Latest Reserve Bank Headlines

Reserve Bank launches new $5 and $10 banknotes

Tue, 1 Sep 2015 09:20:02 +1200 | Reserve Bank

Prime Minister John Key along with the Reserve Bank today launched the first two denominations in a series of new banknotes that include new security features.More >>

NZ Dollar Outlook: Kiwi may decline on US jobs data

Mon, 31 Aug 2015 12:47:15 +1200 | BusinessDesk

NZ Dollar Outlook: Kiwi may decline as US jobs data seen boosting case for rate hike More >>

NZ dollar slips on optimism about US rate hike

Mon, 31 Aug 2015 08:33:39 +1200 | BusinessDesk

Aug. 31 (BusinessDesk) - The New Zealand dollar slipped as the US dollar strengthened after Federal Reserve officials signalled the US central bank is on track for a potential rate hike next month.More >>

Institute welcomes ‘game changing’ Reserve Bank tweak

Fri, 28 Aug 2015 16:54:45 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed a recent policy change, by the Reserve Bank calling it ‘a game changer’ and ‘a massive step in the right direction’.More >>

NZ dollar advances as commodity-linked currencies buoyed

Fri, 28 Aug 2015 08:28:49 +1200 | BusinessDesk

Aug. 28 (BusinessDesk) - The New Zealand dollar edged up along with other commodity linked currencies, with gains limited by a stronger US dollar buoyed by better economic data.More >>

RBNZ seeks feedback on banks' outsourcing services

Wed, 26 Aug 2015 15:32:28 +1200 | BusinessDesk

Aug. 26 (BusinessDesk) - The Reserve Bank is looking at policies governing banks' outsourcing of some services after a stocktake of lenders' practices last year found a range of interpretations of the rules.More >>

Reserve Bank consults on outsourcing

Wed, 26 Aug 2015 15:00:18 +1200 | Reserve Bank

The Reserve Bank has today released a consultation paper with proposals for an updated outsourcing policy for banks. The current outsourcing requirements date back to 2006 and apply to all locally incorporated banks whose New Zealand liabilities exceed ...More >>

RBNZ MPS, OCR, FSR dates for 2016-2017

Wed, 26 Aug 2015 14:24:00 +1200 | Reserve Bank

RBNZ MPS, OCR, FSR dates for 2016-2017 The Reserve Bank today announced the schedule for the release in 2016 and 2017 of its quarterly Monetary Policy Statements (MPS), the interim Official Cash Rate (OCR) reviews, and the six-monthly Financial Stability ...More >>

PM’s Press Conference. Easter Trading and Auckland Housing

Mon, 24 Aug 2015 18:04:32 +1200 | Francis Cook

In today’s Post-Cabinet press conference, the Prime Minister and Hon. Michael Woodhouse outlined an amendment to allow local councils to create bylaws which would allow for trading on Easter Sunday. More on this story here. More >>

Investors driving up risk in Auckland housing, RBNZ says

Mon, 24 Aug 2015 14:12:10 +1200 | BusinessDesk

Investors driving up risk in Auckland housing but no room to raise interest rates, Spencer says More >>

Investor LVR limits to reduce financial system risk

Mon, 24 Aug 2015 13:42:06 +1200 | Reserve Bank

Investor LVR limits to reduce financial system risk The Reserve Bank expects new lending limits for Auckland property investors will reduce heightened financial system risk, and help moderate the Auckland housing market cycle, Deputy Governor Grant ...More >>

Economists gloomy about how far dairy prices will recover

Mon, 24 Aug 2015 13:13:39 +1200 | BusinessDesk

Aug. 24 (BusinessDesk) - The outlook for dairy prices remains dire in the near term and will force the Reserve Bank to further cut interest rates this year, said economists at an Auckland conference, who collectively had a doom and gloom outlook for the ...More >>

Reserve Bank delays LVR implementation by one month

Fri, 21 Aug 2015 13:49:29 +1200 | BusinessDesk

Aug. 21 (BusinessDesk) - The Reserve Bank of New Zealand will give the country's banks an extra month to implement system changes required to impose new lending restrictions on Auckland residential property investors.More >>

Tenants get some relief as rents stall

Wed, 19 Aug 2015 09:51:15 +1200 | Trade Me Property

Kiwi tenants have reason to smile as the pressure on the New Zealand rental market eases. The median weekly rent across the country has stubbornly refused to move from $420 per week for the fifth month in a row. Even in Auckland, where record selling ...More >>

NZ dollar little changed, may gain with dairy prices

Mon, 17 Aug 2015 17:31:30 +1200 | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand dollar was little changed, with Tuesday night's dairy auction seen as a potential short-term fillip for a currency that will become less attractive as local interest rates fall and the US Federal Reserve hikes.More >>

Q+A: Steven Joyce - Recession in next two quarters unlikely

Sun, 16 Aug 2015 19:58:21 +1200 | TVNZ

CORIN You will have heard some of those stories. Some pretty grim stuff – talk of suicide, drastic impact. What can you offer to those people in those situations on those farms who are doing it really tough?More >>

NZ dollar declines as Chinese concerns recede

Fri, 14 Aug 2015 08:26:15 +1200 | BusinessDesk

Aug. 14 (BusinessDesk) - The New Zealand dollar declined as concerns about Chinese policy to weaken the yuan abated, turning attention to the likelihood of an interest rate rise in the US.More >>

Price softening in Auckland real estate not surprising

Thu, 13 Aug 2015 17:25:31 +1200 | Century 21 Real Estate

Century 21 New Zealand’s National Manager Geoff Barnett says he’s not surprised to see that the median sales price in Auckland has levelled out this winter. His comments follow the release of the latest REINZ statistics which show the Auckland ...More >>

Gordon Campbell on China’s devaluation, and Wolf Alice

Thu, 13 Aug 2015 10:13:32 +1200 | Gordon Campbell

As China’s currency takes the down elevator towards the basement – and after two days of decline no one knows how far down it will eventually go – its hard to see any good news for New Zealand. Our main export commodity (dairy powder) has ...More >>

NZ dollar rebounds from 6-year low as China intervenes

Thu, 13 Aug 2015 08:49:56 +1200 | BusinessDesk

Aug. 13 (BusinessDesk) - The New Zealand dollar rebounded from a six-year low as China intervened in the market to stabilise its currency, which had declined sharply following moves aimed at letting it trade more freely.More >>

 

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