Kiwibank was the first to move.

Chief Executive Steve Jurkovich says it's a positive sign of things to come, with their team now forecasting a steady period of cuts from now to June 2027.

>> More Business News

Other Business News

16 Dec: The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black

16 Dec: Cocaine use continues to soar in New Zealand

16 Dec: A new record median house price for Canterbury

16 Dec: Consumer spending has been down for the first 14 days of December - 0.3 percent lower than last year

16 Dec: The Government's making moves to acquire properties for North Canterbury's Woodend Bypass

16 Dec: New data shows the service sector has now dipped in activity for six months in a row

16 Dec: The services sector is blaming the weak economic environment for a downturn in activity

Top Stories

RUGBY
An Otago University student and rising rugby talent is recovering after a near-fatal fall from a Dunedin rooftop in September More...

BUSINESS
The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black More...

Today's News

International:
Today in History, December 17: Kim Jong-il's death kept secret 7:37

Education:
An Otago University student and rising rugby talent is recovering after a near-fatal fall from a Dunedin rooftop in September 7:37

Accident and Emergency:
Two climbers are missing at Aoraki Mount Cook for a third day, after failing to return from climbing one of New Zealand's most dangerous peaks 7:27

Entertainment:
Gwyneth Paltrow thinks she's been "really lucky" in her career 7:20

Cricket:
Jacob Duffy is relishing being the interim leader of the Black Caps pace attack 7:17

Sailing:
Kiwi sailor Andy Maloney is on the move in SailGP again, joining Artemis Sweden as flight controller 7:07

Entertainment:
Cynthia Erivo enters therapy after shooting a film 6:50

Entertainment:
Kimberly Wyatt never wanted to raise a family in Los Angeles - and the Anglophile singer now considers the UK to be her true home 6:20

Environment:
Firefighters are returning to battle a blaze today at South Taranaki's Waiinu Beach - after rain was welcomed yesterday 4:37

Law and Order:
Another subcontractor has pleaded guilty in a road-maintenance corruption case 21:57

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