Stories by Gyles Beckford
News
Watch: Annual inflation rate fall explained
Consumer prices rose 1.2 percent in the first three months of the year, driven by food and housing costs, but the annual inflation rate fell to 6.7 percent, well below expectations.
OCR expected go up again but end of rises may be in sight
The Reserve Bank is set to deliver another rise in the official cash rate but the end to the aggressive series of interest rate hikes may be in sight.
Levy for banks earning more than $500m needed, bank workers' union says
The union representing bank workers wants a levy on excess profits in the sector as well as a broader inquiry.
GDP falls 0.6% in three months ending December
New Zealand's economy contracted more than expected in the December quarter, with GDP falling 0.6 percent.
Banks make new record profits amid strong inflation, rising interest rates
Collective profits for the sector were $7.18 billion for the year ended December, as pressure grows for an inquiry into the level of profits banks are making.
Reserve Bank raises official cash rate by 50 basis points
Reserve Bank Governor Adrian Orr has made a monetary policy statement after hiking the official cash rate (OCR) for the 10th consecutive time since 2021.
Govt looking at targeted help for those hit hardest by cyclone
Further short-term relief measures to help those hit by floods and the cyclone will be announced soon, the Minister of Finance says.
Suncorp expecting significant claims from Auckland floods
More than 8000 claims have been sent to Vero and AA Insurance by flood victims so far.
Unemployment edges up to 3.4%, wages grow at record levels
The unemployment rate rose to 3.4 percent in the final quarter of 2022 and job growth over the three months was modest.
Annual inflation rate holds at 7.2% percent as consumer prices rise
Inflation has remained stubbornly close to multi-decade highs as cheaper fuel only partly offset rises in food, household, and building costs. Audio
CPI indicates inflation may have peaked, but economic pressures persist
Inflation may have peaked, but hefty rate rises and economic recession still loom large on the horizon.
Official cash rate raised by 75 basis points to 4.25 percent
The Reserve Bank has raised the Official Cash Rate by 75 basis points to 4.25 percent in its efforts to combat rising inflation.
Ardern to discuss Ukraine war, development in Pacific with Chinese president
The Prime Minister is to meet Chinese President Xi Jinping in coming days with a promise to discuss the issues that divide the New Zealand and China as well as their common ground.
Ardern's visit to Vietnam focuses on trade, food production technology
An agreement to allow the import of Vietnamese limes after years of difficulty because of biosecurity fears looks to be a wedge in a trade door this summer.
Top-level meetings, fruit-picking visit for Ardern in Vietnam
A mid-evening fruit-picking expedition has ended the Prime Minister's first day in Vietnam after a helter-skelter programme of top-level meetings and pomp and ceremony.
Myanmar govt's executions 'a stain on region' - Jacinda Ardern
The prime minister is supporting a call for action over Myanmar during a regional security summit in Cambodia.
Reappointed RBNZ Governor in eye of 'pandemic induced inflation storm'
Analysis - Reserve Bank Governor Adrian Orr has never fitted the buttoned down, scripted image of an economist, but it clearly has been no impediment to his advancement, Gyles Beckford writes.
Adrian Orr reappointed for second term as RBNZ governor
The government has reappointed Adrian Orr for a second five-year term as governor of the Reserve Bank of New Zealand.
Economists predict assertive response to inflation data from Reserve Bank
Economists have been quick to forecast even more aggressive interest rate rises from the Reserve Bank to combat inflation.
Higher food and housing costs drive consumer prices up, annual rate falls
Consumer prices rose 2.2 percent in the three months ended September driven by higher food and housing costs, keeping inflation close to a 32-year high.
Inflation rate tipped to fall from 32-year high
New Zealand's inflation rate has likely peaked, but interest rates are expected to continue rising.
Official cash rate raised by 50 basis points to 3.5 percent
The Reserve Bank has raised the official cash rate by 50 basis points to 3.5 percent, as expected.
Reserve Bank expected to announce eighth rise in OCR
The decision, due on Wednesday, is another lap in the Reserve Bank's anti-inflation marathon.
Reserve Bank to deliver OCR raise to seven-year high of 3 percent
It will be the seventh rise in the OCR since last October, the most aggressive tightening cycle since the current monetary policy system was instituted in 1999.
Why are NZ's top companies expected to post earnings amid economic woes?
With a slowing economy, struggling business and consumer confidence, Covid-19 still biting and the impact of rising interest rates and inflation, why are NZ's top companies on the stock exchange…