Latest Reserve Bank Headlines

Bascand: Brighter Money

Thu, 20 Nov 2014 14:44:39 +1300 | Reserve Bank

Seeing people’s initial reactions to the new banknote designs is a heartening reminder of what an important role currency plays in our lives, and what a sense of pride and heritage our notes evoke. More >>

RBNZ releases Brighter Money designs

Thu, 20 Nov 2014 14:43:15 +1300 | Reserve Bank

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More >>

Bank of China unit becomes 25th lender registered in NZ

Tue, 18 Nov 2014 10:02:21 +1300 | BusinessDesk

Nov. 18 (BusinessDesk) - BOC (New Zealand), a unit of state-owned Bank of China, has become the 25th lender to be granted a licence by the Reserve Bank of New Zealand. More >>

RESEND: NZ inflation likely to revive with labour market

Sun, 16 Nov 2014 09:05:10 +1300 | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand inflation, which unexpectedly fell to the bottom of the Reserve Bank's target band in the third quarter, is likely to pick up again as pressures emerge in the labour market, Finance Minister Bill English said.More >>

NZ inflation may pick up with labour market pressures

Sun, 16 Nov 2014 08:38:01 +1300 | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand inflation, which unexpectedly fell to the bottom of the Reserve Bank's target band in the third quarter, is likely to pick up again as pressures emerge in the labour market, Finance Minister Bill English said.More >>

The Government has to listen to Olly

Fri, 14 Nov 2014 10:59:50 +1300 | New Zealand Labour Party

When even hard boiled property investors like Olly Newland say first home buyers have been shafted by Loan to Value Ratio lending restrictions, surely it is time for the Government to listen, says Labour's housing spokesperson Phil Twyford.More >>

NZ dollar gains vs. sterling as investors cut UK outlook

Fri, 14 Nov 2014 08:44:34 +1300 | BusinessDesk

Nov. 14 (BusinessDesk) - The New Zealand dollar popped above 50 British pence, touching its highest level in almost two months, as weaker UK housing data added to concerns about the outlook for the country's economy and dented the prospect of higher interest ...More >>

REINZ boss O'Sullivan says first-home buyers could give up

Thu, 13 Nov 2014 18:28:35 +1300 | BusinessDesk

Nov. 13 (BusinessDesk) - Departing Real Estate Institute chief executive Helen O’Sullivan said the Reserve Bank’s decision to continue the loan-to-value ratio restrictions on home loans could see some first-home buyers give up on the idea of ever owning ...More >>

Reserve Bank wrong on immigration

Thu, 13 Nov 2014 17:11:05 +1300 | NZ Association for Migration and Investment

NZAMI, New Zealand's leading professional association for immigration specialists, says the Reserve Bank statement regarding immigration having a big impact on house prices appears to lack an understanding that this is only one factor when looking ...More >>

NZ payments systems ripe for regulation, Orwell CEO says

Thu, 13 Nov 2014 16:28:20 +1300 | BusinessDesk

Nov. 13 (BusinessDesk) - New Zealand's payments and settlements system is lagging behind the rest of the world in terms of regulation, and a new framework is needed for a sector that's undergoing rapid change, according to the head of London-based ...More >>

National property market analysis November 2014

Thu, 13 Nov 2014 14:39:51 +1300 | Harcourts

The Reserve Bank’s announcement yesterday that LVR restrictions will not be lifted is hard news for provincial New Zealand, where written sales and prices continue to dip or remain stagnant.More >>

LVR speed limits important

Thu, 13 Nov 2014 10:48:37 +1300 | NZMEA

The Reserve Bank of New Zealand (RBNZ) announced yesterday that LVR lending restrictions on banks would remain unchanged for now. This is important for keeping pressure off the OCR - the interplay of this and other macro-prudential tools should always be ...More >>

Governor points finger at National on supply

Wed, 12 Nov 2014 14:31:56 +1300 | New Zealand Labour Party

The Reserve Bank Governor has admitted he had to keep loan to value mortgage restrictions in place because the Government’s attempts to increase housing has fallen ‘a long way short’, says Labour's Housing spokesperson Phil Twyford.More >>

NZ dairy farmers strong enough to endure bad season: Spencer

Wed, 12 Nov 2014 14:08:50 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - New Zealand's dairy farmers have strong enough balance sheets to cope with one season of low payout, but could struggle if they have to tighten their belts for longer, according to the Reserve Bank.More >>

Reserve Bank’s dairy warning must be heard

Wed, 12 Nov 2014 12:34:40 +1300 | New Zealand Labour Party

The Reserve Bank’s warning that falling dairy prices are creating greater risks for the New Zealand economy must be taken seriously by Bill English and John Key, says Labour’s Finance spokesperson David Parker.More >>

Treasury advised to revisit work on deposit insurance

Wed, 12 Nov 2014 11:50:03 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - A review of the Treasury's fiscal policy advice has recommended the government's financial adviser revisits its work on deposit insurance in tandem with the Reserve Bank, saying the issue remains a concern in the unlikely event of ...More >>

UPDATE: RBNZ keeps LVR restrictions in place

Wed, 12 Nov 2014 11:10:07 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - The Reserve Bank will retain restrictions on low-equity mortgage lending because governor Graeme Wheeler continues to see risks in the housing market, particularly given strong migration flows.More >>

National’s housing failure keeps LVRs in place

Wed, 12 Nov 2014 10:27:49 +1300 | New Zealand Labour Party

National’s housing failure keeps LVRs in place The Reserve Bank’s decision to leave loan-to-value ratio mortgage restrictions in place is further confirmation of National’s housing policy fiasco, Labour’s Housing spokesperson Phil Twyford ...More >>

NZ burgeoning commercial property market stokes development

Wed, 12 Nov 2014 09:19:34 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - New Zealand commercial property prices and sales have been increasing in the past six months, boosted by interest from foreign investors, which in turn has ignited appetite for development in a sector which has been lacklustre ...More >>

RBNZ keeps LVR restrictions in place as housing risks remain

Wed, 12 Nov 2014 09:15:34 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - The Reserve Bank will retain restrictions on low-equity mortgage lending because governor Graeme Wheeler continues to see risks in the housing market, particularly given strong migration flows. More >>

 

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