Barnett says hold fire on loan-to-income restrictions

Press Release – Century 21 Real Estate

Head of Century 21 New Zealand, Geoff Barnett, is cautioning Wellingtons decision-makers over increasing calls for the Government to give the Reserve Bank the power to introduce loan-to-income restrictions. Read more »

RBNZ to replace 90-day bank bill projection for track of OCR

Article – BusinessDesk

Oct. 25 (BusinessDesk) – The Reserve Bank will replace its projection for the track of the 90-day bank bill rate with one for the official cash rate, saying the 90-day rate is no longer a clear signal for the direction of interest rates. Read more »

NZ dollar rises above 72 US cents amid early inflation signs

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The New Zealand dollar rose above 72 US cents for the first time in two weeks as stronger-than-expected inflation figures at home and in the UK stoked speculation the era of ultra-low price increases may be ending. Read more »

Inflation piles pressure on National and Reserve Bank

Press Release – New Zealand Labour Party

While many households will welcome the low inflation figures announced today, they highlight serious questions for both the National government and the Reserve Bank, Labours Finance Spokesperson Grant Robertson said. Read more »

NZ dollar heads for 0.7% weekly decline

Article – BusinessDesk

NZ dollar heads for 0.7% weekly decline as RBNZ’s presses rate cut bias Read more »

Kiwi touches 10-week low against US dollar as easing looms

Article – BusinessDesk

Oct. 13 (BusinessDesk) – The Kiwi hit a ten-week low against the US dollar in trading on Thursday, going as low as 70.36 cents against the greenback as economic data showed food prices in New Zealand fell and the pace of house price rises in Auckland eased … Read more »

NZD drops below 71 US cents as RBNZ keeps to rate cut plan

Article – BusinessDesk

The New Zealand dollar fell below 71 US cents for the first time in two months as Reserve Bank assistant governor John McDermott reaffirmed the bank’s intention to cut interest rates further. Read more »

RBNZ affirms rate cut bias to stoke moribund inflation

Article – BusinessDesk

Oct. 11 (BusinessDesk) – The Reserve Bank still expects to cut interest rates further to try and stir inflation that’s been kept low by a weak global economy, though the bank isn’t concerned that consumer prices will start falling, says assistant governor … Read more »

Understanding low inflation in New Zealand

Press Release – Reserve Bank

September quarter inflation, due for release next Tuesday, is expected to be low, Assistant Governor John McDermott said in a speech to the Bay of Plenty Employers and Manufacturers Association in Rotorua today. Read more »

Q+A: Gabriel Makhlouf

Press Release – TVNZ

Treasury Secretary and Chief Executive Gabriel Makhlouf told TVNZ 1s Q+A programme that probably the biggest risk for us at the moment is what we are seeing as growing protectionism around the world. And a small open economy like us needs to really … Read more »

RBNZ to pay $140 million dividend from FX gains

Article – BusinessDesk

Sept. 29 (BusinessDesk) – The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years. Read more »

Innovation key to shaping Bank’s past and future

Press Release – Reserve Bank

The Reserve Bank’s Annual Report 2015-16 demonstrates the Bank’s commitment to innovation as it continues to promote a sound and dynamic monetary and financial system, Governor Graeme Wheeler said today. Read more »

Neil Quigley to chair RBNZ’s board of directors

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Neil Quigley has been elected chair of the Reserve Bank’s board of directors, replacing Rod Carr who is leaving early. Read more »

Neil Quigley new Chair of Reserve Bank Board

Press Release – Reserve Bank

Professor Neil Quigley has been elected Chair of the Reserve Bank’s Board of Directors, replacing Dr Rod Carr. Ms Kerrin Vautier has been appointed as Deputy Chair. Read more »

New Reserve Bank chair congratulated

Press Release – New Zealand Government

Finance Minister Bill English has congratulated the new chair of the Reserve Banks board of directors Professor Neil Quigley. Read more »

NZD falls to 4-week low as November cuts seem locked in

Article – BusinessDesk

NZ dollar falls to 4-week low as November cuts seem locked in, trade data weakens Read more »

Property Institute wants LVR exemption for first home buyers

Press Release – New Zealand Property Institute

Property Institute wants LVR exemption for first home buyers Property Institute of New Zealand Chief Executive, Ashley Church, has repeated his call for the Reserve Bank to exempt first home buyers from the Loan-to-value restrictions following news … Read more »

NZD falls vs. greenback, Aussie on likely November OCR cut

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The New Zealand dollar fell against the greenback and the Australian dollar after the Reserve Bank’s interest rate review left traders with more of a sense that governor Graeme Wheeler is likely to cut the official cash rate … Read more »

RBNZ pushes for new quarterly disclosure regime

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The Reserve Bank is pushing for a new disclosure regime for the way banks make financial information public outside their half-year and annual updates, which would see the central bank draw on data it’s already privy to. Read more »

Reserve Bank consults on new dashboard for banks

Press Release – Reserve Bank

The Reserve Bank today released a consultation document on a proposed new Dashboard approach to quarterly disclosure for locally incorporated banks. Read more »

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