September 19th, 2024

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The proposed digital currency would be designed for everyday transactions, both online and in-store, with features allowing instant payments and Bluetooth-enabled transactions without the need for an internet connection.
Reserve Bank of New Zealand
5 months ago

New Zealand explores introducing a digital currency backed by the government

The Reserve Bank of New Zealand - Te Pūtea Matua announced its ongoing exploration of a central bank digital currency, dubbed "digital cash,"...

King Charles III (L) and a Commonwealth Effigy of HM King Charles III in generic coin mock-up.
Reserve Bank of New Zealand
6 months ago

New Zealand to feature King Charles III on coins from 2024

New Zealand's circulating and commemorative coins will soon feature the image of King Charles III, following the King's approval of the new effigy designed...

Debt servicing costs for households have risen significantly from historically low levels during the pandemic, and by the end of the year, the share of disposable income required to service the interest component of mortgage debt is expected to more than double from its recent low of 9% to around 22%.
Reserve Bank of New Zealand
1 year ago

Rising interest rates challenge NZ households and businesses

In the midst of an economic landscape marked by soaring inflation and a tightening labour market, New Zealand's households and businesses are navigating the...

The Reserve Bank's assessment shows that national house prices have fallen towards a level more consistent with medium-term fundamentals, reducing the probability of a further large correction in house prices.
Reserve Bank of New Zealand
1 year ago

Reserve Bank of New Zealand plans to relax mortgage LVR restrictions

The Reserve Bank of New Zealand - Te Pūtea Matua announced plans on Wednesday to ease mortgage loan-to-value ratio (LVR) restrictions, which promote...

The decline in household net worth can be attributed to a $12.3 billion or 1.0% drop in owner-occupied property values during the December quarter.
Reserve Bank of New Zealand
1 year ago

Unravelling the housing market dilemma: insights from the Reserve Bank of New Zealand's discussion paper

A Discussion Paper published by the Reserve Bank of New Zealand on Thursday examined the two types of unsustainability that influence housing market. The...

Economic activity over the December quarter was lower than expected, but demand still outpaces supply capacity, putting pressure on inflation
Reserve Bank of New Zealand
1 year ago

RBNZ increases Official Cash Rate to 5.25% to curb inflation

The Reserve Bank of New Zealand (RBNZ) has increased the Official Cash Rate (OCR) today by 50 basis points from 4.75% to...

Featured News

The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

News
Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

News
Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

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Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business
The latest census data shows that New Zealand's usually resident population increased by 294,168 people, reaching almost 5 million (4,993,923).

New Zealand sees slower population growth but increased diversity, 2023 Census reveals

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