Latest Reserve Bank Headlines

NZ TWI surges above RBNZ forecast, may prompt jawboning

Fri, 17 Apr 2015 11:36:35 +1200 | BusinessDesk

April 17 (BusinessDesk) - The New Zealand dollar trade-weighted index has soared above the Reserve Bank's projections to a nine-month high but traders and strategists say the bank has few options, other than jawboning, to drive the currency lower in ...More >>

Planning Regulations and Costs

Thu, 16 Apr 2015 11:28:33 +1200 | Motu Economic and Public Policy Research

Yesterday, Grant Spencer, the Deputy Governor of the Reserve Bank of New Zealand made a speech about reducing housing imbalances. His speech quoted a working paper by Motu Economic and Public Policy Research - a not-for-profit, non-partisan research ...More >>

Gordon Campbell on the Reserve Bank and Auckland Housing

Thu, 16 Apr 2015 10:53:19 +1200 | Gordon Campbell

The ‘crisis – what crisis ?’ response by the government to the Auckland housing price bubble is no longer acceptable. So says Reserve Bank governor Grant Spencer – who used unusually frank language in his speech and subsequent interviews yesterday ...More >>

Intervention Not the Solution to Housing Crisis

Thu, 16 Apr 2015 09:32:35 +1200 | Affordable Auckland

Intervention Not the Solution to Housing Crisis “A thinly-veiled call by the Reserve Bank to examine the tax status of property investors is not the solution to fixing the housing hyperinflation crisis,” says Affordable Auckland Mayoral candidate ...More >>

Reserve Bank scathing of Government

Wed, 15 Apr 2015 15:07:49 +1200 | New Zealand Labour Party

The Reserve Bank’s most scathing critique to date of National’s inability to handle the housing crisis shows the Bank is sick of having to pick up the pieces, Labour Leader Andrew Little says. More >>

Innovation funding a boost to competitiveness

Tue, 14 Apr 2015 15:27:14 +1200 | BusinessNZ

An $80 million increase in funding for Growth Grants announced today will provide more incentives for companies to increase their research and development, BusinessNZ Chief Executive Phil O’Reilly said.More >>

Gordon Campbell on parity with Australia & disarming Israel

Tue, 7 Apr 2015 09:35:23 +1200 | Gordon Campbell

As the New Zealand dollar edges towards parity with the Aussie dollar, it seems facile to treat this as some game of Transtasman arm-wrestling that yay, we’re winning. The political rhetoric is all about our economic “strength” versus their ...More >>

National ignores Reserve Bank advice on housing

Wed, 1 Apr 2015 11:52:36 +1300 | Green Party

National ignores Reserve Bank advice on housing, fuelling house price inflation The National Government’s HomeStart package, which starts today, will likely be absorbed into higher margins for developers according to the Reserve Bank, the Green Party ...More >>

Inflation target at 2% risks overheated economy, BNZ says

Fri, 27 Mar 2015 12:32:10 +1300 | BusinessDesk

March 27 (BusinessDesk) - Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank of New Zealand, which suggests current low global inflation rates mean the local ...More >>

NZ commercial property lending less risky now: RBNZ

Thu, 26 Mar 2015 13:48:37 +1300 | BusinessDesk

March 26 (BusinessDesk) - The Reserve Bank said New Zealand’s $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases.More >>

Transcript PM's Post-Cabinet Press Conference: 9 March 2015

Fri, 20 Mar 2015 18:09:15 +1300 | New Zealand Government

OK. Good afternoon. So as I mentioned here last week, Cabinet has decided to legislate under urgency to remove the Remuneration Authoritys discretion in setting MPs' pay. More >>

IMF says LVR limits work in boom times, not busts

Thu, 19 Mar 2015 13:35:29 +1300 | BusinessDesk

March 19 (BusinessDesk) - Restrictions on low-deposit home loans appear to have more effect in times of boom rather than bust, according to an International Monetary Fund working paper.More >>

NZ bank profits to stay strong but risks seen, S&P says

Wed, 18 Mar 2015 15:30:15 +1300 | BusinessDesk

March 18 (BusinessDesk) - A resurgence in property prices means LVR 'speed limits' are like to stay in place, Standard & Poor's says in a report that predicts banks will continue to post strong earnings growth while trading in the shadow of a "heightened ...More >>

Gold Bounces As NZ Dollar Picks Up On RBNZ OCR Decision

Fri, 13 Mar 2015 14:57:39 +1300 | Kiara Medhurst

The New Zealand dollar made a comeback against the major currencies in the Asian session on Thursday, after the Reserve Bank of New Zealand declared that it was going to hold its OCR (Official Cash Ready) steady, which was forecasted by several economists.More >>

CORRECT: RBNZ looking at risk modelling, pricing

Fri, 13 Mar 2015 14:41:45 +1300 | BusinessDesk

March 13 (BusinessDesk) - The Reserve Bank is looking at the way it models risk and pricing in respect to its own financial operations, which it hopes will allow it to generate better returns without incurring greater risk.More >>

RBNZ looking at modelling, pricing to help boost returns

Fri, 13 Mar 2015 09:41:34 +1300 | BusinessDesk

March 13 (BusinessDesk) - The Reserve Bank is looking at the way it models risk and pricing in respect to its own financial operations, which it hopes will allow it to generate better returns without incurring greater risk.More >>

NZ dollar extends gains after upbeat RBNZ, soft US spending

Fri, 13 Mar 2015 08:44:32 +1300 | BusinessDesk

March 13 (BusinessDesk) - The New Zealand dollar extended its gains overnight after the Reserve Bank's better-than-expected outlook for the local economy and as the greenback declined following weaker retail sales data.More >>

NZ dollar gains as RBNZ's Wheeler upbeat on local outlook

Thu, 12 Mar 2015 17:14:56 +1300 | BusinessDesk

March 12 (BusinessDesk) - The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a healthier state and not in the same boat as the 24 other central banks that ...More >>

RESEND: RBNZ reviews 4.5% 'neutral' monetary policy setting

Thu, 12 Mar 2015 15:11:20 +1300 | BusinessDesk

March 12 (BusinessDesk) - The Reserve Bank is reviewing its 4.5 percent assumption for a neutral official cash rate setting as globally low inflation feeds into the local economy through the exchange rate.More >>

RBNZ reviewing 4.5% 'neutral' monetary policy setting

Thu, 12 Mar 2015 15:00:06 +1300 | BusinessDesk

March 12 (BusinessDesk) - The Reserve Bank is reviewing its 4.5 percent assumption for a neutral official cash rate setting as globally low inflation feeds into the local economy through the exchange rate.More >>

 

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