NZ banks well-placed to weather downturn, RBNZ says

Article – BusinessDesk

Nov. 12 (BusinessDesk) – New Zealand’s banks are strong enough to withstand a sharp downturn, and would be able to stay within regulatory requirements, according to the Reserve Bank. Read more »

NZ dollar little changed ahead of RBNZ report, LVRs in view

Article – BusinessDesk

Nov. 11 (BusinessDesk) – The New Zealand dollar was little changed ahead of the Reserve Bank’s financial stability report tomorrow, which may include some comment on restrictions on low-equity loans having done their job. Read more »

RBNZ seeks stronger regulatory oversight of payment systems

Article – BusinessDesk

Nov. 11 (BusinessDesk) – The Reserve Bank wants stronger oversight of the nation’s payment systems, with a particularly focus on managing risks from the global infrastructure that facilitates wholesale market transactions. Read more »

Bill English resorts to gobbledegook over DHB loans

Press Release – Democrats for Social Credit

Finance minister Bill English has again rejected the strategy of Reserve Bank loans to reduce DHB debt and has stated that he, “will not enter into further correspondence on this matter”. This is in response to the series of letters put to him by … Read more »

NZ dollar rises vs. ruble on reduced Russian intervention

Article – BusinessDesk

Nov. 7 (BusinessDesk) – The New Zealand dollar rose to a record against the Russian ruble amid tensions with Ukraine and after the country’s central bank this week scaled back its currency intervention policy. Read more »

Residential values increase at slowest rate in two years

Press Release – QV Valuations

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for October have increased 5.9% over the past year and 1.1% over the past three months which is the slowest rate since October 2012. This means they … Read more »

RBA keeps cash rate at record low, reiterates view on growth

Article – BusinessDesk

Nov. 4 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate at a record low, where it has sat since August 2013, reiterating its view that the nation’s growth will remain below trend, helping keep inflation tame. Read more »

NZ dollar touches month-low vs. greenback on US optimism

Article – BusinessDesk

Nov. 3 (BusinessDesk) – The New Zealand dollar touched a month-low against the US dollar as the greenback broadly strengthened on optimism about the US economy and after the Bank of Japan upped its stimulus plans. Read more »

ASB November Economic Forecasts: Shifting sands in economies

Press Release – ASB Bank

Lower dairy farm income and an earlier-than-expected fall in the NZ dollar are the key influences on the New Zealand growth outlook, according to the latest ASB Quarterly Economic Forecasts. Combined, these developments point to a slightly softer growth … Read more »

NZ dollar jumps vs. yen after BoJ increases stimulus

Article – BusinessDesk

Nov. 3 (BusinessDesk) – The New Zealand dollar jumped to a five-week high against the yen after the Japanese central bank unexpectedly expanded its monetary stimulus programme in an attempt to boost growth and inflation in the world’s third-largest … Read more »

NZ dollar gains as investors pare back bets on greenback

Article – BusinessDesk

NZ dollar gains as investors shy away placing more bets for the US dollar to gain Read more »

NZ, Aust working on differences in depositor protection

Article – BusinessDesk

Oct. 30 (BusinessDesk) – New Zealand and Australia are continuing work to iron out differences between their respective depositor protections, which operate under difference regulatory regimes, Finance Minister Bill English says. Read more »

Low inflation takes pressure off OCR

Press Release – NZMEA

The Reserve Bank of New Zealand (RBNZ) today held the OCR at 3.5%, as the lower than expected inflation backdrop means the OCR can be held for longer, and even cut in the future, say the New Zealand Manufacturers and Exporters Association (NZMEA). Read more »

RBNZ refrains from FX intervention in September

Article – BusinessDesk

RBNZ keeps out of FX markets in September, may have another go pushing kiwi lower Read more »

Reserve Bank should reduce interest rate

Press Release – Council of Trade Unions

The Reserve Bank should be reducing its policy interest rate, the OCR, says CTU Economist Bill Rosenberg in response to the Banks announcement today that it is not increasing it. Read more »

RBNZ U-turn shows monetary settings were wrong

Press Release – Green Party

The Reserve Banks U-turn on interest rates today shows monetary policy settings were wrong and New Zealanders have suffered unnecessarily through the loss of jobs and having to pay higher interest rates, the Green Party said today. Read more »

NZ dollar drops 2% on more upbeat Fed, cautious RBNZ

Article – BusinessDesk

Oct. 30 (BusinessDesk) – The New Zealand dollar dropped about 2 percent in just two hours this morning after the Federal Reserve gave a more upbeat than expected assessment of the US economy and New Zealand’s Reserve Bank gave no signal it would need to … Read more »

RBNZ drops bias on higher rates; kiwi falls

Article – BusinessDesk

Oct. 30 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent, and toned down the prospect of higher interest rates as inflation remains unexpectedly low. The New Zealand dollar fell. Read more »

NZ dollar drops to week-low as lower inflation seen weighing

Article – BusinessDesk

Oct. 24 (BusinessDesk) – The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. Read more »

RESEND: NZ dollar falls as benign inflation weighs on kiwi

Article – BusinessDesk

Oct. 23 (BusinessDesk) – The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. Read more »

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