RBNZ’s ‘watch and wait’ language boosts kiwi dollar

Article – BusinessDesk

Oct. 29 (BusinessDesk) – The New Zealand dollar rebounded after the Reserve Bank left interest rates on hold and warned the currency’s recent appreciation may keep rates low, as traders took Governor Graeme Wheeler’s “watch and wait” language … Read more »

Official Cash Rate unchanged at 2.75 percent

Press Release – Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.75 percent. Read more »

RBNZ keeps OCR on hold, warns high kiwi may see lower rates

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged, while reiterating another cut is likely and warning that a recent gain in the kiwi dollar could restrain inflation, adding to the case for a lower … Read more »

BNZ expects robust business credit growth to continue in ’16

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Bank of New Zealand, the country’s third-biggest bank by gross loans, expects business credit growth to remain robust in the coming year, with a number of sectors experiencing strong economic conditions, despite the woes … Read more »

Time to modernise role of Reserve Bank

Press Release – New Zealand Labour Party

The dilemma faced by the Reserve Bank Governor in setting the official cash rate highlights the need to broaden the objectives of the bank to put jobs and the overall well-being of the economy at the heart of its mandate, Labour Finance spokesperson … Read more »

RBNZ warns Kiwibank over gap in money-laundering checks

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Kiwibank, the government-owned lender, has been formally warned by the Reserve Bank of New Zealand for a year-long period when it didn’t have appropriate risk assessment measures in place to meet anti-money laundering legislation. Read more »

NZ dollar little changed ahead of FOMC, RBNZ rate reviews

Article – BusinessDesk

Oct. 28 (BusinessDesk) – The New Zealand dollar was little changed as traders await tomorrow’s interest rate decisions from the Federal Reserve and the Reserve Bank of New Zealand. Read more »

NZ dollar may end 2015 at lowest year-end level in 7 years

Article – BusinessDesk

Oct. 27 (BusinessDesk) – The New Zealand dollar may finish 2015 at the lowest year-end level in seven years and be at a similar place at the end of next year, according to the latest BusinessDesk survey. Read more »

Wheeler speech convinces many economists OCR on hold

Article – BusinessDesk

Oct. 23 (BusinessDesk) – The Reserve Bank may keep the official cash rate unchanged next week to avoid inflaming Auckland’s housing market and to keep some capacity up its sleeve should global growth stumble, even though the kiwi dollar has gained … Read more »

UPDATE: Absence of inflation in NZ gives scope for more cuts

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Domestic, or non-tradables, inflation, stalled in the third quarter, and is expected to remain subdued, leaving the door open for further interest rates cuts by the Reserve Bank. Read more »

NZ consumer prices rise 0.3% in September quarter

Article – BusinessDesk

Oct. 16 (BusinessDesk) – New Zealand consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fees and kept the annual pace of inflation unchanged below the … Read more »

NZ dollar jumps to two-month high vs euro

Article – BusinessDesk

NZ dollar jumps to two-month high vs euro as ECB seen adding more stimulus Read more »

NZ consumer confidence picks up, aided by improving dairy

Article – BusinessDesk

Oct. 15 (BusinessDesk) – New Zealand consumer confidence rose for a second month after hitting a three-year low in August, helped by an improved outlook for the dairy sector and lower mortgage interest rates. Read more »

Wheeler says some OCR easing likely

Article – BusinessDesk

Oct. 14 (BusinessDesk) – Reserve Bank governor Graeme Wheeler has reiterated that he is likely to cut interest rates again, although he is also conscious of the risk that low borrowing costs inflame the housing market and wants to retain some capacity … Read more »

First of the new banknotes enters circulation from Monday

Press Release – Reserve Bank

New $5 and $10 banknotes will be in public circulation from Monday, the first day that banks and retailers can dispense, the Reserve Bank said today. Read more »

RBA sees regulatory measures helping contain housing risks

Article – BusinessDesk

Oct. 6 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at 2 percent, as expected, and indicated it has become slightly less concerned about volatility in financial markets and the overheated housing market in Sydney and Melbourne. Read more »

English to IMF and World Bank this week

Press Release – New Zealand Government

Finance Minister Bill English leaves for Mexico City tomorrow before carrying on to Lima ahead of the International Monetary Fund and the World Bank Groups annual meetings in his capacity as a Governor of both institutions. Read more »

NZ dollar gains against weaker greenback after jobs report

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates. Read more »

NZ dollar falls as Fed’s Dudley points to 2015 rate hike

Article – BusinessDesk

NZ dollar falls as Fed’s Dudley points to 2015 rate hike, stocks fall, risk aversion rises Read more »

RBNZ pays $510 mln dividend to Crown, biggest in six years

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank’s holdings of offshore currencies. Read more »

« Previous PageNext Page »