Latest Reserve Bank Headlines

English to IMF and World Bank this week

Mon, 5 Oct 2015 14:04:12 +1300 | New Zealand Government

Finance Minister Bill English leaves for Mexico City tomorrow before carrying on to Lima ahead of the International Monetary Fund and the World Bank Group’s annual meetings in his capacity as a Governor of both institutions. More >>

NZ dollar gains against weaker greenback after jobs report

Mon, 5 Oct 2015 08:51:09 +1300 | BusinessDesk

Oct. 5 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates.More >>

NZ dollar falls as Fed's Dudley points to 2015 rate hike

Tue, 29 Sep 2015 08:50:16 +1300 | BusinessDesk

NZ dollar falls as Fed's Dudley points to 2015 rate hike, stocks fall, risk aversion rises More >>

RBNZ pays $510 mln dividend to Crown, biggest in six years

Mon, 28 Sep 2015 12:52:50 +1300 | BusinessDesk

Sept. 28 (BusinessDesk) - The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank's holdings of offshore currencies.More >>

International forces remain major influence on economy

Mon, 28 Sep 2015 11:02:19 +1300 | The Reserve Bank of New Zealand

International forces remain major influence on economy The Reserve Bank’s Annual Report 2014-15 shows that New Zealand’s economy and financial system remain subject to major challenges in the global environment. Governor Graeme Wheeler said New Zealand’s ...More >>

Balance of Payments and International Investment Position

Thu, 24 Sep 2015 13:52:13 +1200 | Statistics New Zealand

• Of New Zealand’s $202.8 billion total investment abroad, 60.7 percent was in Australia, the United States, and the United Kingdom. More >>

Brighter Money ($5s and $10s) coming from 12 October

Tue, 22 Sep 2015 10:25:35 +1200 | The Reserve Bank of New Zealand

The Reserve Bank today announced the first release of new $5 and $10 notes will take place on Monday 12 October. From that day, new notes will start to be released from banks and retailers.More >>

NZ's annual net migration reaches record 60,300 in August

Mon, 21 Sep 2015 11:36:10 +1200 | BusinessDesk

NZ's annual net migration reaches record 60,300 in August on Indian, Chinese students More >>

NZ dollar heads for 1% weekly gain on milk prices, Fed

Fri, 18 Sep 2015 17:25:58 +1200 | BusinessDesk

NZ dollar heads for 1% weekly gain as dairy prices rise, Fed keeps rates on hold More >>

NZ dollar rises, recovering from post-GDP drop as Fed looms

Thu, 17 Sep 2015 17:08:02 +1200 | BusinessDesk

Sept. 17 (BusinessDesk) - The New Zealand dollar rose, recovering all of the ground lost in the wake of weaker than expected economic growth figures, as order flows drove up the currency ahead of the Federal Open Market Committee decision tomorrow.More >>

Media plays role in igniting price wars

Tue, 15 Sep 2015 10:04:42 +1200 | Massey University

Before Reserve Bank Governor Graeme Wheeler even announced last week’s cut to the Official Cash Rate, there were media reports of fixed mortgage rates heading towards record lows.More >>

NZ dollar little changed in week of Fed decision, GDP

Mon, 14 Sep 2015 08:39:35 +1200 | BusinessDesk

Sept. 14 (BusinessDesk) - The New Zealand dollar was little changed from the New York close on Friday ahead of local data that may show the economy accelerated in the second quarter and before a key meeting of the US Federal Reserve that has an ...More >>

Kiwibank makes cuts to all fixed mortgage rates

Fri, 11 Sep 2015 11:07:36 +1200 | Kiwibank

Kiwibank has made cuts to all fixed rates following the 0.25% cut announced yesterday to variable rates. More >>

Low Interest Rates have benefits .... and costs

Fri, 11 Sep 2015 09:05:08 +1200 | Auckland Chamber of Commerce

Today’s 0.25% cut in the Official Cash Rate confirms the Auckland Chamber of Commerce’s assessment of a softening economic outlook. More >>

Stark downgrade of forecast economic outlook by RB

Thu, 10 Sep 2015 16:37:15 +1200 | BERL

The widely expected OCR cut was not the most significant aspect of September’s Reserve Bank Monetary Policy Statement. The far more significant aspect was the somewhat jaw-dropping downgrade in the economic forecast picture that the Reserve Bank now ...More >>

No Surprises in OCR Cut

Thu, 10 Sep 2015 15:11:15 +1200 | New Zealand First Party

There are no surprises in today's official cash rate cut but beneath the bland words there is a landscape full of uncertainty and volatility, says New Zealand First Leader and Northland Member of Parliament Rt Hon Winston Peters.More >>

RBNZ decides monetary policy by committee, Wheeler insists

Thu, 10 Sep 2015 12:38:12 +1200 | BusinessDesk

Sept. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler may be one of the few central bank chiefs worldwide to rule by fiat, with the sole power to change monetary policy, dictate terms to lending institutions and decide when to intervene ...More >>

RBNZ Monetary Policy Statement and OCR cut to 2.75%

Thu, 10 Sep 2015 12:26:06 +1200 | PricewaterhouseCoopers

As widely expected, the Reserve Bank of New Zealand (RBNZ) has reduced the Official Cash Rate (OCR) by 25 basis points (0.25%) to 2.75% at today’s Monetary Policy Statement. PwC Partner and Treasury Advisory Lead Roger Kerr says, “Having cut ...More >>

Banks drop mortgage interest rates following RBNZ's OCR cut

Thu, 10 Sep 2015 10:32:45 +1200 | BusinessDesk

Sept. 10 (BusinessDesk) - Kiwibank, ANZ Bank and Westpac Banking Corp have all matched the Reserve Bank of New Zealand's cut to the official cash rate, reducing floating mortgage rates a quarter of a percent in a "competitive" home loan market.More >>

Governor acts while Finance Minister fiddles

Thu, 10 Sep 2015 10:21:50 +1200 | New Zealand Labour Party

The Reserve Bank is doing all the heavy lifting on the declining economy while Bill English appears to be sneaking off for a smoko break, Labour’s Finance spokesperson Grant Robertson says.More >>


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