New Zealand

New Zealand’s economic woes cast a shadow on its Budget

GDP growth is expected to be 1.7 per cent in the 12 months ending June 30, 2026

RBNZ governor Anna Breman said the central bank "would maintain a laser focus on (its) core mandate" of low and stable inflation.

New Zealand central bank says policy path not preset, guided by inflation outlook

[WELLINGTON] New Zealand’s top central banker said on Wednesday (Dec 10) that there was no preset course for monetary policy and that adjustments would be made if the outlook for inflation changed.

Under the new system, there will be fewer consents, less paperwork and quicker decision-making, which will reduce costs and encourage growth.

New Zealand to lift planning ‘handbrake’ and accelerate housing growth

The government is delivering on a pledge to reform the RMA, which has been in place since 1991

The long-awaited outlet at the Sylvia Park shopping centre in Auckland is Ikea’s 505th store.

Ikea opens its farthest store from Sweden in New Zealand

[AUCKLAND] Ikea opened its first store in New Zealand on Thursday, entering its 64th market and marking the furniture retailer’s most distant outpost from its native Sweden.

The RBNZ forecasts GDP growth of 1.1 per cent in the six months to December and 2.9 per cent in 2026.

New Zealand residential building gain signals economic growth

Construction has been slow to recover from a sharp downturn in 2024 when the economy slumped into recession

New Zealand's consumer confidence index jumped to 98.4 in November from 92.4 in October, according to ANZ-Roy Morgan data.

New Zealand consumer confidence hits highest level since June

[SYDNEY] Consumer confidence in New Zealand rose in November to its highest level since June, ANZ-Roy Morgan data showed on Friday, as shoppers bought more discretionary items and retailers saw improv...

A net 67.1 per cent of respondents expected New Zealand's economy to improve over the year ahead.

New Zealand business confidence jumps in November to highest in a decade

[SYDNEY] New Zealand’s business confidence jumped in November to its highest level in 11 years, suggesting an economic recovery was underway, an ANZ Bank survey showed on Thursday.

New Zealand's economy looks set to expand in 2026 with low and falling inflation, said RBNZ Governor Christian Hawkesby.

New Zealand central bank says economic recovery picking up

[AUCKLAND] Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New Zealand Governor Christian Hawkesby told a parliam...

RBNZ has delivered 325 basis points worth of easing since August 2024 to shore up an economy that has contracted in three of the last five quarters.

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

Policymakers signal likely end to easing cycle as economy shows early signs of picking up

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

New Zealand’s slow population growth hampers economic recovery

Gross domestic product has contracted in three of the last five quarters to June