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Viewing entries tagged with 'Economy'

Kiwis may not be such poor savers after all

14 January 2010

Research by Treasury economists casts doubt on the conventional view that we are hopelessly improvident and feckless.  The conventional view is founded on estimates of household saving rates which show households year after year spending more than they earn - $1.14 for every $1 of income in the year to March 2009.  But saving rates are slippery things to grab hold of and measure.

NZ sitting on superannuation timebomb: Treasury

30 October 2009

The Treasury has issued a "choose your poison" challenge to the Government, warning that if serious consideration is not given to pegging the costs of superannuation other public services will suffer.

Inflation back under the spotlight

16 October 2009

Surprisingly strong inflation in the September quarter has cast further doubt on the Reserve Bank's stated expectation that it will not start raising interest rates until the latter part of next year.

Recession is ‘probably’ over: Bernanke

16 September 2009

Federal Reserve Chairman Ben Bernanke said on that the worst US recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.

Crisis makes Kiwis more financially savvy

22 June 2009

First the good news: Since the Retirement Commission last assessed our financial intelligence back in 2006, we have got smarter.

Budget announcements - superannuation

29 May 2009

Automatic Government contributions to the New Zealand Superannuation Fund will be suspended for 11 years. And KiwiSaver mortgage diversion facilities will be closed to new applicants from 1 June. 

A Budget for a sustainable, prosperous New Zealand

13 February 2008

 Finance Minister Michael Cullen will deliver his ninth Budget on 22 May 2008. 

Bank tips two more interest rate rises

16 January 2008

The prospect that inflation will continue to rise has prompted Westpac economists to predict the central bank will lift the official cash rate twice this year to an eye-watering 8.75 per cent.