Jan 27, 2012
The Official Cash Rate of New Zealand will remain unchanged, as national and international economic conditions do not yet justify an increase. On January 26th the Governor of the Reserve Bank Alan Bollard announced that the Official Cash Rate (OCR) of New Zealand will be maintained at 2.5 percent. Allan Bollard explained that since December, [...]
The Official Cash Rate of New Zealand will remain unchanged, as national and international economic conditions do not yet justify an increase.
On January 26th the Governor of the Reserve Bank Alan Bollard announced that the Official Cash Rate (OCR) of New Zealand will be maintained at 2.5 percent.
Allan Bollard explained that since December, financial stability around the world has seen a slight improvement, but was still too fragile to justify raising the OCR. He added that given the moderate pace of ... Read More
Jan 25, 2012
A Tauranga man has been sentenced to a year in jail for neglecting his business’ tax obligations, and using employee tax payments to fund his own expenses and recreation. Last week the Tauranga District Court sentenced an Adrian Ace, an agricultural contractor, to twelve months in prison for evading his PAYE and GST tax obligations. [...]
A Tauranga man has been sentenced to a year in jail for neglecting his business’ tax obligations, and using employee tax payments to fund his own expenses and recreation.
Last week the Tauranga District Court sentenced an Adrian Ace, an agricultural contractor, to twelve months in prison for evading his PAYE and GST tax obligations. Adrian plead guilty to 28 charges of failing to properly account for PAYE for the employees at his company Pride Contracting Limited. He had also pleaded guilty ... Read More
Jan 23, 2012
Housing in New Zealand is severely unaffordable, with property prices being up to 6.4 times higher than the average salary. On January 23rd Demographia, an international think-tank, released the latest edition of the annual “Demographia International Housing Affordability Ratings” report, containing an analysis of housing affordability around the world. The study compared the median house [...]
Housing in New Zealand is severely unaffordable, with property prices being up to 6.4 times higher than the average salary.
On January 23rd Demographia, an international think-tank, released the latest edition of the annual “Demographia International Housing Affordability Ratings” report, containing an analysis of housing affordability around the world.
The study compared the median house prices in a given market area with the median household income levels in the same region. According to the published results, housing prices in New Zealand are severely unaffordable, ... Read More
Jan 20, 2012
The latest static indicator for New Zealand inflation has been published, showing that prices throughout New Zealand only went up by 1.8 percent last year. On January 19th Statistics New Zealand released the latest national Consumer Price Index (CPI) for the December quarter of 2011. The new information showed that during the last three month [...]
The latest static indicator for New Zealand inflation has been published, showing that prices throughout New Zealand only went up by 1.8 percent last year.
On January 19th Statistics New Zealand released the latest national Consumer Price Index (CPI) for the December quarter of 2011.
The new information showed that during the last three month of the year the CPI fell by 0.3 percent. The drop was largely contributed to a 25 percent decrease in the price of vegetables over the 4th quarter of ... Read More
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