NZ dollar little changed as US Fed on hold; RBNZ looms

Article – BusinessDesk

NZ dollar little changed as US Fed puts rate hikes on hold; RBNZ review looms Read more »

Reserve Bank likely to confirm no rate hike this Thursday

Article – BusinessDesk

April 28 (BusinessDesk) – The Reserve Bank will likely change its language in this weeks review of the official cash rate after a senior bank official last week said a hike in interest rates isnt being considered at present. Read more »

RBNZ mentions possibility of rate cut

Press Release – HiFX

The Reserve Bank Assistant Governor John McDermott has just given a speech to the Waikato Chamber of Commerce. His key points were: Monetary policy should remain stimulatory for a prolonged period Near-zero inflation New Zealand is seeing … Read more »

NZ Reserve Bank ‘not considering’ increase in interest rates

Article – BusinessDesk

April 23 (BusinessDesk) – The Reserve Bank of New Zealand isn’t considering an increase in interest rates at present and is watching for any signs of weakening demand and domestic inflationary pressures that could warrant a rate cut, says assistant governor … Read more »

Monetary policy to remain stimulatory

Press Release – Reserve Bank

Monetary policy to remain stimulatory The Reserve Bank today said it will ensure that monetary policy is stimulatory to support output growth above potential, to help lift inflation back to target. Assistant Governor Dr John McDermott said that … Read more »

RBNZ appoints Conor English, Tony Caughey as advisers

Article – BusinessDesk

April 23 (BusinessDesk) – New Zealand’s Reserve Bank, the independent body which sets the benchmark interest rate, has appointed Conor English, the younger brother of Finance Minister Bill English, as one of its part-time external monetary policy … Read more »

Anzac commemorative coins march out

Press Release – Reserve Bank

More than three quarters of the coloured circulating commemorative coins minted to mark the Anzac centenary have been taken up by the public. Read more »

Reserve Bank must lower interest rate

Press Release – New Zealand Council of Trade Unions

With price rises at just 0.1 percent over the last year, the Reserve Bank must reduce its Official Cash Rate next week. It is well past time it did so, says CTU Economist Bill Rosenberg. A housing price bubble is forming in Auckland … Read more »

Petrol price falls main cause of second quarter of deflation

Article – BusinessDesk

April 20 (BusinessDesk) – Falling petrol and diesel prices were the major factor leading to a 0.3 percent fall in inflation during the first three months of this year, the second quarter in a row of deflation. Read more »

NZ TWI surges above RBNZ forecast, may prompt jawboning

Article – BusinessDesk

April 17 (BusinessDesk) – The New Zealand dollar trade-weighted index has soared above the Reserve Bank’s projections to a nine-month high but traders and strategists say the bank has few options, other than jawboning, to drive the currency lower in … Read more »

Planning Regulations and Costs

Press Release – Motu Economic and Public Policy Research

Yesterday, Grant Spencer, the Deputy Governor of the Reserve Bank of New Zealand made a speech about reducing housing imbalances. His speech quoted a working paper by Motu Economic and Public Policy Research – a not-for-profit, non-partisan research … Read more »

Intervention Not the Solution to Housing Crisis

Press Release – Affordable Auckland

Intervention Not the Solution to Housing Crisis A thinly-veiled call by the Reserve Bank to examine the tax status of property investors is not the solution to fixing the housing hyperinflation crisis, says Affordable Auckland Mayoral candidate … Read more »

Reserve Bank scathing of Government

Press Release – New Zealand Labour Party

The Reserve Banks most scathing critique to date of Nationals inability to handle the housing crisis shows the Bank is sick of having to pick up the pieces, Labour Leader Andrew Little says. Read more »

Innovation funding a boost to competitiveness

Press Release – BusinessNZ

An $80 million increase in funding for Growth Grants announced today will provide more incentives for companies to increase their research and development, BusinessNZ Chief Executive Phil OReilly said. Read more »

National ignores Reserve Bank advice on housing

Press Release – Green Party

National ignores Reserve Bank advice on housing, fuelling house price inflation The National Governments HomeStart package, which starts today, will likely be absorbed into higher margins for developers according to the Reserve Bank, the Green Party … Read more »

Bank improves household wealth statistics

Press Release – Reserve Bank

The Reserve Bank is publishing a new set of household balance sheet statistics compiled using international standards. The new statistics cover a wider range of household assets including households currency holdings, the equity owned in unlisted businesses … Read more »

Inflation target at 2% risks overheated economy, BNZ says

Article – BusinessDesk

March 27 (BusinessDesk) – Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank of New Zealand, which suggests current low global inflation rates mean the local … Read more »

NZ commercial property lending less risky now: RBNZ

Article – BusinessDesk

March 26 (BusinessDesk) – The Reserve Bank said New Zealands $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases. Read more »

Reserve Bank Bulletin articles published

Press Release – Reserve Bank

The Reserve Bank today published two articles in the Reserve Bank Bulletin . The Bulletins first article discusses the risks created by high and rapidly rising levels of household debt. It notes that high debt levels increase the sensitivity … Read more »

Deputy Governor appointed chair of OECD Committee

Press Release – Reserve Bank

Reserve Bank Deputy Governor Grant Spencer has been appointed chair of the Organisation for Economic Co-operation and Development (OECD)s Committee on Financial Markets (CMF). The membership of the CMF includes representatives of the OECDs 34 member … Read more »

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