New Zealand’s central bank is expected to keep interest rates on hold next week as new lending restrictions and a higher New Zealand dollar take some pressure off the need to hike early next year in the face of a resurgent local economy. The Reserve Bank will keep the benchmark interest rate at a record low 2.5 percent when it …

Auckland’s 45 year-old maximum security prison at Paremoremo is to get a makeover under a public-private partnership contract that is expected to be worth more than $200 million. Corrections Minister Anne Tolley announced the planned upgrade today, saying the facility needed to be modernised to improve the ability to manage difficult prisoners, provide better mental health care, and to take …

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