Latest Reserve Bank Headlines

Australian dollar above 'fundamental value', RBA says

Tue, 2 Sep 2014 17:18:12 +1200 | BusinessDesk

Sept. 2 (BusinessDesk) - The Reserve Bank of Australia strengthened its language on the Australian dollar, saying the currency was high relative to fundamental value, while at the same time sounding more upbeat about the local economy.More >>

NZ dollar buoyed by Fonterra plans to expand capacity

Thu, 28 Aug 2014 08:38:57 +1200 | BusinessDesk

Aug. 28 (BusinessDesk) - The New Zealand dollar rose after Fonterra Cooperative Group yesterday said it would maintain its milk price forecast, expand its local processing capacity and form a partnership to help sell its products in China, New Zealand's ...More >>

NZ food prices fall in July, cementing expectations on rates

Wed, 27 Aug 2014 12:21:23 +1200 | BusinessDesk

NZ food prices fall in July, cementing expectations interest rates are on hold till 2015 More >>

NZ dollar falls as expectations for rate hikes ease

Wed, 27 Aug 2014 08:51:37 +1200 | BusinessDesk

Aug. 27 (BusinessDesk) - The New Zealand dollar weakened overnight, weighed down by a rising US dollar and changing expectations for Reserve Bank interest rate rises. More >>

High LVR lending slips to 6.5% of new mortgages in July

Tue, 26 Aug 2014 16:11:41 +1200 | BusinessDesk

High LVR lending slips to 6.5% of new mortgages in July, RBNZ data shows More >>

NZ dollar falls as Yellen helps lift greenback

Mon, 25 Aug 2014 17:31:01 +1200 | BusinessDesk

Aug. 25 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Janet Yellen gave a more hawkish view of the US economy and tensions rose over Ukraine, sapping risk appetite. The kiwi extended its slide amid talk the central bank may ...More >>

NZ dollar's drop stokes talk of intervention

Mon, 25 Aug 2014 11:18:58 +1200 | BusinessDesk

Aug. 25 (BusinessDesk) - The New Zealand dollar dropped sharply in mid morning trade on Monday, shedding half a US cent in about five minutes and prompting speculation of Reserve Bank intervention.More >>

NZ dollar weakens as Fed's Yellen less dovish than expected

Mon, 25 Aug 2014 08:34:24 +1200 | BusinessDesk

Aug. 25 (BusinessDesk) - The New Zealand dollar weakened on US dollar strength after Federal Reserve chair Janet Yellen was less dovish than expected in her speech to an annual gathering of world central bankers at Jackson Hole, Wyoming.More >>

Digital Currency on the Drawing Board

Fri, 22 Aug 2014 11:53:13 +1200 | Internet Party

Government policies and digital currency ideas and issues will come together at three public workshops next week. More >>

High dollar, hands-off Govt sends workers to dole queue

Fri, 22 Aug 2014 09:40:33 +1200 | New Zealand Labour Party

The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale community, Labour’s Employment, Skills and Training spokesperson Grant Robertson says.More >>

100 jobs lost at Croxley as high Kiwi dollar keeps hurting

Thu, 21 Aug 2014 17:21:39 +1200 | Engineering Printing and Manufacturing Union

One hundred jobs will be lost at Croxley Stationery in Auckland, which is being forced to close by the high dollar and ongoing crisis in New Zealand manufacturing. More >>

NZ dollar falls as greenback rises amid weak dairy, rates

Wed, 20 Aug 2014 17:19:54 +1200 | BusinessDesk

NZ dollar falls as greenback rises; weak dairy, pause in rate hikes weigh on sentiment More >>

NZ dollar break below 90.50 Aust cts ahead of dairy auction

Tue, 19 Aug 2014 17:06:01 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar fell below a key support level against the Australian dollar and weakened against the greenback as traders took advantage of weaker producer prices and government economic forecasts to sell the kiwi ahead ...More >>

NZ inflation expectations dwindle as shine taken off economy

Tue, 19 Aug 2014 16:25:01 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn't have to rush to raise interest rates again.More >>

NZ dollar gains vs. British pound on lower BoE wage forecast

Thu, 14 Aug 2014 08:34:54 +1200 | BusinessDesk

NZ dollar gains vs. British pound as lower BoE wage forecast pulls back rate bets More >>

Provinces suffer from LVR restrictions

Wed, 13 Aug 2014 13:57:04 +1200 | Harcourts

Around the country our provincial sales are showing very clearly the negative effect loan-to-value restrictions have had in these fragile markets. More >>

New Zealand economics comment: More than just milk

Mon, 11 Aug 2014 13:30:25 +1200 | HSBC Bank

Falling dairy prices have created some doubts about the robustness of New Zealand’s economic boom. But it is worth keeping in mind that dairy is only one part of the economy’s recent growth story. Growth has also been driven by the post-earthquake ...More >>

Mixed signals, strong sales - 8 August

Fri, 8 Aug 2014 10:29:39 +1200 | Manufacturers and Exporters Association

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during July 2014, shows total sales in June 2014 increased 28.38% (year on year export sales increased by 30.45% with domestic sales increasing ...More >>

NZ dollar advances vs. euro as ECB keeps policy loose

Fri, 8 Aug 2014 08:34:05 +1200 | BusinessDesk

Aug. 8 (BusinessDesk) - The New Zealand dollar gained against the euro after the European Central Bank said it would keep interest rates at record lows and loose policy will remain in place for an extended period, widening the divergence with ...More >>

Residential property value increases slowdown

Thu, 7 Aug 2014 13:34:50 +1200 | QV Valuations

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for July have increased 7.6% over the past year and 2.3% over the past three months. This means they are now 15.6% above the previous market peak of ...More >>

 

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