Latest Reserve Bank Headlines

Government’s housing failure puts pressure on Reserve Bank

Fri, 30 Jan 2015 14:26:57 +1300 | New Zealand Labour Party

The Government’s failure to take action on the housing crisis has put pressure on the Reserve Bank Governor who has to deal with a rampaging housing market and low inflation at the same time, says Labour’s Finance spokesperson Grant Robertson. ...More >>

NZ dollar drops after RBNZ abandons bias to raise rates

Thu, 29 Jan 2015 17:31:06 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar dropped, touching a four-year low, after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility.More >>

Low interest rates see more head to South Auckland

Thu, 29 Jan 2015 15:56:42 +1300 | Century 21

“With the Reserve Bank today holding the Official Cash Rate at 3.5%, our retail banks in an interest rates war, Auckland rents increasing, and housing demand unrelenting, we’re seeing more and more first home buyers heading to South Auckland,” says ...More >>

Reserve Bank Act Fails Exporters Again

Thu, 29 Jan 2015 12:00:03 +1300 | New Zealand First Party

With the Official Cash Rate held at 3.5 percent, the Reserve Bank needs to take lessons from the Bank of Canada over how to surprise the markets, says New Zealand First Leader, the Rt Hon Winston Peters.More >>

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Thu, 29 Jan 2015 10:44:07 +1300 | BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral More >>

OCR unchanged at 3.5 percent

Thu, 29 Jan 2015 10:12:36 +1300 | Reserve Bank

Trading partner growth in 2015 is expected to be similar to 2014, though the outlook is weaker than anticipated last year. Divergences continue among regions, with growth in China, Japan and the euro area easing in recent quarters, while growth in the ...More >>

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up

Thu, 29 Jan 2015 09:10:03 +1300 | BusinessDesk

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up or down’ based on data More >>

NZ dollar little changed after Fed as traders await RBNZ

Thu, 29 Jan 2015 08:44:00 +1300 | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar was little changed after the Federal Reserve reiterated that it would remain "patient" in deciding when to raise interest rates, while noting inflation may decline further. The local currency is ...More >>

NZ dollar drops vs. Australian dollar after inflation data

Wed, 28 Jan 2015 17:04:22 +1300 | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand dollar dropped against the Australian dollar after unexpectedly strong inflation data across the Tasman prompted traders to wind back bets that nation's central bank could cut interest rates.More >>

Keith Rankin : Deflation

Tue, 27 Jan 2015 08:59:22 +1300 | Keith Rankin

In December 2014 I wrote in The Daily Blog about a possible clash of global economic crises that might reach its fullest intensity in the 2030s. More >>

NZ dollar touches fresh 3-year low, dips below 74 US cts

Tue, 27 Jan 2015 08:36:50 +1300 | BusinessDesk

NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting More >>

Unlikely prospect of RBNZ rate cut rears head

Mon, 26 Jan 2015 12:55:19 +1300 | BusinessDesk

Jan. 26 (BusinessDesk) - Traders have started pricing in a small prospect of interest rate cuts this year by the Reserve Bank of New Zealand, whose forecasts have overstated the pace of inflation for two straight quarters.More >>

NZ dollar holds at 2 1/2 year low as investors mull outlook

Fri, 23 Jan 2015 09:06:32 +1300 | BusinessDesk

Jan. 23 (BusinessDesk) - The New Zealand dollar held at a key two-and-a-half year low as investors mull whether the currency is a good bet because of its high yield or whether it is risky bet given concern about slowing global growth.More >>

Low inflation allows for OCR cut

Wed, 21 Jan 2015 15:45:38 +1300 | Manufacturers and Exporters Association

Today’s CPI release by Statistics NZ showed low inflation pressure, with a fall of 0.2% in the December quarter and a rise of 0.8% for the year ended December. This low inflation means the Reserve Bank of New Zealand (RBNZ) could cut the OCR to support ...More >>

Low inflation helping households get ahead

Wed, 21 Jan 2015 12:56:28 +1300 | New Zealand Government

Low inflation is helping New Zealand households get ahead, with wages on average continuing to rise faster than the cost of living, Finance Minister Bill English says.More >>

UPDATE: NZ inflation falls below RBNZ's target

Wed, 21 Jan 2015 12:09:37 +1300 | BusinessDesk

Jan. 21 (BusinessDesk) - New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More >>

Low inflation but high housing costs

Wed, 21 Jan 2015 12:07:02 +1300 | Council of Trade Unions

“Rising housing costs are a big worry for households, despite the fall in the CPI in the three months to December”, says Bill Rosenberg, CTU Economist. More >>

CPI falls 0.2 percent in December quarter

Wed, 21 Jan 2015 10:55:18 +1300 | Statistics New Zealand

The consumers price index (CPI) fell 0.2 percent in the December 2014 quarter, following three consecutive rises of 0.3 percent, Statistics New Zealand said today. The CPI often falls in December quarters.More >>

NZ dollar declines ahead of 4Q inflation data

Wed, 21 Jan 2015 08:40:46 +1300 | BusinessDesk

Jan. 21 (BusinessDesk) - The New Zealand dollar declined ahead of consumer prices data due this morning which is expected to show annual inflation dipped below the Reserve Bank's target, likely keeping interest rates on hold for an extended period.More >>

UPDATE: HSBC economist Bloxham sees OCR at 4.5% in 2016

Tue, 20 Jan 2015 12:33:42 +1300 | BusinessDesk

Jan. 20 (BusinessDesk) - HBSC chief economist Paul Bloxham is picking the Reserve Bank will lift the official cash rate by 25 basis points to 3.75 percent in the last quarter of the year due to inflationary pressures and by 100 basis points to 4.5 ...More >>

 

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