Latest Reserve Bank Headlines

UPDATE: 'Slack' labour market keeps door open for rate cuts

Wed, 5 Aug 2015 13:12:13 +1200 | BusinessDesk

Aug. 5 (BusinessDesk) - New Zealand's slackening labour market gives the Reserve Bank more reason to cut interest rates as wage hikes remain muted and jobs growth lags behind an expanding working population for the first time since September 2012.More >>

NZ dollar drops after dairy prices decline; US rate outlook

Wed, 5 Aug 2015 08:28:34 +1200 | BusinessDesk

Aug. 5 (BusinessDesk) - The New Zealand dollar dropped, hit by a double whammy as dairy prices declined further at the latest GlobalDairyTrade auction and after a report stoked speculation the Federal Reserve would hike interest rates next month.More >>

RBA keeps cash rate at 2%, tones down currency talk

Tue, 4 Aug 2015 17:09:49 +1200 | BusinessDesk

Aug. 4 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a third month, while dropping reference to its currency needing to decline further. The Australian dollar gained after the statement.More >>

BERL forecasts cyclical slowdown

Tue, 4 Aug 2015 13:53:30 +1200 | BERL

While New Zealand’s economic growth for the next couple of years will be slower than in recent times it is set to remain positive, according to BERL’s latest assessment of the situation and prospects for the New Zealand economy. More >>

NZ dollar jumps higher after weak US employment cost data

Mon, 3 Aug 2015 08:50:56 +1200 | BusinessDesk

Aug. 3 (BusinessDesk) - The New Zealand dollar jumped higher after weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.More >>

Mortgage statistics need careful interpretation

Thu, 30 Jul 2015 10:17:56 +1200 | NZ Property Investors Federation

Latest Reserve Bank lending data released this week has shown that, over the last year, the proportion of lending to investors has risen from 29 percent to 33 per cent. This has led some to believe that property investment is rampant and a major ...More >>

NZ dollar falls as upbeat Fed drives greenback higher

Thu, 30 Jul 2015 08:49:56 +1200 | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly ...More >>

Reserve Bank’s failings hurting businesses and households

Wed, 29 Jul 2015 09:52:14 +1200 | Green Party

New information released by the Green Party today shows that the Reserve Bank has failed to forecast inflation accurately over the last four years meaning interest rates have been kept higher than necessary, hurting businesses and households.More >>

Monetary policy supporting growth and inflation goal

Wed, 29 Jul 2015 09:17:13 +1200 | Reserve Bank

The Reserve Bank today confirmed that at this stage some further monetary policy easing is likely to be required to maintain New Zealand’s economic growth around its potential, and return CPI inflation to its medium-term target level.More >>

NZ dollar gains before Wheeler speech, as stocks rebound

Wed, 29 Jul 2015 08:34:23 +1200 | BusinessDesk

July 29 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler, on speculation he may soften his language about an easing bias, and after stocks rebounded and commodities gained.More >>

Q + A: 'Fatal combination' - immigrants, building shortage

Sun, 26 Jul 2015 11:45:00 +1200 | TVNZ

SIMON The Reserve Bank cut the Official Cash Rate again on Thursday, for the second time this year. Some critics say the bank should have been loosening up earlier, not least a former Reserve Bank economist who’s been making a name for himself ...More >>

NZ dollar heads for 1.1% weekly gain

Fri, 24 Jul 2015 17:07:17 +1200 | BusinessDesk

NZ dollar heads for 1.1% weekly gain as RBNZ takes softer approach to rate cuts More >>

RBNZ governor Wheeler to speak on outlook for NZ economy

Fri, 24 Jul 2015 15:32:47 +1200 | BusinessDesk

July 24 (BusinessDesk) - New Zealand Reserve Bank governor Graeme Wheeler will speak at a breakfast event at the Tauranga Chamber of Commerce next Wednesday about the outlook for the New Zealand economy, which will give him a chance to detail his thoughts ...More >>

HiFX Data Update - RBNZ Cuts OCR by 0.25% to 3.00%

Thu, 23 Jul 2015 10:01:52 +1200 | HiFX

The RBNZ have cut the Official Cash Rate (OCR) by 0.25% to 3.00%. The market has fully priced in a 0.25% rate cut. The key points in the RBNZ statement are: Growth outlook now softer than June policy statement NZ economy growing at annual rate of ...More >>

Official Cash Rate reduced to 3.0 percent

Thu, 23 Jul 2015 09:10:43 +1200 | Reserve Bank

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 3.0 percent. More >>

RBNZ’s Wheeler cuts OCR to 3% and flags more to come

Thu, 23 Jul 2015 09:09:54 +1200 | BusinessDesk

RBNZ’s Wheeler cuts OCR to 3% and flags more to come, says kiwi needs to keep falling More >>

Reserve Bank consults on Regulatory Stocktake

Tue, 21 Jul 2015 17:22:01 +1200 | Reserve Bank

The Reserve Bank today began public consultation on changes to its regulatory requirements that it expects will improve the efficiency of bank supervision and reduce banks’ costs.More >>

Gordon Campbell on Key talking up our - and China's - economy

Tue, 21 Jul 2015 10:16:45 +1200 | Gordon Campbell

Gordon Campbell on John Key trying to talk up our - and China’s – ailing economyMore >>

The FIRE Economy: New Zealand’s Reckoning - By Jane Kelsey

Fri, 17 Jul 2015 16:30:24 +1200 | Professor Jane Kelsey

The global economy imploded in 2008 and confirmed a stark reality. Entire nations and billions of people are captives of an unstable and amoral economic system powered by finance , insurance and real estate – FIRE. [1] New Zealand included.More >>

Banks surprise move on 30% equity LVRs shocks investors

Thu, 16 Jul 2015 17:20:46 +1200 | LoanPlan Mortgages and Finance

The mortgage door has closed suddenly for some mum and dad property investors with less than 30 per cent equity following an announcement by ASB last night that it will issue no more pre-approved mortgages for property investors in the Auckland ...More >>


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