Biggest bank raises interest rates

Source: Radio New Zealand

RNZ / Cole Eastham-Farrelly

ANZ is the latest bank to increase interest rates.

It is increasing its 18-month to five-year rates by 20 basis points, and its one-year rate by 10 basis points.

Its six-month special rate remains at 4.49 percent.

It is also increasing the rates it pays on term deposits by between 15 basis points and 40 basis points.

The three-year rate is now 4.4 percent, which the bank said was an 18-month high.

ANZ managing director for personal banking Grant Knuckey said it was a response to rising wholesale interest rates.

“Since the fixed rate changes we made in February, wholesale rates have continued to rise across all terms.”

Knuckey said customers were still seeing the benefit of earlier cuts to interest rates.

“Seventy-eight percent of ANZ’s fixed home loans are now on rates below 5 percent, a significant shift from the end of 2024 when fewer than 10 percent of loans were on rates below 5 percent.”

Economists and forecasters have been split on the likely outlook for rates.

While tension in the Middle East is likely to be a damper on the economy, it is also expected to fuel inflation.

Earlier, Squirrel chief executive David Cunningham said there could be merit in fixing for six months, on the assumption that the economy would be weak enough that the official cash rate was unlikely to rise in that time.

But Infometrics chief forecaster Gareth Kiernan said two-year rates were offering good levels of certainty at reasonable prices.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Police seek help solving violent Wellington robbery

Source: Radio New Zealand

RNZ / Patrice Allen

Police are asking for the public’s help identifying two men who seriously assaulted a person during a robbery in Brooklyn, Wellington on Tuesday afternoon.

The victim was hospitalised with multiple injuries during the attack, on Ohiro Road around 5.40pm.

The men also stole the victim’s phone.

Police asked anyone with information to come forward.

You can call 105 or use the police website to report information, or provide anonymous tips to Crime Stoppers on 0800 555 111.

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Checkpoint live: Promoters accused of holding government to ransom over big events

Source: Radio New Zealand

Robbie Williams Tim Kildeborg Jensen / Ritzau Scanpix / AFP

There are allegations of corporate concert welfare and promoters holding the government to ransom over funding for big events while home grown talent is left out.

Some promoters are not in tune with the government helping fund pop star Robbie Williams’ tour to New Zealand.

The money came out of its Major Events and Tourism package, a $70 million fund aimed at stimulating economic activity around entertainment events.

$40 million of that money is to secure large-scale international events.

But how much it paid to get Robbie Williams to New Zealand for two shows – one in Auckland the other in Christchurch – is being kept secret.

The government says its commercially sensitive.

It also contributed undisclosed amounts to other gigs including Linkin Park and Wellington’s Ultra music festival – that includes major international DJ’s.

One promoter has told Checkpoint the government is being taken for a ride by big players.

Meanwhile Splore Festival producer Fred Kublikowski applied for event funding, but was declined.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Police seek helping solving violent Wellington robbery

Source: Radio New Zealand

RNZ / Patrice Allen

Police are asking for the public’s help identifying two men who seriously assaulted a person during a robbery in Brooklyn, Wellington on Tuesday afternoon.

The victim was hospitalised with multiple injuries during the attack, on Ohiro Road around 5.40pm.

The men also stole the victim’s phone.

Police asked anyone with information to come forward.

You can call 105 or use the police website to report information, or provide anonymous tips to Crime Stoppers on 0800 555 111.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Why some rugby clubs are going fee-free for kids

Source: Radio New Zealand

The Nelson Rugby Football Union is the latest club to remove fees for junior players. Shuttersport NZ

Rugby clubs around the country are scrapping junior fees in a bid to ease financial pressure on families and revive grassroots participation.

What began as a small initiative in 2024 has gathered momentum, with more clubs opting to waive registration costs in 2026.

Counties Manukau has led the way, entering its third season of the scheme offering free junior rugby.

