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Ana Nicolaci da Costa

New Zealand government unveils plans to boost spending, sees slightly lower budget surplus

14 Dec 2017

WELLINGTON New Zealand's new Labour-led government said it expects a reduced budget surplus next year as increased spending on families and housing is only partly offset by scrapping tax cuts proposed by the previous administration.

Markets relieved that 'well known' Orr will head NZ central bank

12 Dec 2017

WELLINGTON New Zealand's appointment of national pension fund chief Adrian Orr as the next central bank governor was welcomed by investors who had feared that a dual mandate under the new Labour-led government could have led to more unorthodox monetary policy.

Fonterra to pay Danone lower than expected $125 million over contamination scare

01 Dec 2017

WELLINGTON New Zealand dairy firm Fonterra has been ordered to pay French company Danone SA 105 million euros (£92.4 million) over a contamination scare, a smaller than expected sum, though it prompted Fonterra to cut its earnings forecast.

New Zealand finance minister says new RBNZ governor must take on dual mandate

16 Nov 2017

WELLINGTON New Zealand's finance minister said on Friday the country's next central bank governor must be willing to adopt his government's plan to include employment in the bank's mandate, and he was willing to reject any candidate who was not the "right person".

NZ central bank looks ahead to faster inflation, earlier hike

09 Nov 2017

WELLINGTON Fiscal stimulus from a new Labour-led government and a weaker currency would lead to faster inflation and probably an earlier rise in interest rates, New Zealand's central bank said on Thursday - sending the local dollar sharply higher.

New Zealand PM says no immediate cut to immigration

07 Nov 2017

WELLINGTON New Zealand Prime Minister Jacinda Ardern, elected on a protectionist platform which included cutting immigration to ease a housing crisis, said on Tuesday her Labour government would not immediately slash migrant numbers.

New Zealand PM Ardern says not concerned by fall in NZ dollar

07 Nov 2017

WELLINGTON New Zealand Prime Minister Jacinda Ardern said on Tuesday she was "not at all" concerned by a recent fall in the New Zealand dollar.

New Zealand government may fast-track RBNZ reforms ahead of law changes

03 Nov 2017

WELLINGTON New Zealand's Labour-led government could make changes to the central bank as early as March by appointing a reforming governor and making a prompt shift to policy settings, a former bank official and economists say.

New Zealand protectionist Winston Peters appointed deputy PM, foreign minister

25 Oct 2017

WELLINGTON Veteran protectionist politician Winston Peters was appointed New Zealand's new deputy prime minister and foreign minister on Wednesday, saying he would seek a greater voice in international affairs, including North Korea.

Incoming New Zealand government to review central bank objectives

24 Oct 2017

WELLINGTON New Zealand's new government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target, Labour Prime Minister-elect Jacinda Ardern said on Tuesday.

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