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.
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.
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.
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".
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.
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.
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.
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.
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.
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.