After today’s CPI figure we expect the Reserve Bank to cut the Official Cash Rate on October 25th in an effort to lower the exchange rate, the Employers and Manufacturers Association says. “The CPI figure indicates inflation has moved below the agreed target of 1-3 per cent required of the Reserve Bank leaving ample room for a cut to the OCR,” …

Commerce Minister Craig Foss has welcomed the passage of a Bill that enables greater cooperation between the Commerce Commission and its international counterparts. The Commerce Commission (International Co-operation, and Fees) Bill passed its third and final reading today. “This bill is another step towards creating a Single Economic Market with Australia,” says Foss. “The Commerce Commission will be able to …

Jonathan Underhill The Maori Council is expecting a tough fight through the courts with the government after Prime Minister John Key ended talks with Maori over how the Mighty River Power sale could help address Maori claims to rights in freshwater resources. Felix Geiringer, a barrister representing the Maori Council, says the issue is “very likely to go to court” …