New Zealand eases level of monetary policy restraint

New Zealand eases level of monetary policy restraint

Wellington, Aug 14 –  New Zealand’s central bank eased the level of monetary policy restraint by reducing the official cash rate (OCR) by 25 basis points to 5.25 per cent on Wednesday due to eased inflation. New Zealand’s annual consumer price inflation is

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New Zealand government releases emissions reduction plan

New Zealand government releases emissions reduction plan

Wellington, July 17 - The New Zealand government's draft emissions reduction plan covering the period from 2026 to 2030 shows that with effective climate change policies the country can both grow the economy and deliver climate change commitments, Climate Change Minister Simon Watts

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New Zealand’s annual inflation hits 3.3 per cent

New Zealand’s annual inflation hits 3.3 per cent

Wellington, July 17 - New Zealand's consumers price index increased 3.3 per cent in the 12 months to the June 2024 quarter, following a 4 per cent increase in the 12 months to the March 2024 quarter, the statistics department Stats NZ said

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New Zealand’s property market ‘chilly amid economic challenges’

New Zealand’s property market ‘chilly amid economic challenges’

Wellington, July 15 - New Zealand's property market has continued to see a rising number of new listings, contrasting with a noticeable decline in buyer activity which is reflected in lower national sales figures.

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OECD brands New Zealand as a ‘red tape country’

OECD brands New Zealand as a ‘red tape country’

Wellington, July 11 - New Zealand is a country full of regulatory barriers, said a survey released by the Organisation for Economic Cooperation and Development (OECD) on Thursday.

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New Zealand Reserve Bank says inflation approaching target range

New Zealand Reserve Bank says inflation approaching target range

Wellington, July 10 - New Zealand Reserve Bank's Monetary Policy Committee agreed to maintain the Official Cash Rate (OCR) at 5.5 per cent on Wednesday.

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New Zealand strengthens criminal justice system

New Zealand strengthens criminal justice system

Wellington, June 26 - The New Zealand government is strengthening the criminal justice system and reforming sentencing to ensure criminals face serious consequences for their acts and the victims are prioritised.

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New Zealand PM’s Japan trip witnesses significant business deals

New Zealand PM’s Japan trip witnesses significant business deals

Wellington, June 20 - New Zealand Prime Minister Christopher Luxon's visit to Japan this week has witnessed the signing of significant business deals in the areas of space, renewable energy and investment.

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New Zealand upgrades filtering system to stop digital child exploitation

New Zealand upgrades filtering system to stop digital child exploitation

Wellington, June 19 - The New Zealand government has made a significant upgrade to its digital child exploitation filtering system, which blocks access to websites known to host child sexual abuse material, Minister of Internal Affairs Brooke van Velden said.

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New Zealand govt allows ‘granny flats’ to reduce housing costs

New Zealand govt allows ‘granny flats’ to reduce housing costs

Wellington, June 17 - The New Zealand government has been working to make it easier to build 'granny flats' to reduce the high housing costs, opening the door to new ways of living by unlocking the space in the backyards of family members.

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Thousands protest in New Zealand as government reveals budget

Thousands protest in New Zealand as government reveals budget

Wellington, May 30 - Thousands of New Zealanders took to the streets on Thursday in a nationwide protest ahead of the new government's first budget.

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New Zealand calls for ‘cool heads’ as New Caledonia flights wind up

New Zealand calls for ‘cool heads’ as New Caledonia flights wind up

Wellington, May 28 - New Zealand has finished evacuating tourists from New Caledonia, as France lifted a state of emergency in the overseas territory in the Pacific Ocean on Tuesday.

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New Zealand ‘gravely concerned’ with situation in French territory New Caledonia

New Zealand ‘gravely concerned’ with situation in French territory New Caledonia

Wellington, May 16 - New Zealand on Thursday said that it remains "gravely concerned" about the situation in New Caledonia, a French overseas territory in the Pacific Ocean.

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New Zealand to double renewable energy capacity to reduce emissions

New Zealand to double renewable energy capacity to reduce emissions

Wellington, April 18 - The New Zealand government is committed to doubling renewable energy capacity as new data show that clean energy has helped the country reach its lowest annual gross emissions since 1999.

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New Zealand, Thailand to build strategic partnership

New Zealand, Thailand to build strategic partnership

Wellington, April 17 - New Zealand and Thailand will upgrade their bilateral relationship to a strategic partnership by 2026, the Prime Ministers of the two countries said on Wednesday.

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New Zealand in efforts to fast track consenting of major projects

New Zealand in efforts to fast track consenting of major projects

Wellington, March 7 - The New Zealand government is expected to cut red tape to accelerate the consenting of infrastructure and other major projects of national significance.

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New Zealand recognises global, regional leadership role that India plays: Minister

New Zealand recognises global, regional leadership role that India plays: Minister

New Delhi, March 5 - Recognizing India's leadership role on the global stage, New Zealand Foreign Minister Winston Peters said on Tuesday that his country is determined to build a "broader, deeper, mutually beneficial relationship" with the South Asian nation.

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India, NZ Navy chiefs discuss maritime cooperation

India, NZ Navy chiefs discuss maritime cooperation

New Delhi, Feb 20 - Indian Navy chief, Admiral R. Hari Kumar and his visiting Royal New Zealand Navy counterpart, Rear Admiral David Proctor on Tuesday discussed maritime cooperation and sea operations-related engagements, a Navy statement said.

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New Zealand ministers to visit Pacific island countries

New Zealand ministers to visit Pacific island countries

Wellington, Feb 5 - New Zealand Foreign Minister Winston Peters, and Health Minister and Minister for Pacific Peoples Shane Reti will visit Tonga, Cook Islands and Samoa this week to reaffirm connections with the region.

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Strong marine heatwave adds to New Zealand’s hot, humid weather

Strong marine heatwave adds to New Zealand’s hot, humid weather

Wellington, Jan 25 - A strong marine heatwave, the periods of unusually warm ocean temperatures, is contributing to New Zealand's unusually hot weather, due to which the North Island is experiencing above-normal humidity levels, keeping nighttime temperatures elevated.

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