Reserve Bank consults on Regulatory Stocktake

Press Release – Reserve Bank

The Reserve Bank today began public consultation on changes to its regulatory requirements that it expects will improve the efficiency of bank supervision and reduce banks costs. Read more »

Banks surprise move on 30% equity LVRs shocks investors

Press Release – LoanPlan Mortgages and Finance

The mortgage door has closed suddenly for some mum and dad property investors with less than 30 per cent equity following an announcement by ASB last night that it will issue no more pre-approved mortgages for property investors in the Auckland … Read more »

Benign inflation, dairy price slump may spur more rate cuts

Article – BusinessDesk

July 16 (BusinessDesk) – The Reserve Bank may have to cut interest rates more aggressively than previously signalled as it contends with an unexpectedly sharp slump in dairy prices and the prospect of low inflation becoming embedded in the economy. Read more »

NZ farmer confidence slips ahead of new season

Article – BusinessDesk

July 15 (BusinessDesk) – New Zealand farmer confidence slipped heading into the new season, with economic conditions and profits expected to deteriorate, as farmers plan to spend less and increase debt. Read more »

RBA keeps cash rate unchanged for second month

Article – BusinessDesk

RBA keeps cash rate unchanged for second month in face of below-trend Australian growth Read more »

NZ economy doesn’t need fiscal stimulus yet, Key says

Article – BusinessDesk

July 6 (BusinessDesk) – New Zealand’s economy is still fairly robust and doesn’t need increased government spending to give it a kickstart, Prime Minister John Key says. Read more »

NZ dollar falls to fresh 5-year low on Greek uncertainty

Article – BusinessDesk

NZ dollar falls to fresh 5-year low as investors seek safe haven assets on Greece uncertainty Read more »

Kiwi currency still ‘unjustifiable’, ‘unsustainable': RBNZ

Article – BusinessDesk

June 26 (BusinessDesk) – New Zealand’s Reserve Bank reiterated that the local currency is at “unjustifiable and unsustainable levels”, conditions that need to be met for it to intervene in the foreign exchange market. Read more »

Restrictions on High LVR Lending Information Release

Press Release – New Zealand Treasury

There have been two information releases relating to the Reserve Bank of New Zealand’s (RBNZ) restrictions on high loan-to-value ratio (LVR) lending. Read more »

Government inaction leads to blurring of roles

Press Release – New Zealand Labour Party

The Treasury wouldnt have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labours Finance spokesperson Grant Robertson says. Read more »

Reserve Bank sets out its priorities

Press Release – Reserve Bank

Reserve Bank sets out its priorities The Reserve Bank has outlined its priorities and initiatives that will enable it to achieve its goals in the Statement of Intent (SOI) for 2015-2018 , Governor Graeme Wheeler said today. The Reserve Bank contributes … Read more »

Reserve Bank Bulletin

Press Release – Reserve Bank

Reserve Bank Bulletin covers recent history of bank capital requirements The Reserve Bank today published an article in the Reserve Bank Bulletin that describes the Reserve Banks implementation of the Basel III capital requirements. Capital requirements … Read more »

NZ dollar touches fresh five-year low on US rate outlook

Article – BusinessDesk

June 24 (BusinessDesk) – The New Zealand dollar touched a fresh five-year low as the greenback strengthened on optimism the Federal Reserve may raise interest rates as early as September. Read more »

Payment times plummet

Press Release – Dun and Bradstreet

Commercial cash flow appears to be in rude health, with analysis of invoice payments revealing that businesses are paying each other with record speed, although continued falls in dairy prices are expected to affect future performance. Read more »

NZ dollar touches fresh five-year low on rate outlook

Article – BusinessDesk

NZ dollar touches fresh five-year low as traders price in more interest rate cuts Read more »

NZ above-average growth won’t stop RBNZ rush to cut rates

Article – BusinessDesk

NZ economic growth above OECD average won’t stop RBNZ rushing to cut rates again, economists say Read more »

Wheeler says inflation, commodities, kiwi key to rate track

Article – BusinessDesk

June 11 (BusinessDesk) – Reserve Bank governor Graeme Wheeler is watching a number of indicators including inflation signals, commodity prices and the falling currency in gauging whether to cut interest rates again. Read more »

UPDATE: RBNZ cuts OCR on weak dairy outlook

Article – BusinessDesk

June 11 (BusinessDesk) – The Reserve Bank cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector’s weak outlook weighed on the nation’s terms of trade and threatened to delay an increase in inflation from … Read more »

Dairy doldrums keep Reserve Bank nervous

Article – BusinessDesk

June 11 (BusinessDesk) – A slow recovery in global milk prices that’s weighing on the local dairy sector is making the Reserve Bank nervous, with the prospect of another sub-standard season threatening New Zealand’s national income. Read more »

NZ house price growth to slow over coming years, RBNZ says

Article – BusinessDesk

June 11 (BusinessDesk) – The Reserve Bank expects house prices will rise at a slower pace in coming years as increased construction helps ease supply constraints, and measures to curb property investors take some of the heat out of the Auckland property … Read more »

« Previous PageNext Page »