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The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The ...
The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.
The Minister of Finance delivers the Budget statement, a speech in the House of Representatives with no time limit. In the Budget statement, the Minister may review the international economic outlook and the performance of the New Zealand economy, and outlines the Government's proposed economic and fiscal measures to deal with the assessed situation of the country.
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The New Zealand Government reimburses 95 Lake Alice Hospital survivors, who had part of their compensation payments deducted by legal fees in 2001. [359] 31 October — New Zealand signs a free trade agreement with the six-member Gulf Cooperation Council (GCC). As part of the agreement, 99% of New Zealand exports to the GCC would become duty ...
$5.55m over four years less spent on New Zealand Film Commission, New Zealand Symphony Orchestra, and Ngā Taonga Sound & Vision. [6] $5.72m over four years from scrapping the Consumer Advocacy Council, and $38.27m over four years from scaling down other energy programmes like the Community Renewable Energy Fund. [6]
Regal and vice-regal Government Other party leaders in parliament Judiciary Main centre leaders Regal and vice-regal Head of State – Charles III Governor-General – Dame Cindy Kiro Charles III Cindy Kiro Government Legislature term: 53rd New Zealand Parliament until 8 September, then 54th New Zealand Parliament from 5 December. The Sixth Labour Government, elected in 2017 and 2020, then the ...
The site was founded by Tim Murphy, the former editor in chief of the New Zealand Herald, and Mark Jennings, former head of news and current affairs at Newshub. Its first scoop accused an egg supplier of passing off caged eggs as free-range. [6] Newsroom broke two significant stories that influenced the 2017 New Zealand general election.