lazy'; wants lower residency target; Labour also wants export education inquiry
6th Sep 16, 4:51pm
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Little wants settings for work visas reviewed so low-skilled migrants are not taking jobs unemployed young locals could fill; attacks Key over comments workers 'on drugs and lazy'; wants lower residency target; Labour also wants export education inquiry
PM says migrants needed for low-wage jobs such as fruit picking, cafe work because NZers can't or won't do the work, or live elsewhere; says employers cite drug and health problems for locals; migration 'adds value' to country
5th Sep 16, 1:16pm
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PM says migrants needed for low-wage jobs such as fruit picking, cafe work because NZers can't or won't do the work, or live elsewhere; says employers cite drug and health problems for locals; migration 'adds value' to country
Governor defends flexible inflation targeting regime; sticks with MPS view of another 35 bps of OCR cuts; says holding OCR would push up NZ$; but says more aggressive cuts would not lower NZ$ much and would worsen housing imbalances
23rd Aug 16, 9:20am
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Governor defends flexible inflation targeting regime; sticks with MPS view of another 35 bps of OCR cuts; says holding OCR would push up NZ$; but says more aggressive cuts would not lower NZ$ much and would worsen housing imbalances
Statistics NZ reports unemployment fell to 5.1% in June quarter from revised 5.2% in March quarter; Under-utilisation rate, which includes unemployed and those who want more work, at 12.7%; 342,000 out of work or want more work
17th Aug 16, 11:16am
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Statistics NZ reports unemployment fell to 5.1% in June quarter from revised 5.2% in March quarter; Under-utilisation rate, which includes unemployed and those who want more work, at 12.7%; 342,000 out of work or want more work
English says unfair to say Wheeler has failed to meet his performance target on keeping inflation around 2% when global inflation is very low and NZ economy is growing faster than 3%; says 2nd term up to board
16th Aug 16, 1:07pm
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English says unfair to say Wheeler has failed to meet his performance target on keeping inflation around 2% when global inflation is very low and NZ economy is growing faster than 3%; says 2nd term up to board
RBNZ's Wheeler expects banks to pass on most of OCR cut; says RBNZ will send debt to income multiple limit plan to English in next week or two, but unlikely to be introduced this year; says migration putting downward pressure on wages
11th Aug 16, 11:11am
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RBNZ's Wheeler expects banks to pass on most of OCR cut; says RBNZ will send debt to income multiple limit plan to English in next week or two, but unlikely to be introduced this year; says migration putting downward pressure on wages
RBNZ cuts OCR by 25 bps to 2.0% and forecasts just one more cut; NZ$ sprints over 73 USc after markets had forecast chance of 50 bps cut
11th Aug 16, 9:12am
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RBNZ cuts OCR by 25 bps to 2.0% and forecasts just one more cut; NZ$ sprints over 73 USc after markets had forecast chance of 50 bps cut
PM expects banks to be good corporate citizens and pass on all of OCR in full if they can; Key deflects calls for migration review; says migration needed with 5.2% unemployment; says RBNZ has flexibility with inflation target, but can use LVRs and cut OCR
8th Aug 16, 7:12pm
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PM expects banks to be good corporate citizens and pass on all of OCR in full if they can; Key deflects calls for migration review; says migration needed with 5.2% unemployment; says RBNZ has flexibility with inflation target, but can use LVRs and cut OCR
Partial jobs and wages data weaker than expected in June quarter; private sector wage inflation soft at 0.4% for qtr and 1.6% for year; economists see plenty of room for RBNZ to cut OCR next Thursday
3rd Aug 16, 12:33pm
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Partial jobs and wages data weaker than expected in June quarter; private sector wage inflation soft at 0.4% for qtr and 1.6% for year; economists see plenty of room for RBNZ to cut OCR next Thursday
Gareth Kiernan sees sharply higher construction activity generating booming employment and business growth across the country at a time an ageing workforce requires more young entrants
3rd Aug 16, 9:10am
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Gareth Kiernan sees sharply higher construction activity generating booming employment and business growth across the country at a time an ageing workforce requires more young entrants
LINZ data for June quarter shows 3% of buyers say they are foreign tax residents, but data doesn't include overseas students or tempory work visas, or trusts and corporates; LINZ says more reliable data due in a year
1st Aug 16, 2:21pm
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LINZ data for June quarter shows 3% of buyers say they are foreign tax residents, but data doesn't include overseas students or tempory work visas, or trusts and corporates; LINZ says more reliable data due in a year
Statistics NZ has taken the most unusual step of delaying release of the Household Labour Force Survey for two weeks
29th Jul 16, 2:00pm
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Statistics NZ has taken the most unusual step of delaying release of the Household Labour Force Survey for two weeks
