New Zealand's central banking authority, the Reserve Bank of New Zealand (RBNZ), has announced a significant reduction in its primary interest rate, cutting it by 50 basis points in a move aimed at stimulating the economy.

New Zealand central bank cuts interest rates by 50 basis points in a bid to stimulate economy

New Zealand's residential construction slumped to a four-year low last quarter, in a further sign the economy may have tipped into another recession. Spending in constant prices-a measure of volume-fell to NZ$5.

New Zealand's declining housing construction signals rising recession threat

In a move to strengthen cybersecurity, New Zealand's central bank announced on Monday that it was implementing stringent reporting regulations for major cyber incidents.

New Zealand central bank implements cyber reporting rules amid rising online threats

New Zealand plunged into recession for the first time in a decade Thursday, as data confirmed a record-breaking economic collapse that forced Prime Minister Jacinda Ardern to defend her pandemic response ahead of next month's general election.

New Zealand plunges into recession as economy shrinks record 12%