Missing the Point on Runaway Housing Market

Press Release – New Zealand First Party

13 MAY 2015 Missing the Point on Runaway Housing Market The Reserve Banks tinkering avoids critical issues of the runaway Auckland housing market, says New Zealand First. We are still on a collision course for a financial catastrophe when the bubble … Read more »

Banking industry to work with LVR changes

Press Release – NZ Bankers’ Association

In response to the LVR changes announced today by the Reserve Bank, the New Zealand Bankers Association said that banks will work to meet the new obligations but warns that demand side initiatives are only one part of the solution. We look … Read more »

UPDATE: RBNZ takes aim at Auckland property investors

Article – BusinessDesk

May 13 (BusinessDesk) – The Reserve Bank will target Auckland property investors with new lending restrictions as it looks to take the heat out of the property market in the countrys biggest city, which it sees as a key risk to the nations financial … Read more »

Reserve Bank forced to do AWOL Govt’s job on housing

Press Release – Green Party

The Reserve Bank is being forced into acting on the Auckland housing crisis because the Government is refusing to, the Green Party said today. Its becoming increasingly obvious that its the Reserve Bank, and not John Key and his Government, who has … Read more »

Mayor welcomes Reserve Bank initiative

Press Release – Auckland Council

Mayor Len Brown has welcomed the Reserve Bank announcement this morning that it is to take action to combat what it describes as growing housing risk in Auckland. The Reserve Bank has announced that it will require residential property investors … Read more »

Reserve Bank action shows Govt out of touch and out of ideas

Press Release – New Zealand Labour Party

The Reserve Banks unprecedented measures today show it understands the serious risks of the overheating housing market in complete contrast to John Keys refusal to acknowledge the crisis, Labours Finance spokesperson Grant Robertson … Read more »

Insurers may still face surprises in Canterbury quake bill

Article – BusinessDesk

May 13 (BusinessDesk) – Insurers may face unexpectedly bigger costs over the Canterbury earthquake after several firms recently increased their estimates for the final bill, according to the Reserve Bank. Read more »

RBNZ imposes new lending restrictions on Auckland property

Article – BusinessDesk

May 13 (BusinessDesk) – The Reserve Bank will target Auckland property investors with new lending restrictions as it looks to take the heat out of the property market in the countrys biggest city, which it sees as a key risk to the nations financial … Read more »

Sagging dairy prices push farms into negative cashflow

Article – BusinessDesk

May 13 (BusinessDesk) – Persistently low dairy prices are keeping New Zealand farmers under pressure with about a quarter of dairy farms experiencing negative cash flow in the current season, according to the Reserve Bank. Read more »

New RBNZ rules tomorrow on Auckland home lending

Article – BusinessDesk

May 12 (BusinessDesk) – Tomorrow’s six-monthly Financial Stability Report from the Reserve Bank of New Zealand looks certain to include new policy to tighten lending restrictions for Auckland property investors, with deputy governor Geoff Bascand … Read more »

NZ dollar continues declines as RBNZ seen cutting rates

Article – BusinessDesk

May 12 (BusinessDesk) – The New Zealand dollar continued its decline overnight, falling to an eight-week low, as speculation grows that the Reserve Bank could start cutting interest rates as early as next month. Read more »

UPDATE: NZ Dollar Outlook: Kiwi may fall

Article – BusinessDesk

May 11 (BusinessDesk) – The New Zealand dollar may decline this week as more economists bet that the Reserve Bank will start cutting interest rates as early as next month. Read more »

Govt books confirm National can’t post surplus

Press Release – New Zealand Labour Party

The last publication of the Governments books before the budget shows National will break its promise of seven years and two election campaigns and fail to get the books in order, says Labours Finance Spokesperson Grant Robertson. Read more »

NZ dollar rises after US jobs data misses expectations

Article – BusinessDesk

May 11 (BusinessDesk) – The New Zealand dollar gained after a key US employment report failed to meet expectations, pushing out the likely timing of US interest rate hikes. Read more »

NZ dollar slips on US labour market optimism

Article – BusinessDesk

NZ dollar slips to lowest in more than 3 weeks on US labour market optimism Read more »

RESEND: NZ dollar little changed as investors mull rate cut

Article – BusinessDesk

May 7 (BusinessDesk) – The New Zealand dollar was little changed as investors consider the possibility of a rate cut after employment figures yesterday showed slowing wage growth in the first three months of the year. Read more »

NZ dollar holds at lower levels as traders bet on rate cut

Article – BusinessDesk

May 7 (BusinessDesk) – The New Zealand dollar held at lower levels overnight as traders priced in an increased chance of an interest rate cut after a report yesterday showed wage growth slowed in the March quarter. Read more »

NZ dollar falls vs. Aussie after RBA removes easing bias

Article – BusinessDesk

May 6 (BusinessDesk) – The New Zealand dollar fell to an eight-week low against the Aussie as traders bet the Reserve Bank of Australia is finished its easing cycle after it reduced the country’s benchmark interest rate to a record low 2 percent … Read more »

RBA cuts cash rate to 2%, omits comment on further cuts

Article – BusinessDesk

(Fixes prior price in 2nd graph) RBA cuts cash rate to 2%, omits comment on further cuts Read more »

RBA cuts cash rate to 2%, omits comment on further cuts

Article – BusinessDesk

May 5 (BusinessDesk) – The Reserve Bank of Australia cut its cash rate to a record low, as expected, while avoiding commenting on further cuts. Read more »

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