Employer Bulletin | 25 August
Falling interest rates are good for growth, businesses, jobs and Kiwis paying off their mortgages, Finance Minister Nicola Willis says.
The Reserve Bank announced that it was reducing the Official Cash Rate (OCR) from 3.25 to 3% and signalled two further reductions this year.
“The latest reduction means the OCR has now fallen from 5.5% to 3% in just a year,” Ms Willis says.
“I welcome the bank’s decision to respond to a difficult second quarter of the year with more stimulus.
“Lower interest rates support businesses to expand and grow, support increased construction activity, create jobs and put more money in people’s pockets.”
In today’s Bulletin:
- Justified suspension and dismissal for alleged sexual harassment
- Barge crew found to not be shift workers
- Employer’s process is flawed but employee’s actions did not help matters
- Authority awards uncontested claim for unpaid wages
- Seven news updates of interest for employers including: Falling interest rates good for growth and jobs; Boosting competition for affordable electricity; Biggest building consent system reform in decades; Business price indexes: June 2025 quarter; International migration: June 2025; Record high number of small businesses taking advantage of regional support and advice, and RMA reforms to deliver jobs and growth.
- Twelve bills open for submission
If you have any questions, about this case or other employment relation matters, call the Advice Line team on 0800 800 362.
