Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time   “No Anticipated Rate Reductions Before the First Half of 2025”   The Reserve Bank of New Zealand (RBNZ) has, as expected, maintained the benchmark interest rate at 5.5% for a consecutive…

Couple ordered to pay $30k for meth contamination and drug-related damage to Auckland apartment   Auckland, known for its apartment living, witnessed a recent legal development where a tenant couple, reportedly associated with criminal activities, has been granted a compensation order of $30,000 from the property owners. This verdict comes in response to pseudoephedrine contamination…

Over 55% of New Zealanders Struggling Financially: Retirement Commission Survey   Results from a recent survey conducted by the Retirement Commission, a government agency in New Zealand, have revealed that more than half of New Zealanders are facing financial difficulties   According to New Zealand media reports on the 15th, the Retirement Commission initiated its…

Food prices increased 9.6% in the year to July compared to the prior year   Data compiled until last July reveals a notable 9.6% annual surge in food prices. According to statistics released by the national agency last week, the ‘Food Prices Index’ for July demonstrated a 9.6% increase compared to July of the previous…