RBNZ Governor Wheeler media conference post RBNZ OCR meeting

Press Release – HiFX

The Reserve Bank Governor Graeme Wheeler has just held his post RBNZ OCR meeting media conference. His key points are: Would like to see most of interest rate cut passed on by banks to customers Did not seriously consider 50 bps rate cut … Read more »

OCR cut piles pressure on Government

Press Release – New Zealand Labour Party

Todays OCR cut must be backed by Government action on housing and economic growth, says Labours Finance spokesperson Grant Robertson. Read more »

Tepid inflation expectations in future rate cut equation

Article – BusinessDesk

Aug. 11 (BusinessDesk) – Reserve Bank governor Graeme Wheeler signalled another interest rate cut will follow today’s quarter-point reduction, and that he may need to plumb ever-lower depths if the kiwi dollar continues to fly against projections or inflation … Read more »

Reserve Bank forced to act because National won’t

Press Release – Green Party

The Reserve Bank was forced to cut the Official Cash Rate (OCR) today in a bid to drive down the high New Zealand dollar and address growing imbalances in the New Zealand economy, the Green Party said today. Read more »

UPDATE: NZ dollar soars as Wheeler cuts OCR to 2%

Article – BusinessDesk

Aug. 11 (BusinessDesk) – The New Zealand dollar soared more than 1 US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate to 2 percent, as expected, and said further easing is required, still a less-dovish statement than … Read more »

RBNZ cuts Official Cash Rate by 0.25%

Press Release – HiFX

The RBNZ have cut the Official Cash Rate (OCR) by 0.25% to a new record low of 2.00%. This was widely expected, despite calls for a large The key points in the RBNZ statement are: RBNZ cuts the OCR by 0.25% to 2.00% Further policy easing will be required … Read more »

NZ dollar soars as Wheeler cuts OCR to 2%

Article – BusinessDesk

Aug. 11 (BusinessDesk) – The New Zealand dollar soared more than 1 US cents after Reserve Bank governor Graeme Wheeler cut the official cash rate to 2 percent, as expected, and said further easing is required, still a less-dovish statement than … Read more »

Official Cash Rate reduced to 2.0 percent

Press Release – Reserve Bank

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.0 percent. Read more »

NZ dollar gains as markets second-guess Wheeler on rates

Article – BusinessDesk

Aug. 10 (BusinessDesk) – The New Zealand dollar rose ahead of tomorrow’sReserve Bank monetary policy statement, where governor Graeme Wheeler is expected to cut the official cash rate and signal more will follow. Read more »

OCR cut would be vote of no confidence in economy

Press Release – New Zealand Labour Party

If Reserve Bank Governor Graeme Wheeler cuts the OCR tomorrow it would show that, despite his loudly-voiced concerns about fuelling the housing market, the stuttering economy is now a bigger concern, says Labours Finance spokesperson Grant Robertson. Read more »

NZD gains on commodity pickup; swap rates fall ahead of OCR

Article – BusinessDesk

The New Zealand dollar gained as optimism about stronger prices for commodities ranging from crude oil to milk powder lifted commodity-linked currencies, while two-year swaps fell to a new low in the run-up to Thursday’s Reserve Bank review. Read more »

NZD falls as expected rate cut this week seen as start

Article – BusinessDesk

NZ dollar falls as expected rate cut this week seen as start of deeper easing cycle Read more »

Traders see outside chance RBNZ will cut OCR below 2%

Article – BusinessDesk

Aug. 5 (BusinessDesk) – Traders say a Reserve Bank interest rate cut next week is a foregone conclusion and a minority are betting the stubbornly high kiwi dollar is a big enough threat to its policy targets to prompt governor Graeme Wheeler to … Read more »

NZ dollar falls as traders mull prospects of deeper OCR cut

Article – BusinessDesk

NZ dollar falls as traders mull prospects of deeper OCR cut, 2-year swaps fall below 2% Read more »

NZ dollar falls as potential RBNZ rate cut comes into focus

Article – BusinessDesk

Aug. 3 (BusinessDesk) – The New Zealand dollar fell against the greenback and the Australian dollar as traders started to focus on the Reserve Bank’s policy review on Aug. 11 and whether it will need to do more than one 25 basis point cut to stir … Read more »

Constructive RBNZ, media relationship not worth lock-ups

Article – BusinessDesk

Aug. 3 (BusinessDesk) – The Reserve Bank will end lock-ups for journalists and market analysts permanently after deciding the costs to police embargoes and the risk of another breach outweighed the benefits of having a positive relationship with the … Read more »

NZ dollar gains to 3-week high vs. Aussie on RBA rate cut

Article – BusinessDesk

NZ dollar gains to 3-week high vs. Aussie on RBA rate cut; dairy auction looms Read more »

NZD edges lower as Fed meeting takes centre stage this week

Article – BusinessDesk

July 25 (BusinessDesk) – The New Zealand dollar dipped as investors prepare for the Federal Reserve’s policy review this week and will be looking for signs the world’s biggest central bank will raise interest rates later this year. Read more »

LVR announcement encourages new housing supply

Press Release – Colliers International

New loan restrictions for Auckland property investors ill boost demand for off the plan purchases and encourage new supply in a heated market. Read more »

NZ dollar drops below 70 US cents after RBNZ flags rate cuts

Article – BusinessDesk

July 21 (BusinessDesk) – The New Zealand dollar fell dropped below 70 US cents and weakened against most all the major currencies following a Reserve Bank update that signalled further interest rate cuts are looming. Read more »

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