Grant Robertson Announces Review of Reserve Bank Act

Press Release – New Zealand Government

Minister of Finance Grant Robertson today released the Terms of Reference for the Governments review of the Reserve Bank Act 1989, and re-signed the current Policy Targets Agreement with Reserve Bank Acting Governor Grant Spencer. Read more »

NZ dollar edges lower after tepid inflation expectations

Article – BusinessDesk

Nov. 6 (BusinessDesk) – The New Zealand dollar dipped against the greenback after inflation expectations remained tepid and after the NZ Debt Management Office postponed a 10-year bond tender. Read more »

NZ inflation expectations ease over two-year horizon

Article – BusinessDesk

Nov. 6 (BusinessDesk) – New Zealand firms once again dialled back their two-year inflation expectations and also lowered their growth forecasts, which will likely add to the view the central bank will reiterate that rates will remain on hold until … Read more »

NZ dollar heads for 0.7% weekly gain

Article – BusinessDesk

Nov. 3 (BusinessDesk) – The New Zealand dollar is heading for a 0.7 percent weekly gain against the greenback as strong domestic jobs figures bolstered the local outlook and as traders questioned whether proposed US tax cuts will go ahead and rates will … Read more »

RBNZ expected to stand pat and issue cautious statement

Article – BusinessDesk

RBNZ expected to stand pat and issue cautious statement in first review under new govt Read more »

NZ dollar gains on reports Trump has tapped Powell

Article – BusinessDesk

Nov. 2 (BusinessDesk) – The New Zealand dollar gained on reports that US President Donald Trump has selected Jerome Powell as the next chair of the US Federal Reserve although traders say the bounce may be short-lived. Read more »

Dollar rallies as strong labour market points to inflation

Article – BusinessDesk

Nov. 1 (BusinessDesk) – The New Zealand dollar rose after the jobless rate fell to a nine-year low in September and wage inflation picked up. Read more »

NZ dollar falls with business confidence, soft China data

Article – BusinessDesk

Oct. 31 (BusinessDesk) – The New Zealand dollar extended its decline after business confidence fell, Chinese data was softer than expected and Prime Minister Jacinda Ardern confirmed that foreign speculators will no longer be able to buy houses in … Read more »

NZ dollar falls as market digests Robertson comments on RBNZ

Article – BusinessDesk

Oct. 30 (BusinessDesk) – The New Zealand dollar fell as traders digested comments from Finance Minister Grant Robertson that the Reserve Bank’s mandate will be widened, while offshore, the announcement of the new Federal Reserve chair is keenly awaited. Read more »

Dollar heads for weekly 2% decline vs USD, gains vs Aussie

Article – BusinessDesk

Oct. 27 (BusinessDesk) – The New Zealand is headed for a weekly decline of 2 percent against a resurgent greenback and gained versus the Aussie after a court ruling on the status of an MP who represents the Australian government’s majority. Read more »

Inflationary govt policies could catch market off guard

Article – BusinessDesk

Oct. 27 (BusinessDesk) – New Zealand’s interest rate swaps have barely budged since the new government was announced despite the risk that its policies could stoke inflation, provoking a rate-hike response from the Reserve Bank. Read more »

Dollar may extend decline on govt policy ‘vacuum’

Article – BusinessDesk

Oct. 26 (BusinessDesk) – The New Zealand dollar is vulnerable to more downside as investors await more detail on the new government’s policies and as the US dollar gains. Read more »

Q+A: Prime Minister-elect Jacinda Ardern

Press Release – TVNZ

Jacinda Ardern: no point gloating about economic growth with high rates of homelessness and child poverty Prime Minister-elect Jacinda Ardern told TVNZ 1s Q+A programme that her Government will be more proactive in intervening where the market is failing … Read more »

NZ dollar falls as NZ First backs Labour-led government

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The New Zealand dollar fell after NZ First leader Winston Peters said he would support a Labour-led government, saying the nation voted for change, and that he expected a change to the Reserve Bank Act. Read more »

Dollar falls as market wait to see who will govern

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country’s next government. Read more »

NZ dollar pares CPI gains as greenback rises

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. Read more »

UPDATE: housing-related costs push up inflation

Article – BusinessDesk

(Recasts lead and updates to add economists comments in paragraphs 4 and 5, comment from Insurance Council in paragraph 7 and updated NZD level in final graph) Read more »

NZ dollar holds gains against greenback but capped

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The New Zealand dollar held onto its gains against the greenback but political uncertainty will likely keep it capped with investors awaiting an announcement on the country’s next government. Read more »

Bank of China NZ undeterred after offering ‘premium’ return

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Bank of China New Zealand raised $150 million in its first NZ dollar bond sale and says having to offer a higher return than similarly rated local corporates hasn’t put it off the local debt market. Read more »

NZ inflation still seen below RBNZ’s mid-point target

Article – BusinessDesk

Oct. 13 (BusinessDesk) – Annual inflation may get a slight lift from stronger food and housing-related prices in the third quarter but economists say it will remain below the mid-point of the central bank’s target band and the tepid picture will … Read more »

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