The Business Times

New Zealand

Banking & Finance

New Zealand central bank cuts cash rate by 25 bps to 2.25%

New Zealand’s economy has historically relied on population growth to stoke domestic demand.
International

New Zealand’s slow population growth hampers economic recovery

Seasonally adjusted median house prices in New Zealand edged 0.7 per cent higher from September but were down 1.2 per cent on the previous year, REINZ data showed.
Property

New Zealand home prices rise in October but remain lower year-on-year

New Zealand's mortgage rates have fallen to the lowest in more than three and a half years and property values have hovered around 17 per cent below their 2022 peak.
Property

First-time home buyers finally find relief in New Zealand’s market

Economists polled by Reuters had forecast an unemployment rate of 5.3 per cent and for employment to rise 0.1 per cent. The central bank had expected the unemployment rate to be 5.3 per cent.
International

New Zealand’s jobless rate increases to 5.3% in third quarter

Construction has been slow to recover from a sharp downturn last year, even as the RBNZ has aggressively cut interest rates.
Property

New Zealand quarterly dwelling approvals near three-year high

From left: New Zealand Prime Minister Christopher Luxon welcoming Singapore's Foreign Minister Vivian Balakrishnan and PM Lawrence Wong to dinner on the sidelines of Apec meetings in Gyeongju, South Korea.
Economy & Policy

PM Wong hosted to dinner by New Zealand PM on sidelines of Apec meeting

The RBNZ slashed its benchmark rate by 50 basis points this month.
Banking & Finance

New Zealand central bank says rate-cut impacts on domestic economy are as expected

The decision to relax disclosure rules comes just days after New Zealand adopted a less ambitious methane emissions target and ruled out a tax on farm emissions.
International

New Zealand to relax climate reporting rules over cost concerns

Air New Zealand’s challenges have been compounded by a small domestic market and fierce competition from Australian rivals Qantas Airways and Virgin Australia.
Transport & Logistics

Air New Zealand warns of first-half loss as weak bookings and rising costs bite

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