ASB economists say the post-election Government will 'have the luxury of choice' when it comes to being able to spend; ANZ economists see 'a plentiful kitty for pork-barrel politics'

Tweet Whoever governs after the September 23 election will have the “luxury of choice” in terms of having money to spend, ASB economists say. ANZ economists meanwhile see “a plentiful kitty for pork-barrel politics”. ASB economists in their Economic Weekly publication preview the NZ Treasury’s Pre-Election Economic and Fiscal Update (PREFU) on Wednesday (23rd), and say that since the Budget …

Labour pledges to connect Auckland, Hamilton and Tauranga through a rapid rail network, as well as double funding for regional road projects; Green Party commits to providing young people with free public transport

Tweet The Labour Party is promising to connect Auckland, Hamilton and Tauranga through a rapid rail network. It has essentially adopted the strategy of Greater Auckland (formerly TransportBlog) to commit an initial $20 million to establish a passenger service between the centres. The Green Party has made a similar commitment last week. Labour Leader Jacinda Ardern explains: “If stage one is …

Westpac economists say there is no compelling case at the moment for the Reserve Bank to loosen the limits on high loan to value ratio lending

Tweet Image sourced from Shutterstock.com There’s no compelling case at the moment for loosening the limits on high loan to value ratio lending, Westpac economists say. The LVR restrictions, initially put in place by the Reserve Bank in 2013 and strengthened last year with addition of a 40% deposit rule for housing investors, have become something of a political football …