Latest Reserve Bank Headlines

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 >>

NZ dollar jumps more than 1 US ct on RBNZ rate view

Thu, 12 Mar 2015 10:08:32 +1300 | BusinessDesk

NZ dollar jumps more than 1 US cent after RBNZ said rates could go 'up or down' More >>

OCR unchanged at 3.5 percent

Thu, 12 Mar 2015 09:15:08 +1300 | Reserve Bank

The Reserve Bank today left the Official Cash Rate unchanged at 3.5 percent. More >>

Tepid inflation raises spectre of lower interest rates

Thu, 12 Mar 2015 09:10:19 +1300 | BusinessDesk

March 12 (BusinessDesk) - Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says.More >>

Cheap oil to boost NZ national income by $2.4B a year: RBNZ

Thu, 12 Mar 2015 09:09:35 +1300 | BusinessDesk

Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says More >>

RBNZ’s Wheeler keeps OCR on hold, no rate hikes ahead

Thu, 12 Mar 2015 09:07:40 +1300 | BusinessDesk

March 12 (BusinessDesk) - The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where ...More >>

PM Key sees inflation heading lower, cuts RBNZ slack for now

Mon, 9 Mar 2015 17:38:43 +1300 | BusinessDesk

March 9 (BusinessDesk) - Prime Minister John Key expects the annual rate of inflation to fall further than the 0.8 percent recorded in the year to December, but would not be drawn on whether the Reserve Bank should be cutting interest rates sooner ...More >>

NZ central bank, in neutral, will weigh drought, higher TWI

Mon, 9 Mar 2015 10:56:44 +1300 | BusinessDesk

March 9 (BusinessDesk) - The Reserve Bank of New Zealand will probably keep interest rates unchanged this week, reiterating that monetary policy is in neutral, while revising its forecasts to take in the impact of drought and a higher-than-expected ...More >>

NZ Dollar Outlook: Kiwi may decline on greenback strength

Mon, 9 Mar 2015 10:48:40 +1300 | BusinessDesk

March 9 (BusinessDesk) - The New Zealand dollar may decline this week as the greenback strengthens on optimism the US economy is gearing up for interest rate rises. New Zealand interest rates are likely to remain unchanged at the central bank's six-weekly ...More >>

 

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