The Latest Breaking News from the Reserve Bank of New Zealand

New Zealand’s central bank has raised its benchmark interest rate to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency

Gastroenterologist Wesley Kasen arrived in Hawke’s Bay New Zealand in February with his wife Marnie, two kids and dog from Colorado. Their arrival filled a vacancy at the local hospital.

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.20%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.16%. U.S. stock index futures this morning recovered from overnight losses and are only slightly lower as bond yields fall on signs of a softening labor market...

New Zealand’s central bank surprised economists on Wednesday by imposing an aggressive half-point rate rise to bring its benchmark interest rate to 5.25%

With soaring mortgage rates expected to strain household budgets, there are calls – including from the Reserve Bank of New Zealand – for the Commerce Commission to investigate bank profits.