Economy of New Zealand

New Zealand central bank leads way in raising interest rate

Auckland's harbour reflects the healthy outlook for the commodities-driven national economy. The central bank may raise interest rates to 5.25 per cent within a year. Photo: AFP

New Zealand's central bank raised interest rates yesterday and signalled further rises as far out as early 2017, taking the lead among developed economies in tightening monetary policy as it tries to quell inflation pressures in a strong economy.

Friday, 14 March, 2014, 6:08pm

Auckland's market mystery

Auckland has become a hot spot for mainland investors. Photo: Thinkstock

Reports of Chinese buyers snapping up large numbers of Auckland properties have been greatly exaggerated, according to a leading economist. Auckland is clearly the target for Chinese buyers. Recent sales data shows that 19 per cent of overseas buyers of property in the north island's largest city are from China, adding more fuel to an already hot market.

5 Jun 2013 - 5:04am

China food fears raise potential for NZ

Bill English, New Zealand's deputy prime minister. Photo: Edward Wong

China's long-running food-safety scares and milk powder contamination problems have increased demand for reliable overseas supplies, creating sound investment opportunities for New Zealand's agriculture-centric economy.

21 Mar 2013 - 5:02am

Property Digest, March 13, 2013

An index of UK house prices fell for a second month in February as interest from potential buyers failed to rebound fully from a slump in January, according to the Royal Institution of Chartered Surveyors.

7 May 2015 - 12:48pm

NZ home prices expected to keep rising this year

NZ home prices expected to keep rising this year

Sixty-six per cent of respondents in a survey last month expected values to increase over the next year compared with 64 per cent in October, ASB Bank said in an e-mailed report. The proportion expecting lower prices was unchanged at 8 per cent.

27 Feb 2013 - 5:04am

New Zealand homes less affordable than in Australia

The median home price in New Zealand's major cities rose to 6.7 times gross annual median household income. Photo: Bloomberg

New Zealand homes became less affordable than Australia in 2012 as constrained land supply and government levies, combined with low borrowing costs, pushed prices higher, according to a survey.

23 Jan 2013 - 4:47am


One-child policy is so destructive

The one-child policy was launched in 1979 as a form of population control on the mainland.

It has helped bring prosperity to China by boosting economic growth and improving people's quality of life. But it has also brought serious social problems.

14 Mar 2012 - 12:00am

Chance in a lifetime for astute businesses

You don't have to travel very far to get anywhere in New Zealand but even Tauranga seems some distance from all the World Cup action .

21 Aug 2011 - 12:00am

Low interest rates benefit investors

A recovering economy, low inflation and low interest rates are positive signs for the New Zealand property market and its offshore investors.

13 Oct 1999 - 12:00am

Competitive edge breeds optimism

CONFIDENCE in New Zealand's economic recovery is high after a decade of despondency.

The optimism is based on real and sustained growth due mainly to a sharpened competitive edge and diversification of exports.

Export growth is strong despite weak international economic conditions, and export prices are rising.

6 Feb 1993 - 12:00am