Head of community Matt Megaw said the results were already showing, with a five percent lift in player numbers and more teams formed.

Funded through a $1 million grant from NZ Rugby’s Silver Lake deal, the union placed the money in a trust and distributed the interest to clubs.

“We’ve delivered $155,000 back to the community and that’ll top $200,000 by the end of the year,” Megaw said.

“Fees are a barrier, especially in our region. Being able to use it on junior rugby specifically is going to support those families in some way.”

While clubs are not required to remove fees, many have opted in – including Pukekohe, which has more than 350 junior players.

“They’re completely zero-fees this year. Two years ago it was $80 to $100,” Megaw said.

“It empowers clubs to make those calls, and kids can just walk in and play – that’s what it’s all about.”

Several grassroots rugby clubs from around the country have elected to follow Counties Manukau’s lead this season by removing fees for junior players. 123rf.com

The model is now spreading.

In Nelson, the country’s oldest rugby club has this year elected to remove fees for junior players.

The Nelson Rugby Football Union made the move in response to a study showing cost prevented kids getting into sport.

Junior club captain Lisa Trusler said the club’s focus is on removing barriers where possible.

“We want to see more kids get involved with rugby and the financial hardship on a lot of families these days is hard.”

Though the season had yet to kick off, Trusler said there had been a great response from locals.

“It’s a little bit too early to tell, but there has been a bit of excitement from a few families that have got multiple children. Our under six grade is getting a few extras come along.”

The club also utilise a boot box, where boots are donated for kids to use.

“They can get other rugby gear as well, head gear and stuff like that. It’s all about getting kids into rugby regardless of their financial position.”

Trusler said she hoped that the initiative would open the doors for a lot more people.

“We just want to see more kids out there running around.”

Rippa Rugby at Sport Park Motueka. Chris Symes

Wellington’s Newlands Rugby Football Club has taken a similar approach this season. In announcing the decision on its website, the club said: “For many families sport has become an expense that is increasingly difficult to justify.

“Our priority is ensuring every child has the opportunity to participate in rugby, regardless of their family’s financial situation.”

Research backs up the shift. A 2020 Sport NZ study, led by University of Otago researcher Dr Anja Mizdrak, found household income had a significant impact on whether young people meet physical activity guidelines.

In Auckland, Marist director of rugby Doug Sanft said he has seen a clear decrease in junior playing numbers, and removing fees was an obvious way to arrest the decline.

“It’s a massive drop, but it’s right through all grades in Auckland. So we’re just trying to find ways to try and get them back. I think that’s one thing. I think that’s one solution.”

Sanft felt rugby was losing ground to the likes of football and basketball.

“We are trying to cater to the community and find ways to try and get some engagement back to the club. I don’t think we’re engaging many kids coming to rugby. There’s barriers all over here. The other one is making it fun for the kids. Instead of trying to compete, make sure they’re participating and just enjoying their time with the other kids.”

He said at the season’s first muster, there had been a noticeable shift in numbers.

NZ Rugby’s Mike Hester said it’s important that participation to community sport remains accessible to as many people as possible. New Zealand Rugby

NZ Rugby head of rugby participation and development Mike Hester said keeping the game accessible remained a priority.

“Rugby, like many sports, is always aiming to reduce the barriers to participation.”

Hester said that through collaborative efforts between the provincial unions, clubs and schools, rugby typically has low registration and affiliation fees when compared to other sports.

“Financial pressure on whānau can make it harder to stay involved, whether that’s covering fees, getting to training, or finding time to volunteer. Removing registration fees can help lower these barriers, particularly where travel and other associated costs come into play.

“Where clubs can operate without registration fees, we applaud their willingness to do so. However, we recognise this isn’t always possible. Clubs have a range of costs to cover, including equipment, uniforms and transport, and registration fees are one way to help meet those costs.”

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Wellington Water warns of smells at Moa Point ahead of works

Source: Radio New Zealand

RNZ / Samuel Rillstone

Wellington Water has warned south coast residents of potential smells today and Monday while recovery works are done at Moa Point waste treatment plant.

