Property Institute wants LVRs scrapped in Provinces

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling for the Reserve Banks Loan-to-value mortgage restrictions to be scrapped in the regions claiming that they are having an unreasonable and adverse impact on first home … Read more »

NZ dollar hits new record vs. A$ as parity seen possible

Article – BusinessDesk

Feb. 17 (BusinessDesk) – The New Zealand dollar rose to a record against the Australian dollar as investors favour the outlook for the local economy, increasing the possibility the two currencies may reach parity. Read more »

NZ house sales rise 2.6% in Jan, median price dips from Dec

Article – BusinessDesk

Feb. 11 (BusinessDesk) – New Zealand residential property sales rose in January from the same month last year, while data confirmed house prices in Auckland continue to gallop ahead of the rest of the country. Read more »

TSB Bank Launches NZ’s First 10 Year Fixed Rate Home Loan

Press Release – TSB Bank

TSB Bank has today announced its offer of a 10 year fixed rate home loan, a first for the New Zealand market. Read more »

NZ dollar touches 3-week high vs. Aussie on rate tracks

Article – BusinessDesk

Feb. 5 (BusinessDesk) – The New Zealand dollar hit a three-week high against the Aussie after New Zealand’s Reserve Bank reiterated that interest rates are expected to remain on hold for “some time”, in the same week that Australia cut … Read more »

NZ dollar rises after WMP gains, Wheeler downplays rate-cut

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The New Zealand dollar rose against most major currencies after the price of whole milk powder jumped in the latest auction, sentiment for the greenback waned and Reserve Bank governor Graeme Wheeler said keeping interest … Read more »

Government must act on RB Governor’s call

Press Release – New Zealand Labour Party

The Government may have ignored the pleas of first home buyers to take action on the housing crisis, but it will struggle to ignore the Reserve Bank Governor who said much more needs to be done to get more homes built, says Labours Finance … Read more »

Economic prospects good, risks more complex

Press Release – Reserve Bank

New Zealands economic prospects are good for continued steady growth, falling unemployment and low inflation. But risks and uncertainties around the global economy are becoming more complex, presenting considerable challenges for New Zealand enterprises, … Read more »

Wheeler says keeping interest rates on hold ‘prudent’

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Reserve Bank governor Graeme Wheeler acknowledged calls to cut interest rates, given the tumbling price of crude oil, before arguing that keeping rates on hold was the most prudent option given the potential for domestic inflation … Read more »

NZ dollar jumps almost 2 US cents after milk prices rise

Article – BusinessDesk

NZ dollar jumps almost 2 US cents after whole milk powder prices rise in GDT auction Read more »

NZ dollar drops vs. US, gains vs. Aussie after RBA cut

Article – BusinessDesk

NZ dollar drops vs. greenback, gains vs. Aussie after RBA cuts key rate to 2.25% Read more »

RBA cuts key rate to 2.25% citing weak domestic demand

Article – BusinessDesk

Feb. 3 (BusinessDesk) – The Reserve Bank of Australia cut its cash rate to a record low, saying weak domestic demand and tame inflation in the face of falling crude oil prices will keep output growth below trend for longer. The Australian dollar … Read more »

NZ dollar little changed vs. Aussie ahead of RBA decision

Article – BusinessDesk

Feb. 3 (BusinessDesk) – The New Zealand dollar was little changed against its Australian counterpart ahead of the Reserve Bank of Australia’s meeting today amid expectations Australia may cut interest rates. Read more »

Will the Next Global Dairy Auction Follow Wool?

Press Release – New Zealand First Party

With overseas-owned Synlait cutting its forecast and ahead of this weeks GlobalDairyTrade auction, the Rt Hon Winston Peters is highlighting how an overvalued New Zealand dollar has cost our exporters dearly with sharp recent falls against the United States … Read more »

NZ Dollar Outlook: Kiwi may continue decline

Article – BusinessDesk

Feb. 2 (BusinessDesk) – The New Zealand dollar, which fell to a four-year low after the Reserve Bank last week dropped its tightening bias and opened the door to possible rate cuts, may continue its decline this week. Read more »

Government’s housing failure puts pressure on Reserve Bank

Press Release – New Zealand Labour Party

The Governments failure to take action on the housing crisis has put pressure on the Reserve Bank Governor who has to deal with a rampaging housing market and low inflation at the same time, says Labours Finance spokesperson Grant Robertson. … Read more »

NZ dollar drops after RBNZ abandons bias to raise rates

Article – BusinessDesk

Jan. 29 (BusinessDesk) – The New Zealand dollar dropped, touching a four-year low, after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility. Read more »

Low interest rates see more head to South Auckland

Press Release – Cameron Brewer

With the Reserve Bank today holding the Official Cash Rate at 3.5%, our retail banks in an interest rates war, Auckland rents increasing, and housing demand unrelenting, were seeing more and more first home buyers heading to South Auckland, says … Read more »

Reserve Bank Act Fails Exporters Again

Press Release – New Zealand First Party

With the Official Cash Rate held at 3.5 percent, the Reserve Bank needs to take lessons from the Bank of Canada over how to surprise the markets, says New Zealand First Leader, the Rt Hon Winston Peters. Read more »

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Article – BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral Read more »

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