RBNZ signals national roll-out of lending restrictions

Article – BusinessDesk

July 19 (BusinessDesk) – The Reserve Bank plans to roll-out tougher lending restrictions across the nation from September in an effort to mitigate the risk the country’s rapid house price growth poses to the wider financial system. Read more »

Reserve Bank consults on new investor LVR restrictions

Press Release – Reserve Bank

The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further mitigate risks to financial stability arising from the current boom in house prices. Read more »

NZD falls as weak inflation data adds to case for rate cut

Article – BusinessDesk

NZ dollar falls as weak inflation data adds to case for rate cut in August Read more »

NZD drops as RBNZ’s update raises rate cut expectations

Article – BusinessDesk

The New Zealand dollar dropped after the Reserve Bank said it will give its view on the economy next week given the long lead-in time to the next policy review on August 11, raising expectations it may be poised to cut rates next month. Read more »

Tax changes should have been made 3 years ago

Press Release – New Zealand Labour Party

Grant Robertson MP for Wellington Central Finance Spokesperson MEDIA STATEMENT 13 July 2016 Tax changes should have been made 3 years ago National could have avoided the international stain on our reputation from the Panama Papers if it had let IRDs … Read more »

Making monetary policy decisions

Press Release – The Reserve Bank of New Zealand

Making monetary policy decisions The Reserve Bank regularly reviews and refines its monetary policy decision making process to help it better handle economic uncertainty and improve the quality of policy decisions, Assistant Governor John McDermott said … Read more »

Article describes OCR decision making process

Press Release – Reserve Bank

The Reserve Bank today published a Bulletin article that explains the monetary policy decision-making process. Read more »

Reserve Bank Weak In Not Hitting Back At PM

Press Release – New Zealand First Party

The Reserve Bank is being heavied by a Prime Minister who has stepped way out of line, says New Zealand First Leader and Northland MP Rt Hon Winston Peters. Read more »

Loan to Income Restrictions Make No Sense

Press Release – John Palino

Auckland Mayoral candidate John Palino says an investigation by the Reserve Bank into the merits of imposing loan to income restrictions on home buyers makes no sense. It would be completely ineffective and only impact those already worst affected … Read more »

News Flash on Immigration

Press Release – New Zealand First Party

Rt Hon Winston Peters New Zealand First Leader Member of Parliament for Northland 8 JULY 2016 News Flash on Immigration So it is official. Mass immigration is the cause of the housing crisis. Now watch the Reserve Bank being accused of being … Read more »

Banks the latest to voice concerns over housing

Press Release – New Zealand Labour Party

Grant Robertson MP for Wellington Central Finance Spokesperson MEDIA STATEMENT 8 July 2016 Banks the latest to voice concerns over housing The Reserve Bank has revealed banks are becoming more and more concerned about the effects of the housing … Read more »

NZ dollar rises as Spencer speech creates doubts

Article – BusinessDesk

July 8 (BusinessDesk) – The New Zealand dollar gained, making it a standout against a broadly stronger greenback, after Reserve Bank deputy governor Grant Spencer flagged concerns over house prices without announcing any immediate measures to tackle the … Read more »

Property Institute questions timing of statement

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, has questioned the wisdom of the timing of this evenings Reserve Bank statement to the Wellington Branch of the Institute of Valuers – warning that it will almost certainly lead to … Read more »

Rental property owners threatened

Press Release – NZ Property Investors’ Federation

The Reserve Bank has stated that housing supply is the real issue in house price increases. However because they cannot influence supply, they are threatening rental property providers with tighter Loan-to-Value Ratios (LVRs) and Limits on Debt-to-Income … Read more »

Housing risks require a broad policy response

Press Release – The Reserve Bank of New Zealand

Growing imbalances in the housing market require policy action on a number of fronts, Reserve Bank Deputy Governor Grant Spencer said today. Read more »

Reserve Bank hits housing crisis ball back to National

Press Release – Green Party

Comments by the Reserve Bank today that the Government should consider further reducing the tax advantage of investing in residential housing highlight that the Government could be doing much more to fix the housing crisis, the Green Party … Read more »

Reserve Bank pleas for action from Government

Press Release – New Zealand First Party

The Reserve Bank has stopped asking and is now pleading with the Government to take urgent action on the housing crisis, says Labours Finance spokesperson Grant Robertson. Read more »

Key tells Reserve Bank to ‘get on with it’

Article – BusinessDesk

July 5 (BusinessDesk) – Prime Minster John Key has indicated he’d support a move by the Reserve Bank to try to take the heat out of the property market by raising restrictions on lending to property investors. Read more »

East Asia Pacific central banks reinvest Asian Bond Funds

Press Release – Reserve Bank

A group of East Asia Pacific central banks is closing its US-dollar denominated bond fund and transferring the investment to a local-currency bond fund in order to enhance local-currency bond market development in the region. Read more »

RBNZ outlines priorities in Statement of Intent

Press Release – Reserve Bank

The Reserve Bank is positioning itself to meet the challenges posed by the economic and financial environment, Governor Graeme Wheeler said today when releasing the Statement of Intent (SOI) for 2016-2019 . Read more »

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