Two-fifths of the deficit is cyclical, says the Treasury.
Economists ponder the cost of the Auckland region floods – estimated at about $100m so far.
Inflation stays at near-30 year high, RBNZ expected to deliver another whopper.
Latest data reinforces need for further OCR hike next month to kick inflation to curb.
Region suffers biggest plunge in confidence in the country in latest survey, but business seems resiliant and mostly confident.
Gold makes solid gains this year, with all eyes on central banks and the inflation beast.
Though economists expect Jacinda Ardern’s departure likely to have few economic implications.
But the tax department won’t be coming after those who refuse.
NZD made gains against AUD, with recent strength against USD as well.
No ‘discernable’ market shockwaves from PM Jacinda Ardern’s surprise resignation this afternoon.