Reserve Bank cuts OCR to 3%
The central bank shaved another 25 points off but once again the rate-setting body could not reach consensus on the decision.
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Category : News
How does the Reserve Bank set the OCR?
The Reserve Bank’s former assistant governor and head of economics at the Reserve Bank lays out what’s involved.
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Kitchen Things in receivership as losses mount
Most of its stores are closed for now as receivers look to identify potential buyers for the business or assets.
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Spark’s profit tumbles in ‘challenging’ period
Spark chair Justine Smyth said economic headwinds, “materially lower customer spending” and structural changes in markets contributed to the fall.
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Fletcher Building reports $419 million full-year loss
Fletcher Building has reported a full year net loss of $419m.
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Board pushes back against plans to blur rural urban boundary
Strict protections should remain in West Auckland’s environmentally sensitive areas, says Waitākere Ranges Local Board in its response to the Government’s “Going for Housing Growth” consultation proposal.
In its formal submission, the board raises…… Continue reading
Electricity Authority not ‘chocolate teapot’, Shane Jones says
The associate energy minister has previously been heavily critical of the authority, but is pleased by its move to make energy more affordable.
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New swings, slides and spaces to play in Hibiscus and Bays
Over the past eight months, five new playgrounds have opened across the Hibiscus and Bays Local Board area, offering exciting new spaces for tamariki to climb, swing, spin and explore.
Designed with all ages and abilities in mind, these playgrounds br… Continue reading
Auckland Council to consider draft rules to boost flood protections and housing
Draft changes to Auckland’s planning rules to better protect people and property from floods and other hazards, while enabling more homes near transport and jobs, will be considered by the Auckland Council’s Policy and Planning Committee on 21 August.
… Continue reading
New midtown ‘green link’ edges closer, as next part of Victoria Street cycleway opens
Aucklanders are able to move around more of the city centre on two wheels, as the cycleway along Victoria Street from Federal Street through to Queen Street is now open.
The new two-way cycleway along Victoria Street West, connects Victoria Park and th… Continue reading