• New Zealand government to increase adult minimum wage to NZ$14.25 an hour (currently $13.75/hr)
  • “starting out’ and training minimum wags will go from $11 to $11.40/hr
  • Effective from April 1

More from NZ PM John Key:

  • Says government won’t sell any more assets, program of asset sales will conclude after the Genesis IPO
  • Says minimum wage increase won’t pressure the RBNZ