Latest Reserve Bank Headlines
RBNZ fine-tunes low-equity loan restriction regime
Tue, 13 Aug 2013 16:21:15 +1200 | BusinessDesk
Aug 13 (BusinessDesk) - The Reserve Bank has fine-tuned the regime to restrict home-lending for borrowers with small deposits, but reiterated that banks will get just two weeks’ notice before any new rules are imposed. More >>
English taps lawyer Ross, venture capitalist Liddell to RBNZ
Mon, 12 Aug 2013 10:52:53 +1200 | BusinessDesk
Aug. 12 (BusinessDesk) - Finance Minister Bill English has appointed former Bell Gully partner Jonathan Ross and US-based venture capitalist Bridget Liddell to the board of the Reserve Bank.More >>
House prices up in July as buyers race possible restrictions
Mon, 12 Aug 2013 10:10:44 +1200 | BusinessDesk
Aug 12 (BusinessDesk) – New Zealand house prices rose in July as more houses changed hands, suggesting first-home buyers are trying to secure properties ahead of possible Reserve Bank restrictions on buyers with low deposits.More >>
NZ dollar falls after upbeat US manufacturing data
Fri, 2 Aug 2013 08:43:55 +1200 | BusinessDesk
NZ dollar weakens as signs of improvement in US economy signals pull back in stimulus More >>
RBNZ plan to restrict low equity loans will keep prices high
Thu, 1 Aug 2013 13:55:00 +1200 | BusinessDesk
Aug 1 (BusinessDesk) - The Reserve Bank’s plan to restrict the number of low equity mortgages will hobble first home buyers while helping property investors, ensuring house prices keep marching higher, according to Westpac Banking Corp economists.More >>
NZ dollar little changed after Fonterra raises forecast
Wed, 31 Jul 2013 09:21:12 +1200 | BusinessDesk
July 31 (BusinessDesk) – The New Zealand dollar is little changed after Fonterra Cooperative Group hiked its 2014 forecast payout and ahead of a statement today which may provide further clues on when the US Federal Reserve is likely to pare back monetary ...More >>
NZ dollar rises to new 5-year high vs. Aust dollar on RBA
Tue, 30 Jul 2013 17:10:39 +1200 | BusinessDesk
July 30 (BusinessDesk) – The New Zealand dollar rose to a new five-year high against its Australian counterpart after Reserve Bank of Australia governor Glenn Stevens said there is room both for his currency and interest rates to go lower in the face ...More >>
NZ Dollar Outlook: Kiwi will take lead from US Fed, data
Mon, 29 Jul 2013 14:41:38 +1200 | BusinessDesk
July 29 (BusinessDesk) – The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus, and reports on how the economy ...More >>
NZ dollar little changed, may face volatility ahead of Fed
Mon, 29 Jul 2013 09:01:18 +1200 | BusinessDesk
July 29 (BusinessDesk) – The New Zealand dollar is little changed ahead of a Federal Reserve meeting this week which is expected to signal the outlook for monetary stimulus in the world’s largest economy.More >>
RBNZ zeroes in on threat of housing, construction inflation
Thu, 25 Jul 2013 10:51:26 +1200 | BusinessDesk
July 25 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is sharpening his focus on New Zealand’s bubbling housing and construction sectors and the threat they pose to inflation. More >>
NZ dollar gains as Wheeler signals end to stimulus
Thu, 25 Jul 2013 09:53:11 +1200 | BusinessDesk
July 25 (BusinessDesk) – The New Zealand dollar gained after the Reserve Bank said it will need to remove monetary stimulus as heat in the housing and construction sector spills over into the broader economy and stokes inflation.More >>
RBNZ keeps OCR at 2.5%, watches housing, building inflation
Thu, 25 Jul 2013 09:09:00 +1200 | BusinessDesk
July 25 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent as consumer price increases remain muted, though he will mull a hike if the momentum in housing and construction spur broader inflation. More >>
Heartland signals boardroom tweaks to meet RBNZ guidelines
Wed, 24 Jul 2013 17:49:30 +1200 | BusinessDesk
July 24 (BusinessDesk) - Heartland New Zealand, the parent of the country’s newest bank, has tapped a new independent director to join its lending subsidiary and will have a quick reshuffle of its board after releasing earnings next month to meet Reserve ...More >>
CORRECT: Canterbury Uni's Carr appointed as RBNZ chair
Tue, 23 Jul 2013 17:58:08 +1200 | BusinessDesk
(Fixes incorrect reference to Finance Minister appointing Carr to chair of board in lead, inserts minister’s role in appointing directors in 2nd graph) More >>
Rod Carr appointed as Reserve Bank chairman
Tue, 23 Jul 2013 16:25:23 +1200 | BusinessDesk
July 23 (BusinessDesk) - University of Canterbury vice-chancellor and former Reserve Bank deputy governor Rod Carr has been appointed chairman of the central bank by Finance Minister Bill English. More >>
Key complicit in first home buyers’ plight
Tue, 23 Jul 2013 14:24:42 +1200 | New Zealand Labour Party
John Key must be kidding with his claim today that first home buyers are a priority for the National Government, says the Labour Leader David Shearer. “The dream of home ownership is already beyond the reach of hundreds of thousands of Kiwis, and ...More >>
Weaker kiwi probably not a game changer for RBNZ yet
Mon, 22 Jul 2013 07:44:17 +1200 | BusinessDesk
July 21 (BusinessDesk) – The kiwi dollar is holding below levels the Reserve Bank is forecasting for the third quarter though that’s unlikely to be enough to change its view of the interest rate outlook this week.More >>
On Q+A This Week: Sunday 21st July, 9am
Fri, 19 Jul 2013 15:18:47 +1200 | TVNZ
On the programme this Sunday, with the Reserve Bank threatening homebuyers that they'll need a much bigger deposit before they get a loan we ask will it work or will desperate buyers be forced onto the black market? We talk to Kirk Hope, CEO of the NZ Bankers ...More >>
House price surge not a bubble, LVRs not justified
Thu, 18 Jul 2013 16:29:57 +1200 | BusinessDesk
July 18 (BusinessDesk) – Surging prices for Auckland and Christchurch real estate do not constitute a housing market bubble because bank lending volumes have been plummeting for the last two months, says the executive director of the New Zealand ...More >>
NZ dollar edges up after Bernanke says keep watching data
Thu, 18 Jul 2013 08:42:11 +1200 | BusinessDesk
NZ dollar edges up in volatile trading after Bernanke says stimulus dependent on economic data More >>
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