PM Key sees inflation heading lower, cuts RBNZ slack for now

Article – BusinessDesk

March 9 (BusinessDesk) – Prime Minister John Key expects the annual rate of inflation to fall further than the 0.8 percent recorded in the year to December, but would not be drawn on whether the Reserve Bank should be cutting interest rates sooner … Read more »

NZ central bank, in neutral, will weigh drought, higher TWI

Article – BusinessDesk

March 9 (BusinessDesk) – The Reserve Bank of New Zealand will probably keep interest rates unchanged this week, reiterating that monetary policy is in neutral, while revising its forecasts to take in the impact of drought and a higher-than-expected … Read more »

NZ Dollar Outlook: Kiwi may decline on greenback strength

Article – BusinessDesk

March 9 (BusinessDesk) – The New Zealand dollar may decline this week as the greenback strengthens on optimism the US economy is gearing up for interest rate rises. New Zealand interest rates are likely to remain unchanged at the central bank’s six-weekly … Read more »

NZ dollar tumbles after strong US jobs data

Article – BusinessDesk

NZ dollar tumbles after strong US jobs data increases chances of Fed hike in June Read more »

Banks relieved as RBNZ drops ’5-plus’ test for home loans

Article – BusinessDesk

March 6 (BusinessDesk) – The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or more residential properties as a commercial borrower, although the Property … Read more »

NZ economy to grow close to 3% in 2015, says Moody’s

Article – BusinessDesk

NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody’s Read more »

Reserve Bank again has to clean up National’s housing mess

Press Release – New Zealand Labour Party

5 March 2015 MEDIA STATEMENT Reserve Bank again has to clean up Nationals housing mess Read more »

RBNZ starts talks on tougher rules for property speculators

Article – BusinessDesk

March 5 (BusinessDesk) – The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. Read more »

Bank consulting on property investor loans

Press Release – Reserve Bank

The Reserve Bank is consulting on a new asset class treatment for mortgage loans to residential property investors within its capital adequacy requirements. A primary purpose of the consultation is to seek views on how to best define a property investment … Read more »

NZ dollar hits new record vs. euro ahead of ECB QE plan

Article – BusinessDesk

March 5 (BusinessDesk) – The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it’s expected to detail plans for its quantitative easing programme starting this month. Read more »

JPMorgan’s NZ branch gets formal warning for 2013 lapse

Article – BusinessDesk

JPMorgan’s NZ branch gets formal warning from central bank over lack of risk assessment plan in 2013 Read more »

NZ dollar benefits from commodity currency gains

Article – BusinessDesk

March 4 (BusinessDesk) – The New Zealand dollar rose along with other commodity currencies after the Australian Reserve Bank chose not to cut interest rates yesterday and following better-than-expected growth data in Canada. Read more »

RBA holds cash rate at 2.25%, open to further easing

Article – BusinessDesk

March 3 (BusinessDesk) – The Reserve Bank of Australia held its cash rate unchanged, having cut the benchmark to a record low last month, saying further cuts may be appropriate to stoke sustainable economic growth. Read more »

Auckland values continue to surge ahead of other centres

Press Release – QV Valuations

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for February have increased 6.4% over the past year and 3.1% over the past three months. This means they are now 20.3% above the previous market peak … Read more »

NZ dollar declines against Aussie ahead of RBA

Article – BusinessDesk

March 3 (BusinessDesk) – The New Zealand dollar weakened against the Australian dollar as traders have already priced in an interest rate cut by the Reserve Bank of Australia today. Read more »

Monthly Economic Indicators February 2015

Press Release – New Zealand Treasury

The New Zealand economy is expected to grow strongly in the December quarter, supported by household demand. Data suggest continued solid demand in the March quarter, although the drought is expected to have a negative impact. The inflation outlook … Read more »

NZ dollar gains after Chinese central bank cuts rates

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar advanced on expectations a reduction in interest rates in China may stimulate demand for New Zealand commodities in the country’s largest trading partner. Read more »

Auckland densification as popular as Ebola, English says

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Aucklands housing were about as popular in parts of Auckland as Ebola would be. Read more »

NZ dollar rises after Yellen seen pushing back rate hikes

Article – BusinessDesk

Feb. 26 (BusinessDesk) – The New Zealand dollar rose, driven by weakness in the greenback after Federal Reserve chair Janet Yellen suggested the US central bank was in no hurry to raise interest rates. Read more »

Auckland inner-city height restrictions weighing on supply

Article – BusinessDesk

Feb. 25 (BusinessDesk) – New Zealand’s government has taken a number of good steps to improve housing supply in Auckland, where prices have soared on a lack of new stock, but could take a look at height restrictions in the inner-city to address … Read more »

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