Net core Crown debt is $21 billion higher than the same time a year earlier.
The central bank's monetary policy committee left the OCR on hold at 5.5% today.
Chief economist Kelly Eckhold dampens expectations of further rate hikes by the central bank.
New Zealand’s dependence on a few markets remains a worry, Productivity Commission warns in its final report.
NZ Economics Forum speeches confirm commitment to inflation-busting, prudent government spending.
The Finance Minister says New Zealand is ‘open for business’ and a new economic approach is desperately needed.
The RBNZ previously warned it had a ‘willingness’ to hike again this year because of lingering inflation pressures.
Unemployment statistics lower than expected but employer advocacy group warns data doesn’t paint picture of what’s happening right now.
Stats NZ labour market data comes in below expectations in the December quarter, while health and education wage settlements flow through.
Plus, Stats NZ data shows building consents fell 25% last year, while unemployment expected to nudge higher.