Crews have been refurbishing the plant after it was forced to shut down after a catastrophic failure in February, which spewed tens of millions of litres of untreated sewage into the sea, and closed some south coast beaches for a period.

Wellington Water previously apologised about unexpected smells after turning its ventilation system on for the first time.

Crews will refurbish three clarifiers, which are large tanks that separate solids from liquids.

The plant have deployed odour neutralisers and scouts to combat smells.

Wellington Water said there was a “low risk” of smells.

People with complaints should contact the Greater Wellington Region Council.  

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Nationwide outage impacting 2degrees mobile customers

Source: Radio New Zealand

It is not known how many customers are impacted. RNZ / Nate McKinnon

A nationwide outage is affecting some 2degrees mobile customers, preventing them from making or receiving calls.

The company confirmed the outage, which is listed as ‘under repair’ in a network status update on its website at 3.12pm on Wednesday.

“We know some 2degrees customers are having difficulties making calls on their mobiles. We’re sorry for the hassle and rest assured our technicians are working hard to fix this for you.”

It is not known how many customers are impacted.

More to come.

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‘One of the most dated GDP report cards in recent memory’

Source: Radio New Zealand

NZ’s GDP rose about 0.3 percent in the three months to December, compared to the Reserve Bank’s February forecast of 0.5 percent. RNZ

  • Economic growth estimated at 0.3 percent in three months ended December, annual growth 1.5 percent
  • Primary sector, tourism industries the best; manufacturing flat, construction weak.
  • Figures are expected to confirm economy was turning corner
  • Historic numbers have been rendered almost irrelevant by Middle East conflict
  • The conflict at best will slow recovery, at worst derail it
  • RBNZ faces a dilemma – support growth or fight inflation

The economy is expected to have shown improving growth at the end of last year, in a set of historic numbers rendered almost irrelevant by the Middle East conflict.

Economists expect gross domestic product (GDP) – a broad measure of economic growth – rose around 0.3 percent in the three months ended December, compared to the Reserve Bank’s February forecast of 0.5 percent. The annual rate is forecast to have risen to 1.5 percent.

Kiwibank economist Sabrina Delgado said the numbers would be stale.

“To be honest, it’s probably going to be one of the most dated GDP report cards in recent memory.”

She said the growth numbers were always delayed, but the escalating conflict in the Middle East, and the impact of rising prices, supply chain disruptions and the like had changed the picture entirely.

For the record, the numbers are expected to show the primary sector and tourism related industries doing well, manufacturing broadly flat, and construction weak.

“It was another quarter of strong visitor arrivals with plenty of indicators pointing to a lift in transport, arts and recreation, and retail trade and accommodation,” Delgado said.

That was then, this is now

ASB senior economist Kim Mundy said the data would confirm the economic direction of travel, although growth was not as vigorous as the previous quarter’s 1.1 percent. The per capita growth measure was expected to be positive for the second quarter in a row, reflecting better household finances.

But the conflict has changed that.

“The economic consequences for New Zealand from the war depend on how long it lasts, but so far, the risks to economic growth are firmly skewed to the downside,” she said.

The risks were clearly being driven by the surge in oil prices, which have already driven pump prices and would flow through to the price of other goods and services, giving an inevitable lift to inflation.

Treasury has forecast a worst case scenario of inflation hitting 3.7 percent this year if the conflict persists, a forecast some see as too conservative.

The inflation spike and softening economic performance give the Reserve Bank (RBNZ) a dilemma – to tackle inflation, implying interest rises or to support the economy with “accommodative” interest rates.

Economists do not expect the RBNZ to have any kneekerk rate reaction to the price spikes at its 8 April statement, and ANZ senior economist Matthew Gault said a softish GDP number might have the central bank seeing more slack in the economy, and therefore more capacity to absorb price rises.

