New Zealand’s 2024 Inflation Outlook and Westpac Bank’s Interest Rate Forecast   New Zealand – Westpac Bank has unveiled its forecasts for New Zealand’s 2024 inflation rate and benchmark interest rates. It is increasingly likely that the inflation rate will remain within the Reserve Bank of New Zealand’s (RBNZ) target range of 1% to 3%,…

New Zealand Announces Ambitious Plan for 100% Renewable electricity generation by 2035   New Zealand has set its sights on a remarkable goal, aiming to increase its renewable energy capacity to 100% by the year 2035. This ambitious endeavor has captured the attention of the domestic steel industry and is swiftly gaining international acclaim for…

KiwiSaver underperforming compared to Aussie counterpart   According to a recent report by KiwiSaver, there are notable disparities in performance when comparing the New Zealand-based retirement savings system to the Australian Superannuation system. KiwiSaver, a unique New Zealand institution, has been shown to underperform in comparison to Australia’s Super system. A recent exclusive report by…

New Zealand’s ANZ Bank to Increase Home Loan Rates Ahead of RBNZ OCR Review   Wellington, October 25, 2023 – One of New Zealand’s largest banks, ANZ, has announced measures to raise home loan rates in anticipation of the upcoming review of the Official Cash Rate (OCR) by the Reserve Bank of New Zealand (RBNZ)….