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WEBIwi-owned milk processor Miraka has announced a forecast payout of $9.17 a kg of milk solids for the 2024/25 season and confirmed an $8 payout for the 2024 season just gone. Miraka chief executive Karl Gradon said Miraka farmers had experienced a difficult period of low commodity prices and higher costs.
Government releases ‘sobering’ numbers for past financial year
WEB1 day ago · Finance Minister Nicola Willis. A surge in government spending in the past financial year helped push up both net debt and the operating deficit before gains and losses. In the financial statements for the 2023/24 year, the operating balance before gains and losses (obegal) recorded a deficit of $12.9 billion, which was than both.
Inflation plays nice, while migration gains settle
WEB22 hours ago · Jonathan Mitchell Fri, 11 Oct 2024. New Zealand’s inflation beast appears to be settling into the key target band – as widely expected – as official data reveals more modest price increases. Statistics New Zealand data out today showed food prices gained 1.2% in the year ended September, following a 0.4% increase in the year.
Economics - National Business Review
WEBOct 2, 2024 · NZ’s ‘rolling maul’ recession bites hard; sedate migration gain. Stats NZ data today shows a provisional net migration gain of 67,200 in the year to July, while economists pencil in negative June quarter. Jonathan Mitchell Wed, 11 Sep 2024. Economics.
Politics - National Business Review
WEB3 days ago · Strong opposition to plan to remove ban on offshore oil and gas. Parliamentary Commissioner for the Environment’s office warns repealing the ban will be noted internationally. Brent Edwards Tue, 08 Oct 2024. Politics. 4.
RBNZ delivers 50-basis point cut: ‘economic growth is weak’
WEB2 days ago · In the face of a stagnant economy the Reserve Bank has cut the official cash rate from 5.25% to 4.75%. Most economists had been urging the bank to cut by 50 basis points, saying a bigger cut was needed given the state of the economy. Many also say the bank should cut by another 50 basis points next.
Interest rate cuts: How 50 basis points could become the new 25
WEB5 days ago · Harbour Asset Management research analyst Shane Solly on the week ahead in the markets. Economists are pricing in an interest rate cut, but a question remains on whether the RBNZ will go for 25 basis points or 50. Eyes are set on the Reserve Bank of New Zealand this week, with the second-last monetary policy decision scheduled for …
Tech & Innovation - National Business Review
WEBOct 3, 2024 · High quality, low quantity: the startup battle for talent. Venture capitalists and startup founders talk industry dynamics at the NZ Aerospace Summit in Christchurch. Will Mace Tue, 24 Sep 2024. Tech & Innovation. 2.
The NBR Podcast - National Business Review
WEB4 days ago · Podcast #16: Kiwi music legend Brent Eccles turns 70. LISTEN: This episode of NBR’s podcast talks to veteran Kiwi drummer and music promoter Brent Eccles on why tickets are so expensive, who could be the next breakthrough artist, and drumming for Aussie rock band The Angels. Simon Shepherd Tue, 01 Oct 2024.
Inflation falls to 4.7%; domestic prices remain sticky
WEBJan 24, 2024 · What’s at stake: Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures. Background: Stats NZ data out today showed annual inflation fell to 4.7% in the year to December. The central bank kept the OCR at 5.5%, as widely expected, in November.But it said it had a ‘willingness’ to hike again, if needed this year.