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29 May 2026 – On Friday 29 May, Reserve Bank of New Zealand Governor, Dr Anna Breman, spoke to rural and primary sector leaders in the Hawke's Bay discussing insights from the May 2026 Monetary Policy Statement.
The lunchtime event was hosted by Grasshoppers Hawke's Bay, an organisation representing a diverse network of farmers, growers, processors, and rural professionals across the region.
Speaking to key themes from the May 2026 Monetary Policy Statement, Dr Breman discussed the Monetary Policy Committee's decision to hold the OCR at 2.25 percent in the May 2026 MPS.
“The global economic backdrop remains uncertain, with supply chain disruptions and higher input costs weighing on the outlook,” Dr Breman said.
“Overall, New Zealand and our trading partners are likely to see weaker growth alongside higher near-term inflation in response to the Middle East conflict.”
She said domestic conditions reflect subdued confidence and uneven performance across sectors with some business, such as those within the primary sector, still performing well while other sectors are struggling.
“Business feedback and survey data point to overall weaker confidence and spending, with rising costs continuing to squeeze margins and weigh on investment and hiring decisions.”
Dr Breman highlighted ongoing uncertainty around inflation pressures.
“Expectations of higher costs could keep inflation elevated, but weaker demand and higher unemployment are expected to dampen pressures over time,” she said.
“The Committee remains focused on ensuring inflation returns to target while avoiding unnecessary volatility in the economy. On balance, the OCR is likely to increase sooner and by more than previously signalled.”
This visit marked Dr Breman's third regional engagement, following earlier visits to Christchurch and the Waikato. During her time in the Hawke's Bay, Dr Breman met with local council leaders and agencies involved in Cyclone Gabrielle recovery efforts, along with iwi representatives, horticulture producers, industry bodies, and rural advocacy groups.
Discussions from these engagements provided practical, on-the-ground insights into regional challenges, including recovery and resilience as communities continue to navigate the impacts of severe weather events, and how organisations are responding to current economic conditions.
These perspectives support the RBNZ's mandate by providing a clearer understanding of how economic disruptions and regional differences influence the broader economy and financial system stability, helping to inform well‑grounded monetary and financial policy decisions.
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COMPLETION OF BLUESKY HOLDCO ACQUISITION
On 11 December 2025, Intelligent Monitoring Group announced it had entered into a binding agreement to acquire all shares in BlueSky Holdco Limited from Johnson Control Luxembourg European Finance S.a.r.l, a subsidiary of Johnson Controls International plc (Acquisition). The Acquisition includes the purchase of Tyco NZ and Red Wolf Security, two of New Zealand's leading fire protection service and high-end security providers. The Acquisition adds more than 300 staff and 12 branch locations to the Company's portfolio, extending its footprint across New Zealand, now with more than 500 local staff.
IMG is pleased to advise that completion of the Acquisition will occur in New Zealand today. The purchase price is NZD45m plus customary adjustments for working capital and cash on hand, funded through the proceeds of an Acquisition Facility via the Company's NAB banking arrangements, and cash flow.
MANAGING DIRECTOR COMMENTS
At the time, Managing Director Dennison Hambling commented:
“This acquisition represents a highly strategic opportunity for IMG to materially expand its commercial footprint and service capability across New Zealand through the acquisition of two established, market-leading service providers with strong recurring revenue profiles, long-standing customer relationships and exposure to critical infrastructure markets.
The transaction significantly enhances IMG's scale and customer reach in New Zealand, while also providing a strong platform to support future organic growth initiatives, including the progressive expansion of IMG's Video Guard and advanced video monitoring solutions into the commercial market.
Given the businesses' historic alignment within the JCI ecosystem alongside ADT, IMG expects a low-risk integration process with minimal operational disruption. This acquisition is another significant, accretive step forward in building IMG into a serious industrial company with significant profitability, a strong balance sheet and material growth prospects across Australasia”.
Intelligent Monitoring Group Limited (ASX: IMB) helps provide monitored security and IOT solutions that ensure the safety and protection of Australian businesses, homes, and individuals 24 hours a day, 365 days a year.
The Company operates with the highest security accreditation from its two-significant monitoring centres.
For more information please visit: https://intelligentmonitoringgroup.com
Four secondary school students selected for mentorships will each be matched with a professional writer/mentor in their genre, as part of the NZ Society of Authors Te Puni Kaituhi O Aotearoa (PEN NZ Inc) 2026 Youth Mentorship Programme.
The young writers will hone their writing skills and develop their craft through the year, working on their chosen writing project. We congratulate them on their success.
2026 Youth Mentorships have been awarded to:
The judging panel of award-winning authors Convenor Cristina Schumacher and Ruby Porter, said: ‘This year’s panel encountered young writers with strong imaginative potential and thematic engagement, and the mentorship initiative will play an important role in nurturing and refining their emerging voices.’
Congratulations also to the highly commended student writers: Molly Marjoribanks from Michael Park School (Tāmaki Makaurau | Auckland), and Jacob Prewer from Cambridge High School (Kemureti | Cambridge)
The NZSA Youth Mentorship Programme was established in 2010 to foster and develop emerging writing talent around Aotearoa New Zealand with the support of established authors. NZSA Chief Executive Jenny Nagle says ” Over the last 30 years NZSA's mentor programmes have proven themselves to be a valuable development pipeline for emerging writers. Mentorship by a senior writer, one-on-one, provides a significant opportunity to develop their work and their future writing skill. We wish these writers well with their projects this year.”
Youth Mentorship is one of The New Zealand Society of Authors successful mentoring programmes for writers and is made possible with the support by Creative New Zealand.
For further information: www.authors.org.nz
The General Practice Owners Association (GenPro) says Budget 2026 is a major missed opportunity to strengthen the front line of New Zealand’s healthcare system, with general practice ignored despite growing pressure on clinics, doctors and patients.
GenPro Chair Dr Angus Chambers said the Budget contained significant new health spending, but virtually none of it was directed toward supporting the country’s struggling network of general practices.
“Primary healthcare barely gets a mention in this Budget, and general practice is absent altogether,” Dr Chambers said.
“The Government talks about improving access to healthcare and reducing wait times, but none of that is possible without properly supporting the family doctors and practice teams who are the foundation of the health system.”
Health spending will rise by more than $3 billion under Budget 2026, including funding for cost increases, hospitals, ambulance services, Pharmac, cancer care and digital health initiatives.
However, there is no meaningful investment in the sustainability of general practice, despite rising demand, workforce shortages and increasing financial pressure on clinics across the country.
“This neglect will cost our country a lot more in the long run. Every day general practice is managing more complex patients, more chronic illness and more demand, while dealing with severe workforce shortages and rapidly increasing costs,” Dr Chambers says.
“General practice is the most cost-effective part of the health system. When patients can’t get timely access to a GP, they end up in emergency departments and hospitals, which puts even greater pressure on the wider system.”
The Government’s focus on increasing hospital treatments and emergency department capacity failed to recognise that many health issues could be prevented or managed earlier through better investment in community-based care.
“You cannot build a sustainable health system while neglecting the front door of healthcare,” he said.
“The Budget includes targets for 53,000 additional general practice enrolments, yet there is no direct investment to help practices absorb those patients or expand capacity. It simply does not add up.”
Dr Chambers said GenPro supported investment in areas such as child health, cancer care and ambulance services, but said long-term health improvements would remain out of reach unless primary care was properly funded.
“General practice is where prevention happens, where long-term conditions are managed, and where most New Zealanders first access healthcare,” he said.
“If the Government is serious about improving health outcomes and reducing pressure on hospitals, it must stop treating general practice as an afterthought.”