No hikes on the agenda until at least 2019

Article – BusinessDesk

Feb. 8 (BusinessDesk) – Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent and continued to signal that rates won’t get raised until the latter half of next year at the earliest due to the lack of inflationary … Read more »

RBNZ Interest Rate Decision – OCR remains at 1.75%

Press Release – HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected. Read more »

Official Cash Rate unchanged at 1.75 percent

Press Release – The Reserve Bank of New Zealand

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Read more »

NZ dollar pares gains on looming RBNZ review

Article – BusinessDesk

Feb. 7 (BusinessDesk) – The New Zealand dollar got a strong lift from positive jobs data but pared the gains late in the day ahead of tomorrow’s Reserve Bank’s monetary policy review when it may attempt to jawbone the currency lower. Read more »

CBL expects credit downgrade as it seeks to raise capital

Article – BusinessDesk

CBL expects credit downgrade as it seeks to raise capital after RBNZ, Irish central bank investigations Read more »

NZ 4Q jobless rate falls to 4.5% with little wage inflation

Article – BusinessDesk

Feb. 7 (BusinessDesk) – New Zealand’s jobless rate fell to a fresh nine-year low in the December quarter but an influx of workers has kept a lid on wage inflation, something that will likely add to the view the central bank will continue to signal … Read more »

Bonus Bonds Analysis Reveals Disparity in Benefits

Press Release – MoneyHub

An investigation into Bonus Bonds prizes reveals near-impossible odds on big prizes and long odds on small prizes Read more »

NZ dollar hovers below 73 US cents as greenback finds favour

Article – BusinessDesk

Feb. 5 (BusinessDesk) – The New Zealand dollar held below 73 US cents amid growing expectations the US Federal Reserve will hike rates more aggressively this year after solid jobs data in contrast to the Reserve Bank which will likely reiterate it won’t … Read more »

Treasury sees inflation slowing to 1% in March quarter

Article – BusinessDesk

Treasury sees inflation slowing to 1% in March quarter on cheap petrol, fees free policy Read more »

Red carpet rolled out for VIPs at China Construction Bank

Article – BusinessDesk

Feb. 5 (BusinessDesk) – New Zealands relationship with China was on show at China Construction Banks opening of a local branch, the first overseas lender approved under the Reserve Banks dual-registration rules. Read more »

NZ dollar drops below 73 US cts on rising US wages

Article – BusinessDesk

Feb. 5 (BusinessDesk) – The New Zealand dollar fell below 73 US cents for the first time in almost a week as faster wage growth in the US stoked inflation expectations, pushing up the greenback and yields on US Treasuries. Read more »

HiFX Morning Update

Press Release – HiFX

Is this the end of the golden summer for the NZDUSD and global equity markets? Read more »

NZ dollar heads for 0.4% weekly gain

Article – BusinessDesk

Feb. 2 (BusinessDesk) – The New Zealand dollar is heading for a 0.4 percent weekly gain against the greenback, which is trading around its lowest levels in more than three years against a basket of currencies. Read more »

No reason for RBNZ to change accommodative policy

Article – BusinessDesk

Feb. 2 (BusinessDesk) – The Reserve Bank is expected to leave the official cash rate at 1.75 percent next week and continue projecting very little increase for the next three years because inflation has slowed in an economy that’s has been on a faster … Read more »

NZ dollar retreats after topping 74 US cents

Article – BusinessDesk

Feb. 1 (BusinessDesk) – The New Zealand dollar fell, having climbed above 74 US cents overnight, with some traders saying it may have seen its highs for the year because US rate hikes will increasingly come into focus. Read more »

NZ dollar climbs above 91 Aust cts on inflation data

Article – BusinessDesk

NZ dollar climbs above 91 Aust cts as inflation misses expectations; greenback still out of favour Read more »

NZ dollar falls, may extend slide on Trump speech, US data

Article – BusinessDesk

Jan. 30 (BusinessDesk) – The New Zealand dollar fell against a broadly stronger greenback and may extend its decline if US President Donald Trump talks up the US dollar in his first State of the Union address. Read more »

PREVIEW: NZ inflation may inch back to mid-point of band

Article – BusinessDesk

PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs Read more »

RBNZ review finds ‘strong case’ for reform

Article – BusinessDesk

Jan. 16 (BusinessDesk) – A review of the Reserve Bank’s decision-making and governance by former State Services Commissioner Iain Rennie found a strong case for reform at the central bank that would strengthen its decision-making process and improve … Read more »

Technology transforms consumer spending

Press Release – Statistics New Zealand

People are spending more online to rent a taxi, or a house for a night, and less on in-car satellite navigation and DVDs, Stats NZ said today. As a result of these changes in technology, the consumers price index (CPI) basket of goods and services … Read more »

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