Latest ASB NewsBites

ASB Economic Update: Setting the scene

Wednesday, 17th January, 2018

We welcome readers to 2018. As 2017 came to a close it became evident that the New Zealand economy had been in better shape than originally thought. What will 2018 bring? We are in the process of updating our forecasts, but if you click through we provide…

Minimum Wage Increase To $16.50 from 1 April 2018

Wednesday, 17th January, 2018

The Government confirmed mid December the minimum wage will be raised by 75 cents to $16.50 per hour on 1 April 2018. The starting-out and training minimum wage rates will increase from $12.60 to $13.20 per hour – remaining at 80 per cent of the adult min…

Tax Working Group Members Announced

Wednesday, 17th January, 2018

The Government has announced the members being appointed to the Government’s Tax Working Group. The Tax Working Group has been established to look at the structure of New Zealand’s tax system and will also look at how the tax system can promote the long-t…

ASB Economic Update: Mid-year lull

Wednesday, 20th December, 2017

Adrian Orr appointed as new RBNZ Governor, which is the logical choice. Half-Year Fiscal Update depicts a strong fiscal position, but we are wary on whether this can be achieved. GDP expected to confirm a Q3 lull. We expect this to prove short-lived, but …
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