“However, we wouldn’t want to overplay this given the uncertain outlook, and also recalling that annual inflation at 3.1 percent isn’t coming from an entirely comfortable starting point.”

Delgado said it was not just the inflation spike, but the impact on sentiment and demand.

“It’s yet another wave of uncertainty for Kiwi households and businesses. And there is a real risk that it derails our recovery in the same way Trump’s liberation day tariffs did last year.”

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Fertility clinic apologises for lost embryos, still not sure where they are

Source: Radio New Zealand

An embryo pictured as it divides from four to eight cells. Melanie Olds

An Auckland fertility clinic has apologised after frozen embryos went missing, and it still does not know what happened to them.

In a letter on Wednesday, Fertility Associates chief medical officer Dr Andrew Murray said a review was sparked after frozen embryos belonging to an Auckland patient went missing in 2025.

He said the family was told as soon as the issue was detected, and kept regularly updated.

“We understand the anxiety and concern a missing embryo would create. We know how much emotional energy goes into the IVF process, and have sincerely apologised to the family,” he wrote.

He said the clinic could say “with absolute confidence” that no embryo was transferred to another patient, and no more embryos were found to be missing.

“We use RI Witness, which is an electronic witnessing system that uses radio frequency identification tags and barcoding to track and monitor patient samples such as eggs, sperm, and embryos throughout the entire IVF process,” Murray explained. 

“It provides an automated, real-time layer of security and traceability, avoiding potential mix-ups by sounding an alarm at the workstation if samples are mismatched.”

Dr Andrew Murray. RNZ / Rebekah Parsons-King

An independent review had confirmed Fertility Associates’ processes were robust and secure, in line with international best practice, he said.

But all frozen embryos in Auckland would now be stored in a new, larger, dedicated area in a building in Greenlane, and the company would be “enhancing senior laboratory oversight and reinforcing training, quality assurance, and internal reporting mechanisms”.

“The relationship we have with our patients is built on trust, and we appreciate that trust has been shaken through this situation. While we can assure you that you have not been impacted by this issue, we understand that you may have questions.”

The letter did not address whether the missing embryos had been located, but in response to further questions by RNZ, Murray confirmed that despite the investigation, the clinic had been unable to locate the patient’s embryos or confirm how they went missing.

“We fully appreciate that the lack of a conclusion and clear answers is frustrating – we share that feeling and have done everything we can to get a definitive answer.”

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World Cup dream over for Tall Ferns after winless tournament

Source: Radio New Zealand

Emilia Shearer #2 of New Zealand at the 2026 FIBA World Cup Qualifying Tournament in San Juan. (Photo by Edgardo Medina / NurPhoto via AFP)

The Tall Ferns have finished their World Cup Qualifying Tournament winless after a 77-61 loss to hosts Puerto Rico.

The Tall Ferns had to beat Puerto Rico by 24 points or more to qualify for the 2026 Basketball Women’s World Cup in Berlin later this year, which was always going to be a massive ask against the world’s 13th-ranked side.

New Zealand, which was ranked 21st, had only met their opponents once before when Puerto Rico beat them by two goals at an Olympic qualifying tournament in 2024.

The Tall Ferns also took a young side to the tournament and are without a number of players who are on college basketball duty in the United States. Three players made their debuts in San Juan.

Before going into today’s game, New Zealand suffered losses to the USA, Italy, Senegal, and Spain.

The Tall Ferns put up a strong showing in the first quarter, which they won 21-12. The hosts then took the initiative in the second period to nudge ahead of New Zealand 40-38 at half-time.

New Zealand stayed within touching distance of Puerto Rico in the third quarter before being restricted to just seven points in the final spell.

Experienced Tall Fern Sharne Pupuke Robati put in a big shift, scoring 13 points and 10 rebounds, to go along with four assists.

With their second win of the tournament, Puerto Rico joined the USA, Italy and Spain in securing a place at the World Cup in Germany in September.

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