Wellington

Wellington

Palmerston North

Hamilton

The rate of superannuation paid to New Zealanders is queried in Parliament.

As part of its desire to increase efficiency and lower costs Tower has integrated its wholesale and retail businesses.

Dunedin

Rotorua

In a decision regarded by all economists as very finely balanced, Reserve Bank governor Alan Bollard opted to raise the official cash rate (OCR) from 5.25% to 5.5%, citing strong domestic inflation pressures.

The Reserve Bank has increased the Official Cash Rate to 5.5%.