Dene Mackenzie

OCR rise ruled out

OCR rise ruled out

The Reserve Bank is ruling out any increase in its official cash rate, which will be a relief to exporters and those who are battling a high dollar driven by this country's high interest rates compared with Australia's.

Migration stable but at high rate

Monthly migration into New Zealand appears to have stabilised but at a very high level as Kiwis continue to return home from Australia.

Consumer confidence 'nudging up'

There was a clear division in consumer confidence emerging on either side of the Tasman, ANZ chief economist Cameron Bagrie said yesterday.

Housing affordability gap stretches

Housing affordability gap stretches

The gap between housing affordability in Auckland and the rest of the country is now the widest it has been in the 25-year history of the Massey Home Affordability Report.

Petrol prices fall as fast as they rise

Petrol prices fall as fast as they rise

One of the most-heard complaints about petrol prices is the claim companies are quick to pass on oil price rises but are slow to pass on the falling prices. NZX-listed Z Energy commissioned NZIER to update its 2013 report on the issue. Business editor Dene Mackenzie reports.

Air NZ raises trajectory of passenger numbers

Air NZ raises trajectory of passenger numbers

Air New Zealand carried 1.51 million passengers in March, 8.5% more than in the corresponding period last year.

Brierley ends Coats tenure

Brierley ends Coats tenure

Sir Ron Brierley (77), one of New Zealand's best-known corporate raiders of the 1980s and '90s, has resigned from the board of Coats Group, ending a 25-year tenure.

Importance in comment from RBNZ

Importance in comment from RBNZ

A speech by Reserve Bank assistant governor John McDermott on Thursday takes on extra significance following inflation in March being weaker than the markets expected.

Anzac Day payments simple for most

Dunedin North MP David Clark is thrilled the Anzac Day public holiday will be transferred to next Monday, allowing people to spend quality time with friends and family.

Expansion continues in service sector

New Zealand's service sector continued to march onwards and upwards last month, showing healthy levels of expansion, the BNZ-BusinessNZ Performance in Manufacturing Index shows.