Articles tagged with Finance Minister Nicola Willis
New Zealand Government Boosts Crown Liquidity Facility for Local Government Financing
1 week ago | 130 viewsThe Government is increasing and extending the Crown Liquidity Facility (CLF) for the New Zealand Local Government Funding Agency Limited (LGFA) to support local government borrowing. The CLF helps LGFA secure competitively priced financing for local authorities during exceptional circumstances. The facility, established in 2011 and never used, is being raised to $3 billion and extended to June 2037 to assist in financing critical infrastructure and public services.
Tags: Government Crown Liquidity Facility New Zealand Local Government Funding Agency Limited Finance Minister Nicola Willis financing infrastructure public services Global Financial Crisis councilsFinance Minister Hails OCR Cut, Easing Pressure on Kiwi Households and Businesses
1 month ago | 151 viewsFinance Minister Nicola Willis highlights the positive impact of the 50 basis point Official Cash Rate reduction on Kiwi households and businesses, easing financial pressure. The reduction in OCR will lead to lower interest rates for mortgage-holders and businesses, stimulating growth and investment. The Government's focus on responsible economic management, along with lower interest rates, aims to support recovery and drive policies for job and income growth to benefit all New Zealanders.
Tags: Official Cash Rate Kiwi households Finance Minister Nicola Willis monetary policy interest rates growth jobs investment inflationFinance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
3 months ago | 733 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 Zealand