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    New Zealand

    New Zealand to push through law to reverse ban on oil and gas exploration

    The law would end the ban, in place since 2018, on exploration as the right-of-centre government plans to lure investment to the country’s oil and gas sector.

    • Renju Jose
    Adrian Orr, governor of the Reserve Bank of New Zealand.

    New Zealand cuts rates in a rapid change of tune

    The RBNZ’s pivot to easing is a dramatic shift after it said in May it considered raising rates and wouldn’t cut them until the second half of 2025.

    • Updated
    • Tracy Withers

    July

    New Zealand inflation slows to three-year low

    Three of the country’s main banks brought forward forecasts for RBNZ rate cuts after the inflation report.

    • Matthew Brockett