LATEST MONEY NEWS

Reserve Bank keeps OCR at 5.5%

Economists were predicting the OCR would stay the same before Wednesday's announcement.

Homeowners using savings to respond to major insurance premium hikes

"I looked at it and I tried to figure out how the numbers could be so big."

'We eagerly await nothing': Economists reveal today's OCR predictions

The major banks all agree relief is unlikely today.

'Rip off': Anger as gift cards sold in supermarkets can't be used

"I'm not sure if the rats are back in Woolworths, or Hoyts has an infestation, but this is not on!"

'Really question the fairness': Investigation launched into rural bank lending practices

A select committee will investigate farmers' claims of disparity between rural and urban bank lending practices.

Auckland Lotto player wins $1m, 18 claim $23k - where the winning tickets were sold

Powerball has rolled over to Wednesday night, where the jackpot will be $26 million.

How US economic resilience could prolong NZ's inflation battle

"That means inflation in New Zealand will remain a bit higher for a bit longer."

Numbers revealed for enormous $23 million Powerball draw

Check them here.

Nostalgia pays: Why your retro video games and trading cards could be worth a fortune

The market for retro video games and collectibles is booming, with the rarest items selling for millions.

'It's definitely improved': Average Auckland property price soars to $1.2 million

"It's main centre strength, versus a slightly patchier recovery in the provincial markets."

Commerce Commission concerned about Foodstuffs' merger plan

The commission said the merger would see Foodstuffs become a single national grocery entity - further reducing competition in the market.

'Soft landing': Why global recession fears are being put to rest

"Pretty much everywhere you look over the last three months was positive."

Lotto player from this location just got $1m richer - but wait for big prize continues

Powerball is set to skyrocket this weekend.

Property listings hit near-decade high

At the same time prices had gone up by 2.9 percent over the past 12 months.

Major NZX company announces 'strategic review' as trading halt on shares lifted

The number of dairy farmers stopping supply to Synlait has increased as the company faces financial challenges.

Swathe of recalls on food and household items from pies and spring rolls to cots and bikes

Here's what you need to know.

Auckland Unitary Plan improving housing affordability, research shows

Between 2017 and 2024, Auckland rents increased by 22 percent, compared with 34 percent nationally.

Massive $1.6 billion Lotto Powerball up for grabs

A win at the Saturday drawing would break a string of 37 consecutive drawings without a jackpot winner.

Wānaka supermarkets deliberately breach Easter trading rules

Both stores had previously been fined for trading on Good Friday, in 2021 and 2022.

Six Lotto players share $1m - where the winning tickets were sold

Powerball was not struck and has rolled over to Wednesday night, where the jackpot will be $20 million.

Numbers revealed for massive $17 million Powerball draw

Are you a lucky winner?

Restaurants owners brace themselves for bleak winter

Restaurants are already struggling and it's feared more will have to shut up shop.

Crypto exchange founder slapped with decades-long jail term

He was found guilty last year of defrauding customers.

Auckland Airport pushes back on Mayor Brown's claim it gets free rates ride

Salaries continue to rise despite high-profile lay-offs, dicey economic setting

While healthcare saw big jumps, advertising, arts and media is struggling.

Reserve Bank signals lower interest rates could be coming soon

"Most central banks feel we're back on top of inflation."

Four Kiwis share $1 million Lotto – where the winning tickets were sold

They're all taking home $250,000.

'Slow grind:' Bank says economy 'treading water' but predicts OCR to drop later this year

New reports show the economy "treading water" while the number of advertised jobs sinks.

Significant number of jobs on the line as NZ Post confirms restructure

NZ Post has confirmed its plans to stream mail into the parcel network.

Two Lotto players share $1m, 13 win $23k - where the winning tickets were sold

A Strike player also won $200,000.

Consumer watchdog wants banks to get serious about 'open banking': What is it?

Why does the Commerce Commission want to accelerate its progress?

Economist expects Reserve Bank to slash rates by full percentage point

The forecast is ahead of market pricing of a 75 basis point cut, from the current rate of 5.5 percent.

New Zealand economy shrinks, country in technical recession

Gross Domestic Product fell by 0.1 percent.

'Two-tier oligopoly': Commerce Commission finds major banks not facing enough competition, sector needs 'disruption'

It is New Zealand's first competition study into personal banking services.

Top economist says NZ's gone from 'rock star' to 'very sluggish', needs to be 'really careful' with tax cuts

It comes as the Government is being urged to run a tight ship and reconsider their tax policy ahead of the 2024 budget.

One Lotto player wins $1m, 10 win $24k - where the winning tickets were sold

Powerball was not struck and has rolled over.

Govt's tax cuts need to be 'fiscally neutral', International Monetary Fund warns

The International Monetary Fund has done a health check on New Zealand - and it comes with a warning about Government spending.

'Sobering': The Warehouse to sell or close TheMarket.com after posting $23.7m net loss

The Warehouse Group sold Torpedo7 for $1 earlier this year.

Record migration masks household pain with economy on brink of another 'technical recession'

GDP figures are expected to show no or little economic growth, with one bank saying "it's not going to be flash".

Rental giant boss quits after 'horror show' handling of EV fleet

"It's a black eye they couldn't recover from."