Latest Reserve Bank Headlines

Overvalued Exchange Rate Matters

Wed, 24 Aug 2016 13:36:41 +1200 | Manufacturers and Exporters Association

The New Zealand dollar remains overvalued and has risen close to the TWI 15 month high experienced last month, following comments from the Reserve Bank of New Zealand yesterday lowering expectations of significant OCR cuts. The effect of our high and ...More >>

NZD dips below 73 US cts as RBNZ sticks to rate track

Wed, 24 Aug 2016 09:33:09 +1200 | BusinessDesk

Aug. 24 (BusinessDesk) - The New Zealand dollar gave up some of its gains, dipping below 73 US cents, after Reserve Bank governor Graeme Wheeler backed his interest rate path as erring on the side of caution. More >>

NZD climbs above 73 US cents as Wheeler sticks to his guns

Tue, 23 Aug 2016 17:31:00 +1200 | BusinessDesk

NZ dollar climbs above 73 US cents as Wheeler sticks to his guns, Yellen looms More >>

Wheeler Waves the White Flag

Tue, 23 Aug 2016 13:30:40 +1200 | New Zealand First Party

The Governor of the Reserve Bank, Graeme Wheeler has waved the white flag over interest rates, housing and the high Kiwi dollar, says New Zealand First. “The Reserve Bank has announced that they’re just a spectator when they ought to be a player,” ...More >>

Government needs to show leadership on monetary policy

Tue, 23 Aug 2016 13:28:35 +1200 | New Zealand Labour Party

The Reserve Bank’s struggles to meet its inflation target, the rising exchange rate and the continued housing crisis shows current monetary policy needs to be reviewed - with amendments to the policy targets agreement a bare minimum, says Labour’s ...More >>

Monetary policy faces challenges in turbulent times

Tue, 23 Aug 2016 12:19:45 +1200 | The Reserve Bank of New Zealand

Monetary policy faces challenges in turbulent times Monetary policy challenges extend well beyond the normal parameters and stresses envisaged when policy frameworks were designed and inflation goals were first specified, Reserve Bank Governor Graeme Wheeler ...More >>

RBNZ's pathway to lower interest rates not too fast

Tue, 23 Aug 2016 10:08:40 +1200 | BusinessDesk

Aug. 23 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has defended his approach to cutting interest rates, saying New Zealand's interest rate differential is too high to leave things as is, but a more aggressive stance ran the risk of destabilising ...More >>

NZ dollar gains ahead of Wheeler speech

Tue, 23 Aug 2016 09:16:33 +1200 | BusinessDesk

Aug. 23 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler which may hint at the timing of further easing, with at least one further cut expected this year.More >>

Developer demand for bank-alternative mortgages surges

Mon, 22 Aug 2016 15:16:01 +1200 | Omega Capital

An environment characterised by soaring demand for housing and a passive stance imposed by New Zealand’s trading banks has placed companies like Omega Capital Corporation in a position of strength.More >>

NZD heads for 1.1% weekly gain with interest rate advantage

Fri, 19 Aug 2016 17:23:03 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar is heading for a 1.1 percent weekly gain against the greenback as the country's relatively high yields continue to attract investors in search of decent returns in a world where major central banks are running ...More >>

Bulletin article evaluates forecasting performance

Thu, 18 Aug 2016 11:59:51 +1200 | Reserve Bank

The article uses forecasts from a suite of statistical models as a benchmark to evaluate the performance of forecasts prepared for the Reserve Bank’s quarterly Monetary Policy Statements.More >>

Free Press - 15/08/2016

Mon, 15 Aug 2016 12:01:06 +1200 | ACT New Zealand

Growing Shoots The number one determinant of educational success is school leadership and teacher quality, and New Zealand has one of the most unequal education systems in the world. Thankfully this Government, with ACT’s pressure and support is opening ...More >>

LVR start date deferred until 1 October 2016

Fri, 12 Aug 2016 13:36:30 +1200 | Reserve Bank

The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.More >>

NZ dollar falls as traders ponder future interest rate

Fri, 12 Aug 2016 09:24:13 +1200 | BusinessDesk

Aug. 12 (BusinessDesk) - The New Zealand dollar fell back to where it was before yesterday's interest rate cut on expectations a strong currency will ensure the Reserve Bank remains determined to narrow the country's interest rate advantage over its ...More >>

NZ dollar hits 15-month high after rate cut disappoints

Thu, 11 Aug 2016 17:21:07 +1200 | BusinessDesk

The New Zealand dollar rose to a 15-month high after the Reserve Bank's quarter-point rate cut disappointed some traders who had been picking an even bigger reduction to the official cash rate. More >>

ANZ, Westpac limit mortgage rate cuts

Thu, 11 Aug 2016 15:56:05 +1200 | BusinessDesk

Aug. 11 (BusinessDesk) - Two of New Zealand's major banks have rewarded savers more than borrowers in the wake of the cut to the official cash rate by upping the interest rate for deposits while making more modest reductions to mortgage rates.More >>

NZ among the few nations yet to hit limits

Thu, 11 Aug 2016 15:24:21 +1200 | BusinessDesk

Aug. 11 (BusinessDesk) - The Reserve Bank of New Zealand still has room to move on monetary policy unlike many central banks that have already pulled their policy levers to the limits of their effective range, governor Graeme Wheeler says. More >>

Westpac drops floating rates, offers term deposit special

Thu, 11 Aug 2016 12:39:53 +1200 | Westpac

Westpac is reducing its floating mortgage rates and introducing a new six month term deposit special following the Reserve Bank of New Zealand’s change to the Official Cash Rate today.More >>

Cutting Interest Rates Now a Blunt Axe

Thu, 11 Aug 2016 12:21:46 +1200 | New Zealand First Party

There is a sea of trouble in the international economic outlook. Brexit, sluggish global growth and deep indebtedness are all adding to the mood of uncertainty, says New Zealand First Leader and MP for Northland Rt Hon Winston Peters.More >>

Wheeler nudges banks to pass benefits of cut to customers

Thu, 11 Aug 2016 12:01:12 +1200 | BusinessDesk

Aug. 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says he expects lenders to pass on to their customers most of today's quarter-point cut to the official cash rate. More >>


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