Latest Reserve Bank Headlines

RBNZ Observer: Another 25bp hike expected next week

Thu, 17 Apr 2014 11:33:28 +1200 | HSBC Bank

The RBNZ became the first developed world central bank to hike rates this cycle, in March, raising its cash rate by 25bp to 2.75%. We expect the RBNZ to follow through with a further 25bp rate hike next week, as New Zealand’s economy remains on track ...More >>

NZ dollar drops to 5-wk low vs. pound after upbeat UK jobs

Thu, 17 Apr 2014 09:11:54 +1200 | BusinessDesk

April 17 (BusinessDesk) – The New Zealand dollar dropped to a five-week low against the British pound after UK unemployment fell more than expected and wage growth accelerated, turning investor attention to the possibility of higher interest rates.More >>

NZ inflation moderates: Still expect a rate hike next week

Wed, 16 Apr 2014 14:28:45 +1200 | HSBC Bank

New Zealand's CPI increased by +1.5% y-o-y in Q1 (market had +1.7%) – a slight moderation from the +1.6% annual pace seen in Q4. Domestic costs are moving higher on the back of a strengthening economy, but, at the same time, an elevated NZD helped ...More >>

Kiwi at risk ahead of CPI and Dairy auction

Tue, 15 Apr 2014 10:19:29 +1200 | CMC Markets

Wednesday poses as the key day for the NZD this week, with the release of an important data dump from China, the latest Online Dairy auction results, and Q1 CPI in New Zealand. Local traders have priced-in a 0.5% CPI increase for the March quarter, ...More >>

LVR restrictions have been a failed experiment

Mon, 14 Apr 2014 16:42:53 +1200 | Harcourts

The average house in New Zealand now sells for $502,306, which is a record high, up 12% on the same time last year and 8% on October, the month LVR restrictions were introduced.More >>

New Zealand First’s Vision for New Zealand

Mon, 14 Apr 2014 13:02:54 +1200 | New Zealand First Party

Ladies and Gentlemen, Rotary members and guests, thank you for inviting me here today. When the dust settles on election night 2014, New Zealand First will be in strong position which makes the policies we stand for extremely relevant.More >>

Dunedin South chooses Voight

Mon, 14 Apr 2014 10:45:50 +1200 | Democrats for Social Credit

Health practitioner Warren Voight has been selected as the Dunedin South electorate candidate for Democrats for Social Credit. “As a candidate in this year’s General Election, I am excited to be representing Democrats for Social Credit and celebrating ...More >>

Hamilton housing market paradox: price not following volume

Fri, 11 Apr 2014 15:06:26 +1200 | Lodge Real Estate

Lodge Real Estate’s managing director, Jeremy O’Rourke, said the Hamilton residential real estate market can be characterised by one word: paradoxical. “In the real estate market, a common adage is that ‘price follows volume.’ What this means ...More >>

March NZ house sales drop 10% as loan curbs bite

Fri, 11 Apr 2014 09:41:07 +1200 | BusinessDesk

April 11 (BusinessDesk) - New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More >>

PM Post-Cabinet Press Conference - April 7, 2014

Mon, 7 Apr 2014 18:21:40 +1200 | Anne Russell

The Prime Minister met with reporters today to discuss: • Budget 2014 • The Royal Family's arrival in New Zealand • The logistics around foreign ownership of New Zealand real estate • Anti-Semitic commentary against National on social mediaMore >>

Banker’s doubts over LVRs another nail in the housing coffin

Fri, 4 Apr 2014 12:00:34 +1300 | New Zealand Labour Party

Thousands of first home buyers around New Zealand will be asking the Government what all the pain has been for after departing BNZ CEO Andrew Thorburn said that the jury is still out on whether LVRs have worked, says Labour’s housing spokesperson Phil ...More >>

National fiddles while mortgages rise

Wed, 2 Apr 2014 15:46:56 +1300 | New Zealand Labour Party

National’s failure to address the underlying issues of the New Zealand economy means New Zealanders will be paying more for their mortgages, says Labour Leader David Cunliffe.More >>

Borrowers could save more than $90,000 interest

Wed, 2 Apr 2014 15:45:42 +1300 | Canstar

After a three-year breather, the cash rate is finally on the rise again, with the Reserve Bank of New Zealand (RBNZ) announcing a 0.25% increase to 2.75% in March. Combined with last year’s high-LVR volume capping, loan conditions are becoming ...More >>

Australia’s central bank keeps key rate at 2.5 percent

Tue, 1 Apr 2014 17:01:42 +1300 | BusinessDesk

Australia’s central bank keeps key rate at 2.5 percent, less bullish on China More >>

IMF says ‘ways to innovate’ on monetary policy

Tue, 1 Apr 2014 15:14:41 +1300 | New Zealand Labour Party

The International Monetary Fund has admitted the Kiwi dollar is overvalued by up to 15 per cent and suggested, while care must be taken there is room for innovation on monetary policy, says Labour’s Finance spokesperson David Parker.More >>

NZ dollar gains as RBNZ signals rate hikes on track

Fri, 28 Mar 2014 08:42:01 +1300 | BusinessDesk

NZ dollar hits two-and-a-half year high after RBNZ’s Spencer signals higher kiwi won’t limit rate hikes More >>

Low-equity loan limits worth one or two rate hikes: RBNZ

Thu, 27 Mar 2014 18:07:30 +1300 | BusinessDesk

March 27 (BusinessDesk) - The Reserve Bank’s speed limits on low-equity mortgage lending helped stifle inflationary pressures by an amount similar to one or two interest rate hikes and may have taken pressure off the high value of the kiwi dollar, according ...More >>

NZ dollar little changed amid concerns on global growth

Tue, 25 Mar 2014 08:51:37 +1300 | BusinessDesk

March 25 (BusinessDesk) – The New Zealand dollar was little changed as manufacturing reports from major overseas economies raised concerns about global growth. More >>

Speculation: Vanishing Acts, Financial Instability

Mon, 24 Mar 2014 17:06:32 +1300 | Keith Rankin

'Speculation' is generally understood as a pejorative word, as in "that [idea] is mere speculation", or "speculation is ruining the economy". Actually, speculation is generally a good thing; it is the essence of the deductive method through which ...More >>

NZ Dollar Outlook: Kiwi may struggle for direction this week

Mon, 24 Mar 2014 13:34:49 +1300 | BusinessDesk

March 24 (BusinessDesk) – The New Zealand dollar may struggle for direction this week, reflecting the limited amount of new data for markets to digest. More >>

 

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