Finance Minister Nicola Willis today welcomed the opening of consultation on the Reserve Bank’s review of capital settings for banks and other deposit takers.

Finance Minister Nicola Willis has welcomed the release of the Finance and Expenditure Committee (FEC) Inquiry into banking competition today. The inquiry examines banking competition with a focus on business and rural banking, as well as lending to Māori entities.

Falling interest rates are good for growth, businesses, jobs and Kiwis paying off their mortgages, Finance Minister Nicola Willis says.

Finance Minister Nicola Willis has welcomed confirmation from Fitch Ratings that the Government’s careful management of the books has preserved New Zealand’s strong credit rating. The international rating agency has affirmed New Zealand’s AA+ rating with a stable outlook.

KiwiRail and Hyundai Mipo Dockyard have reached a full and final settlement on the cancelled Project iReX ferries, KiwiRail confirmed today.

Treasury’s latest report highlights the dangers of excessive government spending, Finance Minister Nicola Willis says.

The latest labour market data showing lower than forecast unemployment has been noted by Finance Minister Nicola Willis.

Kiwibank has been given the green light to compete more vigorously with the big four Australian-owned banks that dominate the New Zealand banking sector.

The Government is focused on growing the economy to create jobs, lift incomes and help Kiwis with the cost-of-living, Prime Minister Christopher Luxon and Minister of Finance Nicola Willis say.

New data released today shows inflation remains under control, Finance Minister Nicola Willis says.

The Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says.

Tens of thousands of households will be better off thanks to changes being made to FamilyBoost to help families with the cost of living, Finance Minister Nicola Willis says. 

Former Acting Governor Grant Spencer has been appointed to the Reserve Bank of New Zealand Board, Finance Minister Nicola Willis has announced. Board member Byron Pepper has been reappointed. Both are on five-year terms, beginning today.

New rules taking effect today will provide greater protection for Kiwis’ money in the unlikely event of a bank collapse, Finance Minister Nicola Willis says.

Associate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages.

Associate Minister of Finance David Seymour is encouraged to see overseas investment decisions being made twice as fast following his Ministerial directive letter (the letter) to Land Information New Zealand (LINZ).

Today’s surprise economic result is great news for workers, families and businesses, Finance Minister Nicola Willis said today.

Associate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. 

Kiwis can look forward to further falls in interest rates following today’s Monetary Policy Statement, Finance Minister Nicola Willis says.

It’s a pleasure to be invited here today by the Auckland Chamber for my first post-Budget speech. The Chamber is the peak body for the Auckland business sector, where so many of our country’s businesses are based.