ASB brings Reserve Bank rate cut prediction forward to November
ASB is the latest local bank to bring forward its forecast of a Reserve Bank rate cut, picking it could come as soon as November.
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Author Archives: RNZ Business Headlines
One New Zealand gets naming rights for new $683m Christchurch stadium
Construction of the 30,000-seat roofed arena is continuing ahead of its planned opening in April 2026.
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Government wants to ‘flood the market’ to make houses more affordable – how will that work?
Here’s what the Housing Minister is planning – and how it might work.
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Bluff oyster season forced to end early for some
Challenging conditions for Bluff oyster harvesters have seen some operators pull up anchor early for the season.
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Ikea owner growing its New Zealand forestry portfolio
The Overseas Investment Office will allow Ingka Investments to buy 23,495 hectares.
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Tax revenue surges in 11 months to May
Tax revenue was $1.6b above expectations, which Treasury said had likely continued through to the end of the financial year in June.
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Retail spending slump nearly surpassing ’80s sharemarket crash
The current spending plunge is the worst in decades, data shows.
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House prices have largest monthly drop in a year
Property prices are down in most parts of the country, with Corelogic’s index down 0.5% percent in June.
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Council rates rises blamed for rocketing rents
Here are the 10 regions with the largest rent rises since the Covid freeze on increases ended.
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Tariffs removed on key wool and wood products in trade deal
Trade and Agriculture Minister Todd McClay calls the deal “ground breaking”.
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