Case builds for smaller interest rate hikes

Inflation has remained at an annual rate of 7.2 percent, driven by higher prices for airfares, food and housing-related costs. Video / NZ Herald Bank economists believe inflation has likely peaked, so the case for smaller interest rate hikes is building. ANZ, Kiwibank and Westpac economists revised their official cash rate (OCR) outlooks down, as … Read more

Jeremy Clarkson likely to be dropped by Amazon, sent apology to Harry and Meghan

19 December 2022 | Rishi Sunak was asked about the comments Jeremy Clarkson made in a newspaper column about the Duchess of Sussex. Video / AP Amazon Prime Video is likely to part ways with Jeremy Clarkson after a column about Meghan Markle drew complaints and outrage. Clarkson has revealed that he sent an email … Read more

‘Scary’: Some anxious homeowners facing interest hikes of more than $400 a week

Daisy Warren and Zachary Brown are first home buyers who bought in Tauranga in 2021. Nearly half of New Zealand’s mortgage debt is due to be refixed between October 2022 and September 2023, and some borrowers are likely to see big hikes in their repayments. Carmen Hall speaks to anxious homeowners having to drastically cut … Read more

The Conversation: The first grader who shot a teacher in Virginia is among the youngest school shooters in the nation’s history

A 6-year-old student shot and wounded an elementary teacher in Newport, Virginia. Video / NBC12 Barely a week into the new year, a 6-year-old boy shot his teacher at Richneck Elementary School in Newport News, Virginia, becoming one of the youngest school shooters in the nation’s history. While details of the case are still emerging, … Read more

How to cope with rising mortgage interest rates

Home loan interest rates have risen sharply in the last year. Photo / 123rf Nearly half of New Zealand’s mortgage debt is due to be refixed between October 2022 and September 2023 and some borrowers are likely to see a big jump in their repayments. Mortgage rates fell to record lows of around 2.25 per … Read more

The Slowdown: Men are almost three times as likely to die on roads as women

Government data shows men make up around three quarters of the annual death toll. Photo / File Men are almost three times as likely to be killed on the road as women – and the difference isn’t explained by the fact that men drive more. A Herald analysis of government road death data shows male … Read more

Richard Prebble: Shuffling the deck chairs but ministers responsible for worst problems likely to stay put

Six Labor MPs announced they will step down at the next election: Aupito William Sio, Poto Williams, Jamie Strange, David Clark, Paul Eagle and Marja Lubeck. OPINION: Trailing in the polls, Jacinda Ardern has announced six retirements. She announced that early in the New Year there will be a reshuffle to demonstrate “the excellent talent” … Read more

Weather: Good news, we bring sunshine for you and your family

Christmas Day is expected to roll out the sunshine for most of the country. Photo / Greg Bowker Kiwi kids are likely to be dashing out into fine blue skies tomorrow morning so they can test the new toys Santa brought them. Forecaster MetService says that although Christmas Eve has been tinged with unsettled weather … Read more

Like the crash of a 747: Impact of the death of Koro Mullins

Koropiko “Koro” Mullins was a beloved shearing identity, husband, father of four and grandfather of 17. A fatal injection of air into one of Dannevirke identity Koro Mullins’ arteries during stent surgery three years ago was most likely enabled by a missed check in the procedure, according to a leading cardiologist. The most likely explanation, … Read more

Liam Dann: What if the Reserve Bank is wrong about the recession?… It probably will be

WEBSITE OF THE YEAR APP OF THE YEAR Advertisement Advertise with NZME. 3 Dec, 2022 04:00 PM5 minutes to read Reserve Bank Governor Adrian Orr is presiding over an era of rising inflation and interest rates. Photo / Mark Mitchell OPINION: New Zealanders have embraced the Reserve Bank’s latest recessionary forecasts with great enthusiasm. Phew, … Read more