RBA reiterates stable outlook for interest rates

Article – BusinessDesk

Aug. 5 (BusinessDesk) – The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a “period of stability” in interest rates is warranted given the outlook for inflation. Read more »

NZ dollar gains as traders await central bank meetings, data

Article – BusinessDesk

Aug. 5 (BusinessDesk) – The New Zealand dollar advanced in quiet trading as investors await direction from looming central bank meetings and new data on dairy prices and employment. Read more »

Treasury Release : Monthly Economics Indicators July 2014

Press Release – New Zealand Treasury

The July Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events. Read more »

Financial Services Council – Fairer Taxes on Savings

Press Release – Financial Services Council

The Financial Services Council (FSC) is supporting a campaign for fairer taxation of savings. Current tax laws overtax retired New Zealanders living off interest income and New Zealanders saving for retirement. Read more »

Fair tax for savers proposals would broadly pay for itself

Press Release – Financial Services Council

Expert advice received to date on a package of Fair Tax for Savers Campaign proposals could increase Government tax revenue overall and deliver a $400 million income boost to savers. Read more »

Quarterly Forecast: The maturing of a “rock star” economy

Press Release – ASB Bank

NZ economy maintains good momentum in 2014. But signs emerge that growth will moderate to a more sustainable pace next year. High NZD remains a dilemma for the RBNZ as it continues on its tightening path. Growing divergence between global … Read more »

Home loan affordability improves in June

Press Release – Roost Mortgages

Home loan affordability improves in June after house price falls, more than offsetting interest rate rises Read more »

That’s all folks – OCR increases for 2014

Press Release – Mike Pero Real Estate

“Today’s announcement by the Reserve Bank should be the last of the bad news for this year. Read more »

Interest rate rise will hit the regions

Press Release – New Zealand Labour Party

The latest interest rate rise will hit the fragile regional economies of New Zealand and hurt exporters by putting more upward pressure on the exchange rate, says Labours Finance spokesperson David Parker. Read more »

Period of OCR stability now needed

Press Release – Business NZ

Following todays increase in the OCR, a period of stability would be positive for the economy, says BusinessNZ. Chief Executive Phil OReilly said a pause in the upward trajectory of the OCR was now called for. The Reserve Bank has had … Read more »

NZ dollar falls after RBNZ says kiwi strength ‘unjustified’

Article – BusinessDesk

July 24 (BusinessDesk) – The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency’s strength was “unjustified”, invoking one of the central bank’s criteria … Read more »

RBNZ hikes OCR to 3.5%, ‘period of assessment’ now needed

Article – BusinessDesk

July 24 (BusinessDesk) – Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was … Read more »

NZ dollar little changed as investors await Reserve Bank

Article – BusinessDesk

July 24 (BusinessDesk) – The New Zealand dollar is little changed as investors are reluctant to take positions ahead of the Reserve Bank’s decision on interest rates this morning. Read more »

NZ dollar slips before US CPI as OCR review looms

Article – BusinessDesk

July 22 (BusinessDesk) – The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world’s biggest economy may have accelerated enough to bring forward the timing of interest rate hikes. Read more »

RBNZ sees review of bank, non-bank regs complete by Sept 15

Article – BusinessDesk

July 22 (BusinessDesk) – The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they’re as streamlined as possible given the layers of complexity added with the Basel III … Read more »

Strong migration data likely to seal OCR increase Thursday

Press Release – CMC Markets

The Kiwi continues to consolidate around 0.8700 in the lead up to Thursdays Reserve Bank OCR review. While last weeks Q2 CPI number printed just below market expectation, it was largely in line with the Reserve Banks June projections at +0.3% for the … Read more »

Strong migration data likely to seal OCR increase

Press Release – CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi continues to consolidate around 0.8700 in the leadup to Thursdays Reserve Bank OCR review. While last weeks Q2 CPI number printed just below market expectation, it was largely in line with … Read more »

CTU Urges Reserve Bank Not to Raise Interest Rates

Press Release – NZCTU

The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. Another rise in interest rates will raise the dollar further, striking another blow at high value manufacturing industries who are exporting or … Read more »

NZ dollar gains after Griffin’s deal; rate review looms

Article – BusinessDesk

July 21 (BusinessDesk) – The New Zealand dollar rose as the $700 million sale of Griffin’s Foods to a Philippines-based company stoked expectations of demand for the kiwi and as traders pondered the likely language the Reserve Bank will use if … Read more »

NZ annual migration at decade high as arrivals pass 100,000

Article – BusinessDesk

July 21 (BusinessDesk) – New Zealand’s annual migration extended its decade highs in June, as a record number of arrivals pushed the net inflow above the 2014 peak estimated by the Treasury and the Reserve Bank. Read more »

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