Chris Hipkins looks ahead to future tax cuts, but says now isn’t the time   Prime Minister Hipkins announced that he is considering future tax cuts but now is not the time, and added that tax cuts must wait until inflation comes down. The Prime Minister discussed last week’s budget announcement at a meeting with…

New Zealand sheep population decreases… for the first time below 5 per person   As the number of sheep in New Zealand continues to decrease, the ratio of population to sheep has fallen below 1 to 5 for the first time in 170 years. According to the 2022 Agricultural Productivity Survey data released by Statistics…

New Zealand, interest rate will increase by 50bp   TD Securities predicts that the Reserve Bank of New Zealand (RBNZ) will raise its benchmark interest rate by 50bp in May. According to Dow Jones on the 22nd, Prashant Newnaha, TD Securities’ chief strategist, said that the RBNZ will “show a more hawkish stance than expected”…

Migration flows set new record   Until March of this year, there were 65,400 ‘net migrants’ (net migration gain). This is a complete reversal from the annual minus 19,300 recorded until March of last year. The reason for the large increase in net migrants is due to the gradual easing of border controls due to…