Reserve Bank Governor

Fuel Taxes Lead to Blackmarket

The General Manager of the independent fuel retailer Gull New Zealand Dave Bodger has decried the Auckland City Council’s proposal to use a regional fuel tax to fund public transport projects and infrastructure improvements.

New Zealanders Want an Earthquake Tax

The Green Party of New Zealand has revealed the results of a recently commissioned survey which shows that a large number of New Zealanders are in favor of a temporary tax to help fund the cost of rebuilding Christchurch.

Coming Tax Changes Will “Rebalance” Economy

The upcoming changes to the national tax system are expected to greatly improve the economy, and aid the country’s recovery from the recent Christchurch disaster and financial downturn.

Income Splitting is Flawed and Costly

Peter Dunne’s income splitting proposal has hit a new roadblock after it failed to win the approval of the New Zealand Finance and Expenditure Committee.

New Spending to be Cut from Budget

New Zealand is set for a period of austerity and budget cuts, as the government faces the economic realities and repercussions of February’s earthquake in Christchurch.

Sep 12, 20080

Official Interest Rate Cut

Categories: New Zealand Finance

The Official Cash Rate (OCR) was cut from 8 percent to 7.5 percent on the 11th of September by Reserve Bank Governor Alan Bollard. Although a cut in the OCR was predicted, most experts expected it to be a quarter of a percentage point. The substantially larger cut has been a surprise to the industry. Dr Bollard justified this move by citing what he called a “marked” slowdown in the local economy and a possible deterioration in the general global economy. This is ... Read More

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