Willis Says New Zealand Budget Is Friend, Not Foe, to RBNZ

New Zealand Finance Minister Nicola Willis insisted her first budget won’t keep interest rates high for longer even as economists warned it may complicate the central bank’s efforts to tame inflation.

BNN BloombergMay 30 18:22 ET

New Zealand Budget Forecasts Return to Budget Surplus in 2027

SYDNEY--The New Zealand government forecast a return to a budget surplus by 2027-2028, but warned of an increasingly difficult economic backdrop in the interim with the economy suffering through an extended recession.

WSJMay 29 23:49 ET

New Zealand Government Cuts Taxes Even as Budget Deficit Widens

New Zealand's new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury forecast bigger deficits and a delayed return to surplus.

BNN BloombergMay 29 22:25 ET

New Zealand 2024 Budget: Treasury Sees Inflation Falling to Below 3% in Q3 2024, to 2% Around 2026

NZ sees 2023/24 operating balance before gains, losses NZ$-11.07 bln (HYEFU NZ$-9.32 bln).

FXStreetMay 29 22:07 ET

New Zealand Building Permits Issuance Declines -1.9% in April

New Zealand issued -1.9% fewer Building Permits in April than the previous month's -0.2% decline.

FXStreetMay 29 18:59 ET

RBNZ to Introduce Mortgage Lending Restrictions as Debt, Home Prices Climb

The Reserve Bank of New Zealand has confirmed it will apply new restrictions on mortgage lending in a bid to reduce potential financial instability risks stemming from high household debt and rising home prices.

WSJMay 27 21:07 ET