Tracy Withers

Wellington

Reporter at Bloomberg News

Bloomberg News reporter in New Zealand. All opinions are my own. @business

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Articles

New Zealand House Prices Fall Further Even as Loans Get Cheaper

2 days ago | bloomberg.com | Tracy Withers

(Bloomberg) -- New Zealand house prices fell for a second straight month, suggesting the property market lacks momentum even as interest rates fall. Prices fell 0.1% in May from April, when they declined a revised 0.1%, property consultancy Cotality said Thursday in Wellington. The April result was previously reported as a 0.3% increase.
New Zealand All Blacks Rugby Team Sign Gallagher Insurance as Sponsor

2 days ago | bloomberg.com | Tracy Withers

The All Blacks rugby team logo. Photographer: Marty Melville/AFP/Getty Images(Bloomberg) -- New Zealand Rugby agreed a sponsorship deal with Gallagher Insurance that will give the US-based insurance brokerage naming rights on the playing kit of the All Blacks rugby team.
紐西蘭央行連續第六次降息以提振經濟復甦

1 week ago | hk.news.yahoo.com | Tracy Withers

Tracy Withers 2025年5月27日下午11:05 【彭博】-- 紐西蘭央行連續第六次降息，並暗示還有進一步降息的空間，以提振因美國關稅而蒙上陰影的經濟復甦前景。紐西蘭央行周三決定將官方現金利率下調25個基點至3.25%，這與彭博調查24位經濟學家中的23位的預測一致。紐西蘭央行的最新預測顯示，年內至少還有一次25個基點的降息。「關稅以及海外政策不確定性上升料放緩紐西蘭經濟復甦步伐，並降低中期通膨壓力，」紐西蘭央行在周三發布的貨幣政策聲明中表示。「通膨率處於目標區間內，委員會已做好準備，應對國內外形勢發展，維持中期物價穩定。」紐西蘭央行表示，委員會也考慮了維持利率不變的利弊，但最終以5比1的投票結果支持降息。紐西蘭經濟復甦乏力，為決策者提供了維持寬鬆政策傾向的空間。紐西蘭元在貨幣政策聲明發布後上漲，交易員們評估央行未能一致決定降息。威靈頓時間下午2:24，紐西蘭元兌美元報0.5964。原文標題New Zealand Delivers Sixth Rate Cut to Fan Economic Recovery (1) More stories like...
New Zealand Says Cash Rate Near Neutral Zone After Sixth Cut

1 week ago | bloomberg.com | Tracy Withers

The Sky Tower and other buildings from Wynyard Wharf in Auckland, New Zealand, on Saturday, Feb. 22, 2025. New Zealand’s central bank will slow the pace of interest-rate cuts after a third straight reduction of 50 basis points, saying lower borrowing costs should begin to stoke an economic recovery.
New Zealand Targets Investment With Budget Tax Incentive

2 weeks ago | bloomberg.com | Tracy Withers

(Bloomberg) -- New Zealand’s government is introducing a new tax incentive to increase business investment as it seeks to lift productivity and stoke economic growth. Firms will be able to deduct 20% of the value of new assets such as machinery and buildings in the year they are purchased, Finance Minister Nicola Willis announced in her annual budget Thursday in Wellington. At the same time, companies will face increased costs from changes to the KiwiSaver worker pension savings plan.
New Zealand Set to Deliver Tight Budget as Economic Outlook Dims

2 weeks ago | news.bloombergtax.com | Tracy Withers

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New Zealand Set to Deliver Tight Budget as Economic Outlook Dims

2 weeks ago | bloomberg.com | Tracy Withers

Nicola Willis(Bloomberg) -- New Zealand Finance Minister Nicola Willis will keep a tight rein on spending in this week’s budget as uncertainty about global growth holds back a domestic recovery and restrains government revenue. Willis, who delivers the budget at 2 p.m. Thursday in Wellington, is trying to reduce debt and return the government’s books to surplus while accommodating the funding needed in essential areas such as health and education.
New Zealand Set to Deliver Tight Budget as Economic Outlook Dims

2 weeks ago | news.bloomberglaw.com | Tracy Withers

New Zealand Finance Minister Nicola Willis will keep a tight rein on spending in this week’s budget as uncertainty about global growth holds back a domestic recovery and restrains government revenue. Willis, who delivers the budget at 2 p.m. Thursday in Wellington, is trying to reduce debt and return the government’s books to surplus while accommodating the funding needed in essential areas such as health and education.
New Zealand Saw Record Number of People Depart in March Year

3 weeks ago | bloomberg.com | Tracy Withers

(Bloomberg) -- A record number of people left New Zealand in the year through March, reducing the net gain through immigration to the lowest in more than two years. Some 123,256 people departed the country in the period, including 70,000 New Zealand citizens, Statistics New Zealand said Wednesday in Wellington. There were 149,607 migrant arrivals, resulting in a net increase of 26,351 people, the lowest annual reading since December 2022.
New Zealand Steps Up Plans to Ban Under-16s From Social Media

3 weeks ago | financialpost.com | Tracy Withers

Advertisement 1New Zealand Prime Minister Christopher Luxon said a proposal to ban children under the age of 16 from social media will be part of the government’s work program, increasing its chances of becoming law. Article content(Bloomberg) — New Zealand Prime Minister Christopher Luxon said a proposal to ban children under the age of 16 from social media will be part of the government’s work program, increasing its chances of becoming law.