oil shock

Finance Minister Nicola Willis says the Government will extend its temporary fuel support measures, saying ‘based on the data in front of us, it remains too soon to declare a sustained stabilisation in the fuel price’

Finance Minister Nicola Willis says the Government will extend its temporary fuel support measures, saying ‘based on the data in front of us, it remains too soon to declare a sustained stabilisation in the fuel price’

'I do not control Donald Trump': Finance Minister Nicola Willis calls latest inflation rise 'Trump spike', Labour, Greens unconvinced

'I do not control Donald Trump': Finance Minister Nicola Willis calls latest inflation rise 'Trump spike', Labour, Greens unconvinced

Although the latest CPI inflation data wasn't as worrying as it could have been, economists still see more OCR increases ahead

Although the latest CPI inflation data wasn't as worrying as it could have been, economists still see more OCR increases ahead

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

The IMF sees lower demand for oil, more production, and inventory drawdowns all of which prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy, they say

The IMF sees lower demand for oil, more production, and inventory drawdowns all of which prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy, they say

Nouriel Roubini explains why 1970s-style oil-supply disruptions no longer generate 1970s-style economic and market effects

Nouriel Roubini explains why 1970s-style oil-supply disruptions no longer generate 1970s-style economic and market effects

Bank economists divided on whether the Reserve Bank will increase the Official Cash Rate on July 8 after May's close call

Bank economists divided on whether the Reserve Bank will increase the Official Cash Rate on July 8 after May's close call

Christopher Luxon and Nicola Willis hopeful of better economic times ahead as election nears

Christopher Luxon and Nicola Willis hopeful of better economic times ahead as election nears

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Trump’s US‑Iran ceasefire deal is a costly return to prewar conditions – and resolving nuclear questions will run into the ‘indivisibility problem,’ Farah N. Jan says

Trump’s US‑Iran ceasefire deal is a costly return to prewar conditions – and resolving nuclear questions will run into the ‘indivisibility problem,’ Farah N. Jan says

Foreign Affairs Minister Winston Peters says announcement of US-Iran deal 'a step towards reducing tensions and promoting stability in a region critical to global economic security'

Foreign Affairs Minister Winston Peters says announcement of US-Iran deal 'a step towards reducing tensions and promoting stability in a region critical to global economic security'

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Iran dragged out the 1979 hostage crisis to humiliate the US. It may try to do the same to Trump now, Amin Saikal says

Iran dragged out the 1979 hostage crisis to humiliate the US. It may try to do the same to Trump now, Amin Saikal says

DairyNZ says the 2024/25 dairy season one of the strongest financial years recorded for NZ dairy farmers, but 2026/27 season will bring a ‘cost shock’

DairyNZ says the 2024/25 dairy season one of the strongest financial years recorded for NZ dairy farmers, but 2026/27 season will bring a ‘cost shock’

Simon Johnson and Amir Kermani sketch four scenarios for the Persian Gulf - none of which bode well for global stability

Simon Johnson and Amir Kermani sketch four scenarios for the Persian Gulf - none of which bode well for global stability