Latest Reserve Bank Headlines
Trust in Global Financial Institutions - Q3 2013
Wed, 16 Oct 2013 16:21:37 +1300 | Thomson Reuters
Trust in global financial institutions remains negative overall, but regional differences widen • Divergence between positive analyst earnings and investors discounting growth still evident • Level of regulatory activity accelerating and doubled since ...More >>
Accelerating inflation firms up 2014 rate hike expectations
Wed, 16 Oct 2013 13:23:39 +1300 | BusinessDesk
Oct. 16 (BusinessDesk) - Accelerating New Zealand inflation is firming expectations for an early rate hike next year, with consumer prices rising at the fastest quarterly pace and ended a year-long period where the annual pace was slower than the Reserve ...More >>
Price increases hitting low incomes and people in Canterbury
Wed, 16 Oct 2013 13:22:21 +1300 | Council of Trade Unions
“The sharp increase in the CPI this quarter, bringing it to a 1.4 percent increase for the year, is mainly in areas that hurt lower income families. In addition people in Canterbury are particularly hard hit”, says Bill Rosenberg, CTU economist.More >>
RBNZ’s LVRs will make little difference, ANZ's Judge says
Wed, 16 Oct 2013 11:36:15 +1300 | BusinessDesk
Oct. 16 (BusinessDesk) – The Reserve Bank’s restrictions on low-deposit home loans won’t have much impact in alleviating pressures in a housing market driven by a shortage of land and high local authority compliance costs, says ANZ New Zealand ...More >>
David Cunliffe: Kohanga Reo Trust | Euthanasia | LVRs
Tue, 15 Oct 2013 11:48:12 +1300 | Hamish Cardwell
At his weekly pre-caucus press conference in Wellington Labour leader David Cunliffe answered questions about allegations of the misuse of credit cards by a subsidiary of the Kohanga Reo Trust, the Reserve Bank's LVRs coming into effect, and a call ...More >>
Wage, price pressures ‘inevitable’ from building boom: RBNZ
Tue, 15 Oct 2013 10:40:35 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – The building boom looming in Christchurch and Auckland in the next three years will inevitably put upward pressure on wages and prices in the construction sector and could spill over into general inflation, driving up interest ...More >>
NZ Dollar Outlook: Kiwi likely to stay in limbo
Mon, 14 Oct 2013 12:30:43 +1300 | BusinessDesk
NZ Dollar Outlook: Kiwi likely to stay in limbo as outcome of US budget, debt talks uncertain More >>
Time for Nick Smith to listen up
Mon, 14 Oct 2013 09:00:55 +1300 | New Zealand Labour Party
With newly re-elected Auckland Mayor Len Brown adding his voice to those calling for first home buyers to be exempted from mortgage lending restrictions, it is time for Housing Minister Nick Smith to sit up and take notice, says Labour’s Housing ...More >>
NZ dollar edges up as investors eye US political stalemate
Thu, 10 Oct 2013 09:00:45 +1300 | BusinessDesk
Oct. 10 (BusinessDesk) – The New Zealand dollar edged up as investors continue to await the outcome of stalled budget talks in the US, as the deadline for lifting the US debt ceiling approaches. More >>
Lending restrictions now in place as values continue to rise
Wed, 9 Oct 2013 12:27:04 +1300 | QV Valuations
The latest monthly property value index shows that nationwide residential values for September have increased 8.4% over the past year, and 2.6% over the past three months, and so are now 9.2% above the previous market peak of late 2007. When adjusted ...More >>
Reserve Bank report opens the door for Credit Union change
Tue, 8 Oct 2013 15:50:24 +1300 | NZ Association of Credit Unions
A recent Reserve Bank of New Zealand 79 page report partially opens the door for ‘bank-like’ credit unions and building societies to directly report to the Reserve Bank and states “there is potentially a stronger case for a separate continuous ...More >>
How National Learnt to Hate Young People
Mon, 7 Oct 2013 09:44:40 +1300 | Salient
It’s not unusual to see National hating on specific categories of New Zealanders. Under this National Government, there has been hardly a group of people who haven’t been targeted by cuts, a ‘crackdown’ or a punitive policy.More >>
Werewolf Edition 43 Out Now! - Trans Pacific Turkey
Thu, 3 Oct 2013 11:29:49 +1300 | Werewolf
Hi and welcome to the 43rd edition of Werewolf, and an issue in which we once again - just like we did last summer - take an in-depth look at the Trans Pacific Partnership trade talks .More >>
Treasury support modernisation of Reserve Bank governance
Thu, 3 Oct 2013 10:30:39 +1300 | Green Party
Treasury recommendations to modernise the Reserve Bank align with Green Party legislation that will require the bank to move a board governance model and regularly publish its minutes, the Green Party said today.More >>
NZ dollar jumps as Wheeler ties LVR failure to higher rates
Thu, 3 Oct 2013 08:53:38 +1300 | BusinessDesk
NZ dollar jumps after Wheeler warns rates may rise more rapidly if LVR limits fail More >>
NZ’s tepid productivity drives down ‘neutral’ interest rates
Wed, 2 Oct 2013 17:59:54 +1300 | BusinessDesk
Oct. 2 (BusinessDesk) – Neutral interest rates in New Zealand, the theoretical level of borrowing costs that neither stimulates nor restricts the economy, have fallen in recent years and the nation’s weak productivity growth is the most likely ...More >>
Commentary on new loan-to-value ratio restrictions
Wed, 2 Oct 2013 17:00:35 +1300 | Victoria University of Wellington
The introduction of the new loan-to-value ratio (LVR) restrictions by the Reserve Bank of New Zealand (RBNZ) this week has received much media commentary—both for and against. The idea (as with other monetary policy instruments such as interest ...More >>
Reserve Bank moves to protect banks
Wed, 2 Oct 2013 16:17:18 +1300 | Democrats for Social Credit
“The Reserve Bank’s new housing deposit policy that came into force yesterday requiring a minimum of 20 percent deposit on mortgages has nothing to do with trying to contain a housing bubble driven by Auckland property prices” said Chris Leitch, ...More >>
New house deposit rules a travesty for low income whanau
Tue, 1 Oct 2013 16:55:45 +1300 | The Maori Party
The Maori Party say that the Reserve Bank’s new rules on house deposits which came into force today discriminates against low and medium income earners trying to buy their first home and are another example of economic policy with disastrous social ...More >>
Housing announcement a desperate distraction
Tue, 1 Oct 2013 13:27:32 +1300 | New Zealand Labour Party
National is selling off one hundred dilapidated state houses a year in places like Otorohanga and Invercargill where there is no housing crisis, Labour’s Housing spokesperson Phil Twyford says.More >>
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