Weekly Digest – 12 October 2022

Weekly Digest – 12 October 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

ANZ urges consumers to ask for help sooner rather than later

New Zealand’s biggest bank is reminding us that when faced with difficulties in making your payments, don’t wait until the last minute to ask for help. ANZ anticipates many will have difficulty paying after the recent interest rate hike.

Petrol prices expected to rise further

A cut in global production as well as sanctions on Russian marine oil tankers is expected to result in even higher prices at the pumps in the coming months.

Kiwibank aims to reduce carbon footprint through loans

The state-owned bank has allocated $100 million in loans this year for small businesses aiming to reduce their carbon footprint. Items eligible to qualify for a loan include solar panels, an electric vehicle, or other measures aimed at reducing carbon emissions.

Interest rate rises expected to continue

With the Official Cash Rate rising a further 50 basis points last week, Infometrics chief forecaster Gareth Kiernan anticipates that there will be an ongoing upward pressure on fixed rates over the next year.

West Coast real estate offers the best returns

New numbers from the Real Estate Institute show that the West Coast region is once again the best place to invest in property if you’re looking for the best return on investment.

Workers are willing to switch jobs to keep work from home perks

Flexi-workers cite reduced cost as the leading benefit of being able to work from home, with 48 percent of hybrid or remote workers stating they would consider resigning if their bosses told them to return to the office full-time.

French takeover of NZ winery seen as good for the local economy

Central Otago vineyard Akarua Estate has been purchased by Edmond de Rothschild Heritage Wines. The president of the company says the region’s soil is world-famous for its exceptional growing conditions for pinot noir.

CO2 shortage worries beverage producers

Local breweries are operating at a reduced capacity and often go weeks without being able to package beer. One of only two Kiwi producers of food-grade CO2 closed earlier this year, and now many beverage producers say they’re worried about beer supply for this summer.

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