The Reserve Bank Governor says the level of growth in the construction industry is "unsustainable".
Adrian Orr said interest rates are returning to normal after being low during the Covid-19 pandemic.
People with non-fixed mortgages will likely feel the pain, while savers are likely to benefit from today's OCR rise.
Surging prices have led the Reserve Bank to raise the official interest rate by 0.5% points to 2%.
The central bank is warning further rises to the official cash rate are coming.
Seven Sharp spent $100 at a supermarket and compared this to smaller retailer options to find out where you can get the best bang for your buck.
One farmer said there's "real concern" a shock may be on the way and there will be a "big reset" in what people are willing to pay for lamb.
Jacinda Ardern says it would not have been possible for the 2022 Budget to make all cost of living pressures go away.
It is a big morale boost for businesses before skiers start hitting the slopes next month.
An in-depth look at why tackling one of NZ's biggest social issues is so politically challenging.
In response to recommendations by the Commerce Commission, the Government is rushing through a law change that would rip up covenants.
The inflation relief has stolen headlines, much to the finance minister's annoyance.
From August, around 2.1 million Kiwis earning up to $70k - but not in line for the Winter Energy Payment - will be getting an extra $27 a week.
The Finance Minister has ruled out extending the conditional $350 payment beyond three months or extending it to those on the Winter Energy Payment.
Full details and reaction following Finance Minister Grant Robertson's presentation of the Government's Budget for 2022.
Of the money, $579.9 million is being invested into various health initiatives.
National's leader says the Labour Government has a "spending addiction".
Social Development Minister Carmel Sepuloni said it's estimated more than 40,000 families will get a median gain of $24 per week after the rule is reversed in mid-2023.
Investors fear that surging inflation could cut deeply into corporate profits.