02 Sep 2026
1 month ago
451 views
The Reserve Bank raised the Official Cash Rate to 2.75% and expects the economic recovery to strengthen and broaden, supported by a resilient export sector and increased household spending. Inflation is anticipated to return to the mid-point of the target range, boosting purchasing power. Finance Minister Nicola Willis welcomed the assessment, highlighting the economy's resilience amid global challenges and the export-driven nature of the recovery.
02 Sep 2026
1 month ago
495 views
Finance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.
19 Feb 2026
8 months ago
1221 views
The New Zealand Government has allocated $80 million from the Regional Infrastructure Fund to develop and process domestic critical minerals, aiming to boost jobs, investment, and regional economic recovery. Critical minerals are vital for modern technologies and global supply chains, and New Zealand seeks to position itself as a reliable source while fostering advanced processing and international partnerships. The funding supports projects aligned with the Minerals Strategy, with applications accepted and successful initiatives to be announced after evaluation.
16 Dec 2025
10 months ago
1523 views
Finance Minister Nicola Willis emphasizes the need for continued fiscal discipline to restore New Zealand’s budget surplus and reduce debt, despite Treasury’s forecast of a strong economic recovery with 3% growth and low inflation. The government aims for a surplus by 2028/29 through a medium-term fiscal consolidation strategy, maintaining tight control over discretionary spending and limiting operating allowances to $2.4 billion next year. Priorities include health, education, defence, and law and order, with new funding to come from savings and reprioritisation, ensuring the country remains fiscally responsible compared to other advanced economies.
13 Oct 2025
1 year ago
1269 views
The Government celebrates a 7.5% increase in international visitor arrivals in August, signaling a positive trend for the tourism industry's recovery post-COVID. Minister Louise Upston emphasizes the economic importance of tourism as New Zealand's second highest export earner. The Tourism Industry Association survey indicates an 86% confidence level among tourism organizations for the upcoming year, reflecting the industry's optimism and the Government's investments to promote New Zealand as a top destination.