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☆ New Zealand finance minister discusses rate outlook and inflation
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Zealand finance minister: Rates aren't going down until inflation 'stickiness' is reducedNicola Willis, finance minister of New Zealand, discusses the country's inflation forecast and what the government and central bank are doing to get inflation back into the target range.
Persons: Nicola Willis Locations: Zealand, New Zealand
☆ Inflation Slows in New Zealand to Its Lowest Rate Since 2021
  + stars: | 2024-01-23 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
WELLINGTON, New Zealand (AP) — Inflation in New Zealand has slowed to its lowest rate in two and a half years, the country's official statistics agency announced on Wednesday. The agency said falling food and transport prices were the main drivers of the slowdown in the inflation rate which had peaked at 7.3 per cent in 2022. Political Cartoons View All 253 ImagesNew Zealand Finance Minister Nicola Willis said a key goal of the government was to lower inflation. “Our immediate focus is getting inflation back into the target range under three per cent,” she said. The result means annual inflation rate is now at its lowest since June 2021, while quarterly inflation was tracked at 0.5 per cent, the smallest rise since December 2020.
Persons: Nicola Willis Organizations: Reserve Bank of New, Reserve Bank, New Zealand Finance Locations: WELLINGTON, New Zealand
☆ Cyclone Gabrielle death toll rises to five as recovery starts
  + stars: | 2023-02-15 | by ( Lucy Craymer | ) www.reuters.com   time to read: +2 min
WELLINGTON, Feb 16 (Reuters) - New Zealand stepped up recovery efforts on Thursday after Cyclone Gabrielle left at least five people dead and displaced 9,000 in the country's most damaging storm in decades. Gabrielle, which hit New Zealand on Sunday before making its way down the east coast of the North Island, cut off entire towns, washed away farms, bridges and livestock, and inundated homes, stranding people on rooftops. Parts of New Zealand's North Island, where about 75% of the country's 5 million residents live, are enduring their second major storm in as many weeks. Meteorological service MetService said Cyclone Gabrielle is now east of the country and continuing to track away from the North Island. The region was hardest hit during Cyclone Bola in 1988, which caused millions of dollars in damage and left seven people dead.
☆ New Zealand finance minister: Always concerned about tensions between China and the U.S.
  + stars: | 2022-10-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Zealand finance minister: Always concerned about tensions between China and the U.S.New Zealand Finance Minister Grant Robertson speaks to CNBC's Geoff Cutmore at the 2022 Annual Meetings of the International Monetary Fund shortly after his meeting with U.S. Fed Chair Jerome Powell.
☆ New Zealand finance minister sees inflation easing but no quick drop
  + stars: | 2022-09-26 | by ( Lucy Craymer | ) www.reuters.com   time to read: +1 min
New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. REUTERS/Charlotte Greenfield/File PhotoWELLINGTON, Sept 27 (Reuters) - New Zealand's finance minister Grant Robertson said on Tuesday that inflation is likely to moderate but it won't be a quick drop back to the levels that people are used to seeing. "This is a difficult period, but we are looking to see inflation start to trend down from this quarter onwards." He added while things have been tough, there's every reason to be optimistic about the New Zealand economy because it has done pretty well up to this point. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lucy Craymer; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
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