Latest Reserve Bank Headlines

NZ dollar falls to fresh 5-year low on Greek uncertainty

Mon, 29 Jun 2015 08:43:12 +1200 | BusinessDesk

NZ dollar falls to fresh 5-year low as investors seek safe haven assets on Greece uncertainty More >>

Kiwi currency still 'unjustifiable', 'unsustainable': RBNZ

Fri, 26 Jun 2015 12:45:00 +1200 | BusinessDesk

June 26 (BusinessDesk) - New Zealand's Reserve Bank reiterated that the local currency is at "unjustifiable and unsustainable levels", conditions that need to be met for it to intervene in the foreign exchange market.More >>

Restrictions on High LVR Lending Information Release

Fri, 26 Jun 2015 11:09:45 +1200 | New Zealand Treasury

There have been two information releases relating to the Reserve Bank of New Zealand's (RBNZ) restrictions on high loan-to-value ratio (LVR) lending. More >>

Government inaction leads to blurring of roles

Fri, 26 Jun 2015 10:55:42 +1200 | New Zealand Labour Party

The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says.More >>

Reserve Bank sets out its priorities

Fri, 26 Jun 2015 09:57:21 +1200 | Reserve Bank

Reserve Bank sets out its priorities The Reserve Bank has outlined its priorities and initiatives that will enable it to achieve its goals in the Statement of Intent (SOI) for 2015-2018 , Governor Graeme Wheeler said today. The Reserve Bank contributes ...More >>

Reserve Bank Bulletin

Thu, 25 Jun 2015 11:14:14 +1200 | Reserve Bank

Reserve Bank Bulletin covers recent history of bank capital requirements The Reserve Bank today published an article in the Reserve Bank Bulletin that describes the Reserve Bank’s implementation of the Basel III capital requirements. Capital requirements ...More >>

NZ dollar touches fresh five-year low on US rate outlook

Wed, 24 Jun 2015 08:33:55 +1200 | BusinessDesk

June 24 (BusinessDesk) - The New Zealand dollar touched a fresh five-year low as the greenback strengthened on optimism the Federal Reserve may raise interest rates as early as September.More >>

Payment times plummet

Tue, 23 Jun 2015 09:30:57 +1200 | Dun and Bradstreet

Commercial cash flow appears to be in rude health, with analysis of invoice payments revealing that businesses are paying each other with record speed, although continued falls in dairy prices are expected to affect future performance.More >>

NZ dollar touches fresh five-year low on rate outlook

Tue, 23 Jun 2015 08:41:56 +1200 | BusinessDesk

NZ dollar touches fresh five-year low as traders price in more interest rate cuts More >>

PM’s Presser: Saudi Sheep Scandal still Labour’s Fault.

Mon, 22 Jun 2015 17:37:45 +1200 | Francis Cook

The Prime Minister today conceded he had gotten the numbers wrong about refugee intake on a radio interview this morning. Mr Key said there would be talks about raising the number but insisted that the cost runs up to $58m annually to settle refugees ...More >>

NZ above-average growth won't stop RBNZ rush to cut rates

Thu, 18 Jun 2015 13:16:22 +1200 | BusinessDesk

NZ economic growth above OECD average won't stop RBNZ rushing to cut rates again, economists say More >>

Below 5% interest rates now inevitable

Wed, 17 Jun 2015 15:20:55 +1200 | GBSA

Below 5% interest rates now inevitable Last week’s reduction of the Official Cash Rate for the first time in four years is the start of mortgage interest rates falling below five percent for many homeowners over the coming months, predicts Auckland ...More >>

Kiwibank cuts floating mortgage rates

Fri, 12 Jun 2015 10:35:09 +1200 | Kiwibank

Kiwibank has immediately matched the cut in the Official Cash Rate, reducing its floating mortgages rates (variable and revolving) from 6.65% p.a. to 6.40% p.a. More >>

Gordon Campbell on why the Reserve Bank cut interest rates

Fri, 12 Jun 2015 10:18:23 +1200 | Gordon Campbell

All hail Graeme Wheeler. Because at some point this year, the government appears to have contracted out all the major decisions to do with running New Zealand to the un-elected Governor of the Reserve Bank. A housing crisis in Auckland? The government ...More >>

Wheeler says inflation, commodities, kiwi key to rate track

Thu, 11 Jun 2015 15:13:50 +1200 | BusinessDesk

June 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is watching a number of indicators including inflation signals, commodity prices and the falling currency in gauging whether to cut interest rates again.More >>

Property Institute welcomes drop in OCR

Thu, 11 Jun 2015 12:05:39 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed the Reserve Bank’s decision to cut the OCR by .25% to 3.25% More >>

Ball back in Govt’s court to fix Auckland housing crisis

Thu, 11 Jun 2015 10:31:55 +1200 | Green Party

The decision to cut the Official Cash Rate (OCR) today is the right one but will add fuel to Auckland’s rapidly rising house prices unless central government acts swiftly and smartly, the Green Party said today. The Reserve Bank Governor reduced ...More >>

Reserve Bank Admits It’s Been Wrong

Thu, 11 Jun 2015 10:27:58 +1200 | New Zealand First Party

The Reserve Bank’s cut to the official cash rate is an admission it has been wrong all along, says New Zealand First. “Today’s action is way too little, way too late,” says New Zealand First Leader and Member of Parliament for Northland, Rt ...More >>

UPDATE: RBNZ cuts OCR on weak dairy outlook

Thu, 11 Jun 2015 09:47:50 +1200 | BusinessDesk

June 11 (BusinessDesk) - The Reserve Bank cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from ...More >>

RBNZ cuts OCR by 0.25% to 3.25% - NZD smashed lower

Thu, 11 Jun 2015 09:36:40 +1200 | HiFX

The RBNZ have cut the Official Cash Rate (OCR) by 0.25% to 3.50%. The market was evenly divided between a rate hike and staying pat. The key points in the RBNZ statement are:More >>

 

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