Borrowers should brace for another cost-of-living blow on Wednesday when the Reserve Bank issues its final monetary policy statement for the year, if economists’ forecasts are on the mark. The Reserve Bank will also publish its first new forecasts since August on where it sees the official cash rate, inflation and unemployment heading over the next three years. ROBERT KITCHIN/Stuff Reserve Bank governor Adrian Orr and the rest of the bank’s monetary policy committee have a tough call to make this week. But it said if there was to be a surprise on Wednesday, “a 50bp hike is more likely than 100bp”. But Toplis said the Reserve Bank would not want to appear to be going soft on inflation.

Emergency services found one car rolled over a bank in Akaroa Sunday night. Police are returning to the scene of a single vehicle crash in Akaroa, to examine how one car ended up found 100 metres down a bank on Sunday night. One person has serious injuries after crashing their vehicle on Christchurch Akaroa Road near the Hill Top Cafe shortly before 9pm. They understood the car had rolled 100 metres down the bank. Fire and Emergency sent two crews from Little River and Akaroa to assist and left the scene just before 11pm.

Heavy rain across South Canterbury on Saturday caused surface flooding in some places, with a Waimate station receiving the most rainfall in the country on that day. On Sunday, MetService meteorologist Jessie Owen said the Waimate Forest station experienced some of the greatest rainfall in the country over the previous 48 hours. “A few stations in the Canterbury High Country got 85 to 90 millimetres of rain, but a station at Geraldine Forest got to 122mm,” she said. READ MORE:* South Canterbury towns included in multiple lists in Niwa's annual climate summary* May rainfall records broken in Lake Takapō/Tekapo* What's on in South Canterbury: February 26-28, 2021“But a Waimate Forest Station recorded 137mm of rainfall. “That was the highest level of rainfall in the country on Saturday.”Owen said the Waimate area had three times its average November rainfall in one day on Saturday.

Lily Kate Philpott, a year-and-a-half old, died on November 1. Heartbroken Whangārei couple Devon Philpott and Tayla Scott are left wondering how their happy child Lily died in her sleep. Devon Philpott is devastated by the unexpected death of his "cleft warrior" daughter, Lily. Lily Kate Philpott with her brother Mason. “My entire family is grateful to all donors and the community who supported us at a time like this.”

Ahead of the contest, New Zealand batter Glenn Phillips has expressed his admiration towards India’s Suryakumar Yadav and also added that he cannot dream of doing things that the Mumbaikar has been doing on the field. He also had an amazing T20 World Cup 2022, amassing 239 runs in 6 matches with three half-centuries at a stunning strike rate of 189.69. Phillips, who himself made 201 runs with one ton and one fifty in the recently-concluded tournament, is in awe of Suryakumar’s audacious strokeplay. The things that he does I wouldn’t even dream of doing. Phillips also predicted that on good batting tracks like Bay Oval (Mt Maunganui) and McLean Park (Napier), Suryakumar’s strike rate would be even higher than it was on Australian pitches.

Elon Musk will reinstate Donald Trump's twitter profile after holding an online poll. Elon Musk will reinstate Donald Trump's twitter profile after holding an online poll. Elon Musk has confirmed he will reinstate former US President Donald Trump’s Twitter account after putting the decision to a vote. “Fascinating to watch Twitter Trump poll!,” Musk tweeted. https://t.co/jmkhFuyfkv — Elon Musk (@elonmusk) November 20, 2022After the poll ended, Musk tweeted: “The people have spoken.

With the Reserve Bank (RBNZ) expected to increase the Official Cash Rate (OCR) by up to 75 basis points on Wednesday it's worth noting something significant. In contrast, the OCR has certainly been lowered by more, much more, than 50 basis points. That's 325 basis points of increases so far since the beginning of this 'tightening cycle', with 275 basis points coming in 2022 so far. That's already a record amount in one calendar year, with 50 basis points increases in each of April, May, July, August and October, and 25 basis points in February. But a 75 basis points OCR increase, should it happen on Wednesday, November 23, would be unprecedented.

