Latest Reserve Bank Headlines

Challenging market conditions drive drop in bank profits

Thu, 16 Feb 2017 09:15:23 +1300 | KPMG

After achieving an all-time record profit of $5.17 billion in 2015, KPMG’s Financial Institutions Performance Survey (FIPS) reveals New Zealand banks’ profits decreased slightly in 2016. As banks managed challenging market conditions, net profit after ...More >>

Could Wheeler be last RBNZ governor to call the shots alone?

Fri, 10 Feb 2017 22:35:49 +1300 | BusinessDesk

Feb. 10 (BusinessDesk) - Departing Reserve Bank governor Graeme Wheeler could be the last to have sole decision-making authority on monetary policy as opposition MPs call for a move to a board decision model such as Australia uses and seek an ...More >>

NZ dollar falls sharply after RBNZ dampens expectations

Fri, 10 Feb 2017 08:28:25 +1300 | BusinessDesk

Feb. 9 (BusinessDesk) - The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower. More >>

Trade protectionism biggest uncertainty for RBNZ

Thu, 9 Feb 2017 16:03:39 +1300 | BusinessDesk

Feb. 9 (BusinessDesk) - A growing tide of trade protectionism led by US president Donald Trump is one of the biggest uncertainties for New Zealand's Reserve Bank, governor Graeme Wheeler says.More >>

NZ dollar, swap rates fall after RBNZ statement

Thu, 9 Feb 2017 14:15:30 +1300 | BusinessDesk

NZ dollar, swap rates fall as RBNZ statement prompts traders to drop bets on early hike More >>

OCR Statement: Downplaying a sea of risks

Thu, 9 Feb 2017 11:12:52 +1300 | New Zealand First Party

The Reserve Bank is brushing aside multiple risks and uncertainties in the global economy, says New Zealand First Leader and Northland MP Rt Hon Winston Peters. More >>

Official Cash Rate unchanged at 1.75 percent

Thu, 9 Feb 2017 09:49:18 +1300 | The Reserve Bank of New Zealand

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. More >>

A chance for a Reserve Bank refresh

Wed, 8 Feb 2017 17:18:41 +1300 | Green Party

Graeme Wheeler’s departure presents a perfect time to consider what Reserve Bank reforms a new Governor can usher in. There are a number of central banking developments overseas which we can draw upon to refresh and modernise our own Bank. The top three ...More >>

Joyce seeks cost-benefit on debt-to-income lending rules

Wed, 8 Feb 2017 16:41:38 +1300 | BusinessDesk

Feb. 8 (BusinessDesk) - Finance Minister Steven Joyce wants a full cost-benefit analysis on proposed debt-to-income home lending limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the additional ...More >>

Mt Albert by-election, special voting has started

Wed, 8 Feb 2017 15:23:20 +1300 | Peter Wakeman

Wakeman say's could the media please do better than stating all the names of candidates running in the by-election as special voting started today for the Mt Albert by-election to be held on the 25/2/2017.More >>

Property Institute calls for review of Reserve Bank targets

Tue, 7 Feb 2017 17:31:00 +1300 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling upon Finance Minister Stephen Joyce to renegotiate the Government's target agreements with the Reserve Bank in light of today's announcement that current Governor, Graeme ...More >>

Big shake-up for RBNZ: Wheeler to Sept; Spencer to fill in

Tue, 7 Feb 2017 17:27:23 +1300 | BusinessDesk

Feb. 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler won't serve a second term and will be followed out the door by his deputy, Grant Spencer, who will fill in on a temporary basis while the next government hunts out a replacement. More >>

Future of RBNZ and Governor Stepping Down

Tue, 7 Feb 2017 16:38:47 +1300 | Peter Wakeman

Reserve Bank Governor Graeme Wheeler will step down at the end of his current term on September 26, Finance Minister Stephen Joyce confirmed today. More >>

HiFX Data Update - RBNZ Inflation Expectations - NZD higher

Tue, 7 Feb 2017 15:32:54 +1300 | HiFX

The RBNZ just released the results of their Q1 Inflation Expectations Survey. The inflation expectations were higher when compared with Q4 2016 figures. 1 year inflation expectations +1.56% (compared with Q4 +1.29%) 2 year inflation expectations +1.92% ...More >>

ACT congratulates Graeme Wheeler on his tenure

Tue, 7 Feb 2017 13:46:37 +1300 | ACT New Zealand

ACT has congratulated Graeme Wheeler on his tenure as Reserve Bank Governor. “During his tenure Mr Wheeler has dealt with unprecedented challenges,” says ACT Leader Seymour.More >>

Reserve Bank Governor not seeking another term

Tue, 7 Feb 2017 13:45:04 +1300 | The Reserve Bank of New Zealand

Reserve Bank Governor Graeme Wheeler today announced that he will not be seeking a second term as Governor when his current term ends on 26 September this year. More >>

Spencer to be Acting Governor of Reserve Bank

Tue, 7 Feb 2017 13:41:15 +1300 | New Zealand Government

Finance Minister Steven Joyce will appoint current Deputy Reserve Bank Governor Grant Spencer as the Acting Governor of the Bank for six months, following the expiry of current Governor Graeme Wheeler’s term on September 26 this year.More >>

Banks say bill to meet new outsourcing rules will top $870M

Fri, 3 Feb 2017 20:09:32 +1300 | BusinessDesk

NZ banks say bill to meet central bank's new outsourcing rules will top $870M More >>

RBNZ likely on hold

Fri, 3 Feb 2017 20:06:28 +1300 | BusinessDesk

Feb. 3 (BusinessDesk) - The Reserve Bank's view on where interest rates might go down the track will be the focus of attention at next Thursday's rate review, given it's widely expected to keep rates on hold at a record low 1.75 percent. More >>

Wellington sees 5.6% increase in average asking price

Wed, 1 Feb 2017 17:06:38 +1300 | realestate.co.nz

Nine out of 19 regions in New Zealand recorded an all-time high asking price in January, while prices in Auckland remained static. More >>

 

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