Latest Reserve Bank Headlines

That’s all folks – OCR increases for 2014

Thu, 24 Jul 2014 16:55:51 +1200 | Mike Pero Real Estate

"Today's announcement by the Reserve Bank should be the last of the bad news for this year. More >>

Interest rate rise will hit the regions

Thu, 24 Jul 2014 12:08:36 +1200 | New Zealand Labour Party

The latest interest rate rise will hit the fragile regional economies of New Zealand and hurt exporters by putting more upward pressure on the exchange rate, says Labour’s Finance spokesperson David Parker.More >>

Period of OCR stability now needed

Thu, 24 Jul 2014 10:08:04 +1200 | Business NZ

Following today’s increase in the OCR, a period of stability would be positive for the economy, says BusinessNZ. Chief Executive Phil O’Reilly said a pause in the upward trajectory of the OCR was now called for. “The Reserve Bank has had ...More >>

NZ dollar falls after RBNZ says kiwi strength 'unjustified'

Thu, 24 Jul 2014 09:49:34 +1200 | BusinessDesk

July 24 (BusinessDesk) - The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified", invoking one of the central bank's criteria ...More >>

RBNZ hikes OCR to 3.5%, ‘period of assessment’ now needed

Thu, 24 Jul 2014 09:09:57 +1200 | BusinessDesk

July 24 (BusinessDesk) - Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was ...More >>

NZ dollar little changed as investors await Reserve Bank

Thu, 24 Jul 2014 08:20:05 +1200 | BusinessDesk

July 24 (BusinessDesk) - The New Zealand dollar is little changed as investors are reluctant to take positions ahead of the Reserve Bank's decision on interest rates this morning.More >>

NZ dollar slips before US CPI as OCR review looms

Tue, 22 Jul 2014 17:11:37 +1200 | BusinessDesk

July 22 (BusinessDesk) - The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world's biggest economy may have accelerated enough to bring forward the timing of interest rate hikes.More >>

RBNZ sees review of bank, non-bank regs complete by Sept 15

Tue, 22 Jul 2014 17:01:48 +1200 | BusinessDesk

July 22 (BusinessDesk) - The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they're as streamlined as possible given the layers of complexity added with the Basel III ...More >>

Strong migration data likely to seal OCR increase Thursday

Tue, 22 Jul 2014 13:26:22 +1200 | CMC Markets

The Kiwi continues to consolidate around 0.8700 in the lead up to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with the Reserve Bank’s June projections at +0.3% for the ...More >>

Strong migration data likely to seal OCR increase

Tue, 22 Jul 2014 10:23:44 +1200 | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi continues to consolidate around 0.8700 in the leadup to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with ...More >>

CTU Urges Reserve Bank Not to Raise Interest Rates

Tue, 22 Jul 2014 09:29:12 +1200 | NZCTU

The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. “Another rise in interest rates will raise the dollar further, striking another blow at high value manufacturing industries who are exporting or ...More >>

NZ dollar gains after Griffin's deal; rate review looms

Mon, 21 Jul 2014 17:22:48 +1200 | BusinessDesk

July 21 (BusinessDesk) - The New Zealand dollar rose as the $700 million sale of Griffin's Foods to a Philippines-based company stoked expectations of demand for the kiwi and as traders pondered the likely language the Reserve Bank will use if ...More >>

NZ annual migration at decade high as arrivals pass 100,000

Mon, 21 Jul 2014 11:55:19 +1200 | BusinessDesk

July 21 (BusinessDesk) - New Zealand's annual migration extended its decade highs in June, as a record number of arrivals pushed the net inflow above the 2014 peak estimated by the Treasury and the Reserve Bank. More >>

The RBNZ Observer: Expect another 25bp hike next week

Mon, 21 Jul 2014 10:22:09 +1200 | HSBC Bank

New Zealand is booming. Q1 GDP rose by a strong +3.8% y-o-y and timely indicators suggest that this pace probably continued into Q2. The GDP numbers, which were released since the last RBNZ announcement, confirmed that construction activity has been a ...More >>

NZ dollar steady as investors await RBNZ rate decision

Mon, 21 Jul 2014 08:36:21 +1200 | BusinessDesk

July 21 (BusinessDesk) - The New Zealand dollar is in for a quiet start to the week as traders look ahead to the looming Reserve Bank decision on interest rates on Thursday where a hike is expected.More >>

RBNZ caught in signalling dilemma as kiwi shines

Fri, 18 Jul 2014 11:33:43 +1200 | BusinessDesk

July 18 (BusinessDesk) - The Reserve Bank will probably raise the official cash rate again on July 24 while trying not to polish the appeal of a New Zealand dollar that stands out in a world where most central banks have record low interest rates.More >>

NZ dollar trades below 87 US cts as rate hike bets slow

Thu, 17 Jul 2014 17:26:32 +1200 | BusinessDesk

NZ dollar trades below 87 US cts amid speculation on slower pace of rate hikes More >>

NZ dollar holds near 87 US cts as RBNZ 'pauses' mulled

Thu, 17 Jul 2014 08:58:37 +1200 | BusinessDesk

July 17 (BusinessDesk) - The New Zealand dollar held near 87 US cents, having shed more than 1 US cent yesterday, as traders mulled the prospects of a pause in the Reserve Bank's tightening cycle given milder-than-expected inflation, weak dairy ...More >>

New Zealand's CPI still contained, but another hike likely

Wed, 16 Jul 2014 13:20:24 +1200 | HSBC Bank

New Zealand's inflation has remained surprisingly contained, with today's Q2 CPI lower than the market expected. The CPI rose by +1.6% y-o-y in Q2 (market had +1.8%), so remains in the lower half of the RBNZ's 1-3% target band.More >>

UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls

Wed, 16 Jul 2014 11:56:40 +1200 | BusinessDesk

UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls as rate hikes questioned More >>

 

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