Photo: Mountain SceneA battle is brewing over a former American’s plans to build a wine-making and distillery facility on his rural property near Arrowtown. Mike Almquist, who built a winery in Washington State in 2008 and added a distillery a year later, bought the Mount Soho Winery property from original owners Ed and Carol Lamont in 2018. He commissioned Queenstown’s Wyatt + Gray Architects to design a large shed-like building that fitted in with the rural environment. Photo: Mountain SceneIt would be invisible from McDonnell Rd, and while you might see the roof from Hogans Gully Rd, that would eventually be screened by "a full beech forest". "This was not what I expected when moving to the other side of the world, buying an already-consented winery to make Central Otago wine."

Grant Bushby is upset the council is proposing to chop down trees on Racecourse Rd. But the collection of trees on public land that provide his home with shelter, privacy and an upstairs view of the bird life are for the chop. It was council policy not to plant any new trees under power lines. DAVID UNWIN/Stuff Here is the problem - overhead power lines are suspended above a stand of street trees. Featonby said there were dozens of notable trees along Racecourse Rd and the wider area.

Toa Samoa fans dance in the street in Ōtara after their teams loss to the Kangaroos in the rugby league world cupCelebrations and cheehoos have continued well into Sunday morning for Samoan rugby league fans, despite Toa Samoa’s loss against the Kangaroos. Supporters across the country set their alarm clocks for 5am to watch the final of the Rugby League World Cup between Samoa and Australia. Ricky Wilson/Stuff Both young and old were out in full force on Sunday morning to celebrate Toa Samoa making it to the Rugby League World Cup final. At 8am South Auckland was still bursting at the seams with frenzied fans waving Samoan flags against the sunrise. Thousands of Samoan league fans poured onto Auckland’s streets on Saturday too - well before knowing whether their team had actually won.

CoreLogic head of research Nick Goodall describes some of the things that could make the property market downturn worse. Falling house prices and rising interest rates are making home-buyers wary, but experts say that, if you can afford it, now is a good time to buy. The institute’s House Price Index, which measures the changing value of residential property nationwide, is now down 12.4% from its peak in November last year. Stuff House price falls mean affordability has improved. “Someone might get a lower sale price for their house, but the house they are looking to buy will also be going for less, so it’s all relative.

They had moved into an affordable housing project newly built by the Waiheke Community Housing Trust. Phillips is one of many long-term island residents who are finding themselves squeezed by a lack of affordable housing. Housing limboEstablished in 2016 with the intention of applying a band-aid to the island’s festering affordable housing sore, trustees of the Waiheke Community Housing Trust quickly got stuck into a three-unit project to accommodate nine people. LAWRENCE SMITH/Stuff Many long-term Waiheke Island residents are now relying on food banks to survive. Meanwhile, her centre’s social workers “dread hearing people’s increased need for housing accommodation because of the lack of ability to help”.

The musical Rent opened at the Court Theatre on Saturday and runs until January 21. Theatre director and actor Lara Macgregor is well-placed to direct the Court Theatre’s new production of the hit musical Rent. The show’s New York setting in the early 1990s bohemian arts scene is very familiar to Macgregor. “I was living in New York in the 1990s being an actor and being a bohemian and saw the original production,’’ she said. Macgregor said she wanted to capture the spirit of 1990s New York in the new production.

PhotosportAustralia 54Kiwi Ferns 4The Kiwi Ferns World Cup dream turned into a nightmare on Sunday, as they were smashed 54-4 by Australia in the final at Old Trafford. It’s the third consecutive world crown for Australia, after New Zealand won titles in 2000, 2003 and 2008. The Ferns held Australia to three tries in the first 35 minutes, before the match became a procession after the interval. Their win was built on a relentless defence, as the Ferns spent most of the match pinned in their own half. Australia made the perfect start, with a fifth minute try to Jess Sergis, who barrelled through two defenders on the right edge.

Welcome to the hyper-ageing nation that is New Zealand. New Zealand’s towns and cities are rapidly becoming ‘hyper-aged’, which will have far-reaching consequences for society and the economy. In Japan, where many communities are in the grip of hyper-ageing, the result has been ghost towns. “Depopulation will be experienced widely as population ageing progresses,” she says. This is why migration, in most cases, makes communities older, not younger.