Latest Reserve Bank Headlines

Auckland densification as popular as Ebola, English says

Thu, 26 Feb 2015 15:09:25 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be.More >>

NZ dollar rises after Yellen seen pushing back rate hikes

Thu, 26 Feb 2015 08:26:07 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - The New Zealand dollar rose, driven by weakness in the greenback after Federal Reserve chair Janet Yellen suggested the US central bank was in no hurry to raise interest rates.More >>

Auckland inner-city height restrictions weighing on supply

Wed, 25 Feb 2015 14:12:17 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - New Zealand's government has taken a number of good steps to improve housing supply in Auckland, where prices have soared on a lack of new stock, but could take a look at height restrictions in the inner-city to address ...More >>

NZ dollar falls as inflation expectations ease

Tue, 24 Feb 2015 17:15:11 +1300 | BusinessDesk

Feb. 24 (BusinessDesk) - The New Zealand dollar fell after inflation expectations dwindled in the Reserve Bank's latest survey of local firms, who didn't expect the central bank to raise interest rates this year, and ahead of US Federal Reserve chair ...More >>

NZ firms again lower their inflation expectations

Tue, 24 Feb 2015 16:20:33 +1300 | BusinessDesk

Feb. 24 (BusinessDesk) - New Zealand businesses have again trimmed their expectations for inflation over the next two years and don't expect the central bank will need to raise interest rates this year.More >>

NZ dollar muted as investors await Fed's Yellen testimony

Tue, 24 Feb 2015 08:13:30 +1300 | BusinessDesk

Feb. 24 (BusinessDesk) - The New Zealand dollar was little changed as investors await US Federal Reserve chair Janet Yellen's semi-annual testimony to US lawmakers for clues as to when the world's largest economy may raise interest rates.More >>

New coloured Anzac 50c coin available online to the public

Mon, 23 Feb 2015 15:53:09 +1300 | New Zealand Post

23 February, 2015 New coloured Anzac 50c coin available online to the public today New Zealand’s first ever coloured coin, officially launched earlier this month to mark 100 years since the Gallipoli landings, is available to the public for pre-order ...More >>

NZ manufacturers suffer as dollar parity looms

Tue, 17 Feb 2015 16:59:32 +1300 | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand manufacturing exporters are facing record headwinds from the kiwi's strength against the Australian dollar, with foreign exchange traders and strategists almost evenly split on whether the currencies will reach parity.More >>

Property Institute wants LVRs scrapped in Provinces

Tue, 17 Feb 2015 10:40:26 +1300 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling for the Reserve Banks Loan-to-value mortgage restrictions to be scrapped in the regions claiming that they are having an ‘unreasonable and adverse impact’ on first home ...More >>

NZ dollar hits new record vs. A$ as parity seen possible

Tue, 17 Feb 2015 08:47:49 +1300 | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand dollar rose to a record against the Australian dollar as investors favour the outlook for the local economy, increasing the possibility the two currencies may reach parity.More >>

NZ house sales rise 2.6% in Jan, median price dips from Dec

Wed, 11 Feb 2015 15:35:18 +1300 | BusinessDesk

Feb. 11 (BusinessDesk) - New Zealand residential property sales rose in January from the same month last year, while data confirmed house prices in Auckland continue to gallop ahead of the rest of the country.More >>

TSB Bank Launches NZ's First 10 Year Fixed Rate Home Loan

Fri, 6 Feb 2015 11:29:48 +1300 | TSB Bank

TSB Bank has today announced its offer of a 10 year fixed rate home loan, a first for the New Zealand market. More >>

NZ dollar touches 3-week high vs. Aussie on rate tracks

Thu, 5 Feb 2015 08:46:27 +1300 | BusinessDesk

Feb. 5 (BusinessDesk) - The New Zealand dollar hit a three-week high against the Aussie after New Zealand's Reserve Bank reiterated that interest rates are expected to remain on hold for "some time", in the same week that Australia cut ...More >>

NZ dollar rises after WMP gains, Wheeler downplays rate-cut

Wed, 4 Feb 2015 17:33:00 +1300 | BusinessDesk

Feb. 4 (BusinessDesk) - The New Zealand dollar rose against most major currencies after the price of whole milk powder jumped in the latest auction, sentiment for the greenback waned and Reserve Bank governor Graeme Wheeler said keeping interest ...More >>

Government must act on RB Governor’s call

Wed, 4 Feb 2015 14:36:10 +1300 | New Zealand Labour Party

The Government may have ignored the pleas of first home buyers to take action on the housing crisis, but it will struggle to ignore the Reserve Bank Governor who said ‘much more needs to be done’ to get more homes built, says Labour’s Finance ...More >>

Economic prospects good, risks more complex

Wed, 4 Feb 2015 13:55:09 +1300 | Reserve Bank

New Zealand’s economic prospects are good for continued steady growth, falling unemployment and low inflation. But risks and uncertainties around the global economy are becoming more complex, presenting considerable challenges for New Zealand enterprises, ...More >>

Wheeler says keeping interest rates on hold ‘prudent'

Wed, 4 Feb 2015 13:16:53 +1300 | BusinessDesk

Feb. 4 (BusinessDesk) - Reserve Bank governor Graeme Wheeler acknowledged calls to cut interest rates, given the tumbling price of crude oil, before arguing that keeping rates on hold was the most prudent option given the potential for domestic inflation ...More >>

NZ dollar jumps almost 2 US cents after milk prices rise

Wed, 4 Feb 2015 08:36:02 +1300 | BusinessDesk

NZ dollar jumps almost 2 US cents after whole milk powder prices rise in GDT auction More >>

NZ dollar drops vs. US, gains vs. Aussie after RBA cut

Tue, 3 Feb 2015 17:32:49 +1300 | BusinessDesk

NZ dollar drops vs. greenback, gains vs. Aussie after RBA cuts key rate to 2.25% More >>

RBA cuts key rate to 2.25% citing weak domestic demand

Tue, 3 Feb 2015 17:14:19 +1300 | BusinessDesk

Feb. 3 (BusinessDesk) - The Reserve Bank of Australia cut its cash rate to a record low, saying weak domestic demand and tame inflation in the face of falling crude oil prices will keep output growth below trend for longer. The Australian dollar ...More >>


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