Vic Crone echoes Phil Goff's call for housing densification to be prioritised around transport hubs, emphasises importance of improving transport and using more PPPs
29th Jul 16, 9:21am
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Vic Crone echoes Phil Goff's call for housing densification to be prioritised around transport hubs, emphasises importance of improving transport and using more PPPs
RBNZ says inflation outlook has weakened due to 6% rise in NZ$ since June 9; says 'decline in exchange rate needed' as it's making it hard for RBNZ to meet inflation target; says likely further easing required
21st Jul 16, 9:09am
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RBNZ says inflation outlook has weakened due to 6% rise in NZ$ since June 9; says 'decline in exchange rate needed' as it's making it hard for RBNZ to meet inflation target; says likely further easing required
RBNZ acts to urgently tighten lending to investors; proposes 60% LVR limit for rental property investors nation-wide from Sept 1; also plans to tighten LVR lending above 80% for other borrowers
19th Jul 16, 9:14am
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RBNZ acts to urgently tighten lending to investors; proposes 60% LVR limit for rental property investors nation-wide from Sept 1; also plans to tighten LVR lending above 80% for other borrowers
CPI up 0.4% in June quarter and up 0.4% from a year ago; Economists had expected around 0.5% for both; RBNZ had forecast 0.6%; Auckland rents up 3.5% and Auckland new house costs up 7.6% from year ago
18th Jul 16, 10:52am
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CPI up 0.4% in June quarter and up 0.4% from a year ago; Economists had expected around 0.5% for both; RBNZ had forecast 0.6%; Auckland rents up 3.5% and Auckland new house costs up 7.6% from year ago
RBNZ's McDermott talks about monetary policy decisions, but is quiet on current conditions; says RBNZ using committees more in OCR decisions; says regularly researching drivers of surprisingly low inflation
13th Jul 16, 12:47pm
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RBNZ's McDermott talks about monetary policy decisions, but is quiet on current conditions; says RBNZ using committees more in OCR decisions; says regularly researching drivers of surprisingly low inflation
Recommendations for foreign trusts having stronger initial registration rules and need for annual returns with distribution details will be 'moved on quickly' by Govt
13th Jul 16, 11:48am
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Recommendations for foreign trusts having stronger initial registration rules and need for annual returns with distribution details will be 'moved on quickly' by Govt
Key says via phone call from London that decision to stop taking dividend from Housing NZ as 'a bit semantic'; says commentators increasingly accept Govt's 'comprehensive' housing plan'; says Labour plan not new or startling
12th Jul 16, 10:17am
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Key says via phone call from London that decision to stop taking dividend from Housing NZ as 'a bit semantic'; says commentators increasingly accept Govt's 'comprehensive' housing plan'; says Labour plan not new or startling
RBNZ's Spencer toughens call for review of migration settings; English says RBNZ doesn't have detailed understanding of tax and migration policy, and may have missed recent moves
11th Jul 16, 10:30am
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RBNZ's Spencer toughens call for review of migration settings; English says RBNZ doesn't have detailed understanding of tax and migration policy, and may have missed recent moves
Andrew Little announces second tranche of Labour's Housing policy; plans to build add net extra 1,000 state houses each year; return housing assessment to Housing NZ from WINZ; Housing would stop paying dividends; use funds to build houses instead
9th Jul 16, 12:19pm
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Andrew Little announces second tranche of Labour's Housing policy; plans to build add net extra 1,000 state houses each year; return housing assessment to Housing NZ from WINZ; Housing would stop paying dividends; use funds to build houses instead
Key doubles down on instruction to RBNZ to move faster on LVRs, despite RBNZ speech saying it will only tighten LVR rules by end of 2016; Key also rejects RBNZ suggestion for migration review
8th Jul 16, 6:16pm
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Key doubles down on instruction to RBNZ to move faster on LVRs, despite RBNZ speech saying it will only tighten LVR rules by end of 2016; Key also rejects RBNZ suggestion for migration review
Key says expects RBNZ to take extra measures to limit lending to rental property investors in Auckland and other high growth areas; RBNZ to speak on Thursday on housing market and Macro-Prudential policy
5th Jul 16, 2:33pm
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Key says expects RBNZ to take extra measures to limit lending to rental property investors in Auckland and other high growth areas; RBNZ to speak on Thursday on housing market and Macro-Prudential policy
Finance Minister says traditional links between NZ$ and interest rates not holding; says previous OCR cuts didn't affect currency; says TWI-OCR linkage not mechanical
5th Jul 16, 12:43pm
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Finance Minister says traditional links between NZ$ and interest rates not holding; says previous OCR cuts didn't affect currency; says TWI-OCR linkage not mechanical