Money
Will hiking the OCR worsen the cost of living?
A worker's union says the Reserve Bank's decision to hike the official cash rate will worsen the cost-of-living crisis.
According to a household cost index done by First Union, 23% of the direct… Audio
Interest rate hiked to 5.5 percent - economic analysis
High interest rates are here for a long time, not a good time, with the Reserve Bank cranking up the OCR another 25 basis points.
The central bank appears to think it's done its job - and 5.5 percent… Video, Audio
Retail spending drops to lowest level in a year
Consumer spending has fallen to its lowest level in more than a year as inflation and rising interest rates have curbed spending habits. Stats NZ says retail sales volumes fell 1-point-4 percent in… Audio
Let's lose our shame about money, says financial podcaster
The current high cost of living is affecting relationships as people don’t know how to say ‘I can’t afford that’, financial expert Simran Kaur says. Audio
Displaced homeowners fearful of end to accommodation assistance
Residents affected by Cyclone Gabrielle and the Auckland floods say their accommodation money is running out.
Rate hike expected - households already in "world of pain"
Economists are united in the view that interest rates will be hiked again today by the Reserve Bank as it continues to battle inflation. David Cunningham is CEO of mortgage broker Squirrel. He says… Audio
Luxon admits party's tax plans blowout by $1.5 billion
The Council of Trade Unions claims the National Party's plans to change tax thresholds is facing a $1.5 billion blow-out as a result of new forecasts from the 2023 Budget.
National had priced the… Audio
Property market pinch continues
The property market pinch continues as numbers from the first quarter of this year show more houses are being sold at a loss.
6.1% of property resales have made a loss, up from 4% percent in the… Audio
McAnulty approves 25 year betting partnership with UK
The Minister for Racing Kieran McAnulty has approved a 25-year partnership between the T-A-B and UK betting company Entain.
The deal is set to deliver at least $900 million in guaranteed funding for… Audio
Migration and Budget to push Official Cash Rate higher
Economists expect factors like migration and the Budget to push the Official Cash Rate rise higher than previously thought.
The OCR is currently at 5.25%, and the banks are torn between whether we'll… Audio
NZ Racing and UK betting partnership approved
Minister for Racing Kieran McAnulty has approved a 25-year partnership between the T-A-B and UK betting company Entain.
The deal is set to deliver at least $900 million in guaranteed funding for the… Audio
Credit cards, vehicle loan arrears point to greater financial pain
An increasing number of consumers are finding it difficult to meet their financial commitments.
Wayne Brown not confident his preferred budget plan will pass muster
Auckland's Mayor is reminding councillors of the need for a balanced budget, with a month to go before it needs to be signed off.
'Hundreds of thousands' of Kiwis don't have money for food
Working families are increasingly needing help to put food on the table as the cost of living and inflation remains high. Audio
North Island foodbanks face major donations shortage
Foodbanks across the North Island are finding their pantries empty amid a shortage in donations.
As New Zealanders grapple with the cost of living crisis, those who rely on foodbanks are being turned… Video, Audio
More applying for KiwiSaver funds under cost of living stress
More and more people are applying to release their KiwiSaver funds as the cost of living and the aftermath of extreme weather events hit hard.
In March, 3000 people withdrew funds - almost double the… Video, Audio
The Week in Detail: From sportswashing to council asset sales
The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week. Audio
The Week in Detail: From sportswashing to council asset sales
The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.
AudioClive Fernandes: Kiwisaver Trends
We hear about the amount of money we'll need in retirement and for many people it seems like a long way from reality. The KiwiSaver advisory firm National Capital has released its first KiwiSaver… Audio
Budget 2023: bare bones, blowout, or both?
The 2023 Budget has proven difficult to define: neither the belt-tightening exercise that was promised, nor the blatant bribery sometimes seen in election years.
Certainly, it is no election… Audio
