Why is the New Zealand dollar falling, and what could it mean for prices?

Might the plunge in the value of the New Zealand dollar in the last five weeks make you poorer? The reason for asking is that, on 29 September, a New Zealand dollar bought 5.1% fewer US dollars than on 24 August, 3.1% fewer Australian dollars and 4.6% fewer units of the Reserve Bank’s basket of currencies. Read more

Labour’s student loan plan not as progressive as you’d think

If Labour forms government after the election, it will forgive a portion of some student loans. The policy announced on Sunday aims to leave graduates “with less debt, more of their income in their pocket, and a better chance to build their lives here in New Zealand.” The policy will certainly reduce the outstanding student loan balances of eligible borrowers. Read more

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