M.I.A.
OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.
Economists are suddenly divided over whether the official cash rate will rise this afternoon.
Whereas a day ago, a hike was expected by all major analysts, some have now shifted to an on-hold decision.
Reserve Bank will deliver its monetary policy statement at 2pm.
Westpac head of NZ strategy Imre Speizer says yesterday’s sudden Covid-related lockdown has changed sentiment.
Westpac’s economists argue that regardless of the economic case for higher interest rates, there is nothing to be gained from pushing the OCR higher now, rather than waiting for more clarity on the Covid situation, says Speizer.
Market pricing for today has fallen from a 100% chance of a hike (as at yesterday morning) to 60% currently. “We struggle to construct a plausible RBNZ scenario which would cause no market reaction.
“Thus, on this occasion, we present only two scenarios. “A 25bp hike would indicate the hawkish resolve of the RBNZ, and cause swap rates and the NZD to rise. An on-hold decision would elicit the opposite reaction to the above, but the declines would be limited by an expectation that tightening has merely been delayed.”
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…
OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.