30 Jul 2025
1 year ago
1944 views
Kiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
28 Jul 2025
1 year ago
3514 views
Commerce and Consumer Affairs Minister Scott Simpson announced the axing of surcharges to benefit New Zealanders financially. The move aims to eliminate the hassle and unexpected costs shoppers face at the checkout. By banning surcharges for in-store payments by May 2026, consumers can shop confidently without being penalized for their payment method choice.
23 Jul 2025
1 year ago
2206 views
The Government released the latest Homelessness Insights Report, addressing the issue of homelessness in New Zealand and the increasing numbers of people without shelter. Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka emphasized the need for targeted interventions and support services to combat homelessness, highlighting the complexity of the issue and the importance of engaging with frontline organizations. The Government is committed to long-term solutions, including reforms in the housing market, infrastructure funding, and social housing systems to address the root causes of homelessness and provide stable housing for all New Zealanders.
21 Jul 2025
1 year ago
2005 views
New 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.
09 Jul 2025
1 year ago
2313 views
The 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.
07 Jul 2025
1 year ago
2340 views
Associate Justice Minister Nicole McKee is making changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act that will make it easier for parents to open bank accounts for their children. “Opening a bank account for children should be a simple and positive step toward teaching them the value of saving. Unfortunately, regulations designed to prevent serious crimes can make the process unnecessarily difficult,” says Mrs McKee.
04 Jul 2025
1 year ago
2216 views
Infrastructure, Transport and Housing Minister Chris Bishop will travel to New York and Texas tomorrow for a range of meetings across housing, planning, urban development and transport, including a keynote speech at the Urban Design Forum’s Global Exchange Programme. “In New York I will be holding a series of meetings with city officials and other stakeholders about their introduction of congestion pricing. The early results for New York are very promising, and with legislation allowing time of use charging schemes in New Zealand soon to report back from select committee, I look forward to bringing home lessons learned to ensure our scheme is a success from the start,” Mr Bishop says.
01 Jul 2025
1 year ago
2367 views
Former 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.
19 Jun 2025
1 year ago
2831 views
Today’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.
18 Jun 2025
1 year ago
2441 views
Statistics 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.
18 Jun 2025
1 year ago
2288 views
New Zealanders have an opportunity to help shape the new planning system replacing the Resource Management Act (RMA) through public consultation on removing unnecessary barriers to housing growth, says Housing and RMA Reform Minister Chris Bishop. “New Zealand’s house prices are among the most expensive in the developed world – a direct result of our current planning system making it too hard for our cities to grow up and out. “Fixing our housing crisis involves fixing the fundamentals of our housing market - freeing up land for development and removing unnecessary planning barriers, improving infrastructure funding and financing to support urban growth, and providing incentives for communities and councils to support growth.