The Reserve Bank (RBNZ) has held its benchmark official cash rate (OCR) unchanged at 2.25 percent, as it forecast inflation to break above 4 percent but said it did not want to hurt the economic recovery.
Wellington City’s residential rates have more than doubled since 2012, making them among the highest and least affordable in the country, a new council-commissioned report says.
New Zealand has reached a "tipping point", with more people switching to electric cars and solar as Meridian Energy's weekly app registrations increase by 214 percent, it says.
The finance minister says she has "never felt so dependent on the actions and feelings of one administration and its leaders", as concerns grow about the fuel shock triggered by the US-Israel war...