Focus
Nicola Willis
NZ’s Central Bank Gives Mortgage Payers an Early Christmas Present With Interest Rate Cut
The official cash rate has been cut by 50 points, providing homeowners with some relief, and retailers with some hope.
New Zealand’s Inflation Rate Now Below That of Australia, US, and OECD
New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
New Zealand’s Reserve Bank Told to Act on Lack of Competition
Finance Minister Nicola Willis has told the Bank to use its regulatory powers to encourage more banking competition, or the government will act.
New Zealanders Finally See Interest Rates Fall as Central Bank Braces for Another Recession
The Reserve Bank of New Zealand has made a surprise decision to reduce the official cash rate, and banks are dropping loan rates.
Tax Cuts Meet Services Cuts in NZ Coalition’s First Budget
Finance Minister Nicola Willis has delivered a $14.7 billion tax cut package, but economic forecasts are bad and further cuts to services are planned.
NZ on Track for Worse Than Predicted Deficit Despite Slashing Government Spending
The reduction in expenditure isn’t enough to balance a sharp fall in the tax take from an economy officially in recession.
Health Official Quits In Response to Conservative Government Overturning NZ Smoking Ban
The ACT Party welcomed the move saying it needed officials ready to carry out the government’s agenda.
Cost of Living Is ‘Number 1’ Priority, Newly Sworn in NZ PM Says as Inflation Remains at 7.2 Percent
