Articles tagged with Reserve Bank
Finance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
1 week ago | 178 viewsNew data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
Tags: inflation Finance Minister Nicola Willis Stats NZ Consumers Price Index Reserve Bank New Zealanders council rates local authority rates economic growth New ZealandNew Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low
3 weeks ago | 279 viewsThe Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.
Tags: Government fiscal management Reserve Bank Official Cash Rate Finance Minister Nicola Willis New Zealand OCR interest rates economic managementFormer Acting Governor Grant Spencer and Byron Pepper Appointed to Reserve Bank of New Zealand Board, One Vacancy Remains
4 weeks ago | 411 viewsFormer Acting Governor Grant Spencer has been appointed to the Reserve Bank of New Zealand Board, Finance Minister Nicola Willis has announced. Board member Byron Pepper has been reappointed. Both are on five-year terms, beginning today.
Tags: Grant Spencer Nicola Willis Byron Pepper Reserve Bank of New Zealand Financial StabilityEconomic surprise great news for Kiwis
1 month ago | 503 viewsToday’s surprise economic result is great news for workers, families and businesses, Finance Minister Nicola Willis said today. “Stats NZ reported today that the economy grew 0. 8 per cent in the first three months of the year, twice the rate forecast by the Treasury and the Reserve Bank a short time ago.
Tags: New zealand Nicola willis Reserve bank Stats nz TreasurySharpened focus on quality economic, population stats
1 month ago | 308 viewsStatistics Minister Dr Shane Reti has today announced a major new direction for Stats NZ, replacing the traditional paper-based census and increasing the frequency and quality of economic data to underpin the Government’s growth agenda. From 2030, New Zealand will move away from a traditional nationwide census and adopt a new approach using administrative data, supported by a smaller annual survey and targeted data collection. “This approach will save time and money while delivering more timely insights into New Zealand’s population,” says Dr Reti.
Tags: Consumers Government New zealand Reserve bank Shane reti Stats nz Zealand