Rural News
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
EY's Rees Logan suggests our highly profitable banks are playing a long-term and responsible game with struggling dairy farmer borrowers
5th Jul 16, 10:02am
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EY's Rees Logan suggests our highly profitable banks are playing a long-term and responsible game with struggling dairy farmer borrowers
Crown accounts show OBEGAL surplus of $2.304 bln for 11 months to May; Treasury says Govt on track for Budget forecast of $668 mln surplus for full 2015/16 year
5th Jul 16, 10:02am
Crown accounts show OBEGAL surplus of $2.304 bln for 11 months to May; Treasury says Govt on track for Budget forecast of $668 mln surplus for full 2015/16 year
Building Minister says Cabinet considering granting compulsory acquisition powers for Urban Development Authorities; initially says could be used to combat land-bankers, but then back-tracks; Reaction mixed
4th Jul 16, 10:57am
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Building Minister says Cabinet considering granting compulsory acquisition powers for Urban Development Authorities; initially says could be used to combat land-bankers, but then back-tracks; Reaction mixed
Shewan Inquiry into foreign trusts recommends stronger initial registration rules and need for annual returns with distribution details; Revenue Minister plans to stop 'excessive payments' by local units to foreign parents
27th Jun 16, 3:05pm
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Shewan Inquiry into foreign trusts recommends stronger initial registration rules and need for annual returns with distribution details; Revenue Minister plans to stop 'excessive payments' by local units to foreign parents
PM doesn't see OCR cut on August 11 more likely after Brexit vote; says RBNZ still forecasting 3%-plus growth; Wheeler still has buffer, but Brexit no reason to cut by itself, he says; New FTA needed with UK post Brexit
27th Jun 16, 10:29am
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PM doesn't see OCR cut on August 11 more likely after Brexit vote; says RBNZ still forecasting 3%-plus growth; Wheeler still has buffer, but Brexit no reason to cut by itself, he says; New FTA needed with UK post Brexit
Bernard's Top 10: Is a US recession coming?; NZ's awful productivity performance; Our just as awful export sector; Why are consumers so worried about the future?; Clarke and Dawe; John Oliver on Brexit
24th Jun 16, 2:10pm
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Bernard's Top 10: Is a US recession coming?; NZ's awful productivity performance; Our just as awful export sector; Why are consumers so worried about the future?; Clarke and Dawe; John Oliver on Brexit
GDP grew 0.7% in March quarter compared with consensus forecasts of 0.6%
PM cites changing societal norms of later families, more people wanting to rent to explain falling home ownership rate; says RBNZ best placed to target rental property investors; won't use crisis or bubble words for Auckland
13th Jun 16, 10:18am
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PM cites changing societal norms of later families, more people wanting to rent to explain falling home ownership rate; says RBNZ best placed to target rental property investors; won't use crisis or bubble words for Auckland
RBNZ's Wheeler signals tougher loan to value ratio controls for investors 'towards the end of the year, or before that'; says debt to income controls a longer term prospect; confirms already in talks with English
9th Jun 16, 1:05pm
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RBNZ's Wheeler signals tougher loan to value ratio controls for investors 'towards the end of the year, or before that'; says debt to income controls a longer term prospect; confirms already in talks with English
RBNZ leaves OCR 2.25% as most local economists expected; Wheeler says NZ$ 'higher than appropriate'; says Auckland house prices 'very high' and more housing supply needed'; says 'further policy easing may be required'
9th Jun 16, 9:11am
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RBNZ leaves OCR 2.25% as most local economists expected; Wheeler says NZ$ 'higher than appropriate'; says Auckland house prices 'very high' and more housing supply needed'; says 'further policy easing may be required'
Treasury warning Govt that surge in temporary work visa arrivals and working foreign students lowering skill levels of migrants and pressuring productivity and wages; Peters calls for sharp cuts in migration; Little eyes changes; Key denies issue
7th Jun 16, 5:03pm
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Treasury warning Govt that surge in temporary work visa arrivals and working foreign students lowering skill levels of migrants and pressuring productivity and wages; Peters calls for sharp cuts in migration; Little eyes changes; Key denies issue
English warns highly indebted home buyers about risks of higher interest rates and lower net migration; says ANZ's tightening of lending criteria suggests market near 'risky level'; doesn't want US, Irish-style slump
7th Jun 16, 12:23pm
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English warns highly indebted home buyers about risks of higher interest rates and lower net migration; says ANZ's tightening of lending criteria suggests market near 'risky level'; doesn't want US, Irish-style slump
Smith puts out National Policy Statement that requires high growth Councils to open up 15% more land than is forecast to be required; NPS to be in place by Oct and back up Unitary Plan; Smith sees Commissioner for Auckland not needed
2nd Jun 16, 12:31pm
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Smith puts out National Policy Statement that requires high growth Councils to open up 15% more land than is forecast to be required; NPS to be in place by Oct and back up Unitary Plan; Smith sees Commissioner for Auckland not needed
Labour and Green parties sign first ever Memorandum of Understanding to work together to change Government
31st May 16, 4:22pm
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Labour and Green parties sign first ever Memorandum of Understanding to work together to change Government
Key says the National Policy Statement on urban land use will direct Auckland Council to release land if it fails to meet targets
27th May 16, 3:57pm
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Key says the National Policy Statement on urban land use will direct Auckland Council to release land if it fails to meet targets
Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
26th May 16, 3:45pm
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Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
Terry Baucher says IRD's new computer system is a winner and smokers and carbon emitters are the losers in an underwhelming Budget
26th May 16, 3:45pm
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Terry Baucher says IRD's new computer system is a winner and smokers and carbon emitters are the losers in an underwhelming Budget
Elizabeth Kerr looks deep inside Budget 2016 to find...not much. There's big new taxes for smokers, but nothing for wage earners. IRD's computer builders are winners, but there's not much for housing
26th May 16, 2:14pm
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Elizabeth Kerr looks deep inside Budget 2016 to find...not much. There's big new taxes for smokers, but nothing for wage earners. IRD's computer builders are winners, but there's not much for housing
Govt sees NZ$0.7 bln OBEGAL surplus in 2016/17; rises to NZ$6.7 bln by 2019/20; NZDMO to borrow NZ$2bln less this year and repay NZ$9.2 bln of debt by 2020; NZSF contributions to restart 2 yrs earlier in 2020/21
26th May 16, 2:03pm
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Govt sees NZ$0.7 bln OBEGAL surplus in 2016/17; rises to NZ$6.7 bln by 2019/20; NZDMO to borrow NZ$2bln less this year and repay NZ$9.2 bln of debt by 2020; NZSF contributions to restart 2 yrs earlier in 2020/21
Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
25th May 16, 3:46pm
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Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
Nick Smith announces deals done for developments on three Government-owned land sites in Auckland to build 740 homes; sites in Manukau, Mt Albert and Waterview; homes to be built within 18 mths
23rd May 16, 4:03pm
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Nick Smith announces deals done for developments on three Government-owned land sites in Auckland to build 740 homes; sites in Manukau, Mt Albert and Waterview; homes to be built within 18 mths
Rabobank NZ posts rise in March quarter profit against backdrop of tough times for dairy farmer customers
20th May 16, 11:49am
Rabobank NZ posts rise in March quarter profit against backdrop of tough times for dairy farmer customers
