Whilst much is made by politicians of the Reserve Bank's independence, they both appoint the Reserve Bank's Governor and make, and change, the laws it operates under. The Reserve Bank would only consider introducing DTIs if the currently soft housing market took off again. "I haven’t had a chance to look at the latest information from the Reserve Bank on that. Prior to taking the reins at the Reserve Bank Orr was CEO of the New Zealand Superannuation Fund for 10 years. National will also need to be wary of perceptions around its relationship with the property sector, which can be significantly impacted by Reserve Bank monetary policy and financial stability decisions.

Written By: notices and features - Date published: 5:30 pm, October 17th, 2023 - 21 commentsCategories: Daily review - Tags:Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …Share this: FacebookLinkedInRedditPinterestMastodonTwitterPrintEmail

In This Story: IrelandIreland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. Geopolitically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2016, 4.8 million people live in the Republic of Ireland, and 1.8 million live in Northern Ireland. A strong Irish culture exists, as expressed through Gaelic games, Irish music and the Irish language.

Inflation has defied many expectations by falling in the third quarter. Figures show it rose 5.6% in the year to September, a drop from 6.0% in the year to June. The Reserve Bank had predicted it would be six%, and many economists picked between 6.1-and-6.2%. Herald Business Editor at Large, Liam Dann, told Kerre Woodham that it shows the Reserve Bank is making the right moves. He says monetary policy is obviously working and getting people to put their wallets away.

After a five-year break, NZFarmer, New Zealand’s largest free rural newspaper, is set to make a comeback under the leadership of experienced farming journalist and former dairy farmer Sonita Chandar. “Its reprisal and rejuvenation is testament to how important the rural sector is to Stuff,” he says. “NZFarmer offers a unique proposition for advertisers because it is New Zealand’s only rural national newspaper that has regionalised editions. With over two decades of media experience and a solid decade in the rural sector, Chandar has a deep understanding of her audience’s needs. “Our regular features will span everyday work life on the farm, through to lifestyle content for those rare moments away from the farm.

Photo: NZ HeraldPolice are making inquiries into a collision between a stolen car and a multiple-wagon train passing through a crossing in Christchurch early today. It’s understood a youth was driving through the level crossing when the car was struck, causing severe damage. A short time later, police said they heard the train and the car had collided. Debris scattered across the tracks and gravel included pieces of the car and what appeared to be child’s clothing. He told the Herald the car involved had driven under the barriers which, at the time, were down signalling a train was coming.

In India, wholesale prices unexpectedly dropped in September, extending the period of wholesale price deflation to a full six months now. Given the have CPI increases of about 5%, you might expect that to ease soon from the wholesale price weakness. The UST 10yr yield starts today up +9 bps from where we started yesterday at 4.72%. That all means our TWI-5 starts today at just under 69.5 which is up +25 bps from yesterday. The bitcoin price starts today at US$28,120 which is up +4.4% from this time yesterday.

Police are making inquiries this morning into an early morning collision between a stolen car and a multiple-wagon train passing through a crossing. The train was left halted on the tracks until it was slowly driven away shortly before 8am, following which the car was winched onto the back of a truck. A short time later, police said they were alerted to the crash on Lincoln Rd, where the train had smashed into the car on the tracks. Within 20 minutes of the car being moved, a passenger train passed through the tracks and the crossings were working as per normal. He told the Herald the car involved had driven under the barriers which, at the time, were down signalling a train was coming.

National and ACT are aligned on reversing several of Labour’s policies, but not all of them and not to the same degree. So, which of Labour’s policies are at risk of being axed? National, ACT and New Zealand First have all pledged to abolish it. Party spokesperson Chris Bishop said Labour’s policies were “discouraging landlords from offering their properties up for rent”. ACT wants to means test the payment so it only goes to beneficiaries and over-65s with a community services card.

One lucky horseplayer overcame odds of one in 479 millon to claim an unprecedented multi-million dollar prize. Correctly selecting the order of finish for a dozen horses running in The TAB Everest at Royal Randwick on Saturday, Oct. 14, an Auckland horseplayer won $10 million AUD (approximately $8.63 million CAD). The winner took home the life-changing prize through a special TAB promotion offered free to all New Zealand account holders. “The race had over 400 million possible finish results, and he managed to nail the exact one needed. "I didn’t put too much thought into my picks and just dropped the runners where I thought it could go.

Rob Campbell is chancellor of AUT University and chairs NZ Rural Land Co and renewable energy centre Ara Ake. The election campaign as reality television: sometimes cringeworthy, often banal, always without substance. A reluctance to address the main issues of wealth, income and social determinants of wellbeing coupled with limited capability to deliver positive change in the public sector anyway. The main parties squabbled over details on the menu and wine list while the privileged ate the food. When both major parties avoid the main debates in favour of playing back to the people their current fears and insecurities and leveraging those to their advantage.

An analysis conducted by dappGamble, a community of experts in financial technology, estimates that 23 million NFT owners have assets of little or no value. In Aotearoa, New Zealand Rugby, NZ Post and Dan Carter’s Glorious Digital all created high-profile NFT collections amid the boom. Glorious Digital, whose site describes the brand as “delightful” and “life-affirming”, has several high-profile endorsers, including former All Black Dan Carter and former Solicitor-General Michael Heron Casey. The rationale for a platform like Glorious Digital is that they work with artists to create digitally certified original artwork. Now, a class action lawsuit from anonymous NFT investors is suing Sotheby’s for using the names of high-profile celebrities to inflate the price of the asset.

Written By: nickkelly - Date published: 6:03 am, October 17th, 2023 - 11 commentsCategories: act, campaigning, election 2023, greens, labour, maori party, national - Tags: greens, labour, national, nick kelly, NZ Election 2023Above: the provisional results of the 2023 NZ General Election. For NZ Labour the reasons can be summed up in a paragraph. But the last thing Labour needs right now is a popularity contest amongst its remaining MPs, coupled with the weird parochialism that masquerades as factionalism in NZ Labour. NZ Labour will not be in government anymore. After losing the 2023 election, Labour must now immediately focus on winning in 2026.

AFC Bournemouth owner Bill Foley is reportedly the preferred bidder for the Australian Professional Leagues (APL) expansion franchise in New Zealand’s largest city, Auckland. Bill Foley’s sports team portfolio also includes Ice Hockey side Las Vegas Golden Knights and Foley holds ambitions to expand further. Ten months ago, just days after his formal takeover of AFC Bournemouth was announced, American businessman Bill Foley announced his multi-club ambition. Foley recently revealed interest in purchasing a Scottish Premiership club and now has his sights on moving into a new continent. Foley holds business experience in New Zealand, with Foley Family Wines and Foley Hospitality owning various vineyards, bars and restaurants in the country.

Incoming Prime Minister Christopher Luxon says tax cuts will definitely go ahead. But Luxon says giving tax cuts is entirely appropriate. There have been suggestions that the new Government will issue a mini-budget before Christmas to deal with tough economic conditions. In answer to another question about any potential vulnerability of tax cuts to new economic information, Luxon says he wants to deliver tax relief "and that is what we are planning to do." Having said that, we are having to build relationships, and to work through arrangements with respective parties," Luxon says.