14 Oct 2026
1 week ago
201 views
The New Zealand Government has extended its agreement with Z Energy to maintain a 550,000-barrel strategic diesel reserve at Marsden Point until August 2027, ensuring national fuel resilience amid global uncertainty. This reserve, critical for key industries and stored in refurbished tanks funded by $21.6 million from the Regional Infrastructure Fund, provides about nine days of typical national diesel consumption. The Government continues to monitor global developments, especially the Middle East conflict, and will respond as needed while limiting its financial exposure through the agreement.
02 Sep 2026
1 month ago
457 views
The Reserve Bank raised the Official Cash Rate to 2.75% and expects the economic recovery to strengthen and broaden, supported by a resilient export sector and increased household spending. Inflation is anticipated to return to the mid-point of the target range, boosting purchasing power. Finance Minister Nicola Willis welcomed the assessment, highlighting the economy's resilience amid global challenges and the export-driven nature of the recovery.
02 Sep 2026
1 month ago
495 views
Finance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.
21 Jul 2026
3 months ago
666 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
02 Jul 2026
3 months ago
872 views
The latest government accounts reveal stronger-than-expected core Crown revenue and lower expenses, indicating an improving economy. Corporate tax revenue rose by $700 million, reflecting increased business profitability, and the deficit was $3 billion lower than forecast. Despite recent challenges like the Middle East conflict, economic indicators such as falling oil prices, rising business confidence, and increased exports suggest the economy is regaining momentum.
18 Jun 2026
4 months ago
1040 views
New Zealand's economy showed strong momentum in the March 2026 quarter, growing 0.8%, nearly three times faster than Australia and twice as fast as the US, with GDP per capita and real purchasing power also rising. This growth reflects the resilience of New Zealanders amid challenging conditions and was supported by business investment and government policies, though uncertainty from the Middle East conflict may impact future growth. Despite short-term caution, the government remains focused on fiscal responsibility and expects economic growth to strengthen over time, leading to more jobs and higher incomes.
16 Jun 2026
4 months ago
888 views
The New Zealand Government has approved two-year extensions for five international NZDF deployments, involving over 100 personnel in peacekeeping, monitoring, and security missions across the Middle East and North Asia. These deployments include contributions to the United Nations Command in Korea, the Multinational Force and Observers in Egypt, Middle East maritime security, the United Nations Truce Supervision Organisation, and North Korea sanctions monitoring. The extensions reflect New Zealand’s commitment to global security, regional stability, and ongoing collaboration with international partners.
15 Jun 2026
4 months ago
866 views
New Zealand Foreign Minister Winston Peters welcomes the US-Iran Memorandum of Understanding as a crucial step toward reducing Middle East tensions and enhancing global economic stability. He highlights the serious impact of disruptions in the Strait of Hormuz on New Zealand and Pacific partners and supports efforts to safely reopen this vital maritime route. Peters emphasizes that dialogue and diplomacy are key to resolving conflicts and hopes the agreement leads to lasting regional peace.
12 Jun 2026
4 months ago
1052 views
Tourism in New Zealand is showing strong growth, with 288,500 international visitors in April 2026, reaching 94% of pre-pandemic levels and significant increases from key markets like China, the US, Australia, and India. The government’s targeted efforts, including visa-waiver trials and support for the tourism sector, are credited with driving this positive trend, which boosts business investment, jobs, and incomes. Despite global challenges such as the Middle East conflict and fuel supply issues, the sector’s resilience and ongoing growth demonstrate effective policies and a promising future for New Zealand’s tourism industry.
08 Jun 2026
4 months ago
815 views
The Government has completed the recommissioning of 93 million litres of diesel storage capacity at Marsden Point to store newly purchased diesel reserves. Two shipments, arriving soon and in July, will provide about nine days’ average diesel consumption to safeguard New Zealand’s fuel supply amid global uncertainties. Funded by $21.6 million from the Regional Infrastructure Fund, this measure aims to maintain economic stability despite ongoing Middle East conflicts affecting fuel supply and prices.
11 May 2026
5 months ago
1008 views
The New Zealand Government has signed a groundbreaking contract with Z Energy to secure nearly 90 million litres of additional diesel, enhancing the country's fuel resilience by about nine days' supply. The diesel will be stored in refurbished tanks at Marsden Point, with infrastructure upgrades underway to increase fuel storage capacity and strengthen strategic resilience amid global uncertainties. This agreement, the first of its kind, limits the Crown's financial exposure while allowing Z Energy to manage the diesel, with the government maintaining control over its market release.
30 Apr 2026
5 months ago
1237 views
The New Zealand Government, led by Transport Minister Chris Bishop, is supporting the transport and construction sectors by implementing monthly interim fuel price adjustments in public transport and infrastructure contracts to ease cashflow pressures caused by rapidly rising fuel costs. This change, which does not increase overall contract costs, aims to maintain reliable public transport services and keep infrastructure projects on track while being temporary and scalable based on fuel market volatility. The Government will continue monitoring fuel markets closely to ensure stability, with plans to revert to quarterly adjustments once prices stabilize.
23 Apr 2026
6 months ago
996 views
Moody’s downgrade of New Zealand’s Aaa outlook to negative highlights the need for disciplined spending, balanced budgets, and debt reduction to avoid higher borrowing costs and economic pressure on families. Finance Minister Nicola Willis emphasizes that temporary, targeted support is crucial amid global uncertainties, warning against excessive borrowing that would increase debt servicing costs and reduce funding for essential public services. Despite the outlook change, New Zealand maintains its top credit rating due to its resilient economy and fiscal discipline, with economic growth seen as key to improving the outlook and supporting prosperity.
08 Apr 2026
6 months ago
1117 views
Foreign Minister Winston Peters welcomes recent announcements by the United States and Iran as positive steps toward ending the conflict. He acknowledges the ongoing efforts of Pakistan, Turkiye, and Egypt in seeking a resolution and highlights the broad impacts of the conflict, including on New Zealand and the Pacific region. New Zealand commits to supporting all initiatives aimed at achieving a lasting and durable ceasefire in the coming days and weeks.
06 Apr 2026
6 months ago
1045 views
Foreign Minister Winston Peters will visit Washington D.C. this week to engage in face-to-face meetings amid what he describes as New Zealand's most challenging global context in 80 years. During his visit, he will meet with Secretary of State Marco Rubio and others to discuss cooperation in the Pacific and Indo-Pacific regions, as well as significant international issues like the Middle East conflict. These discussions aim to advance New Zealand’s diplomatic, security, and economic interests while fostering mutual understanding of priorities.