NZ dollar drops after Fed signals US economic recovery ahead

Article – BusinessDesk

March 20 (BusinessDesk) The New Zealand dollar dropped almost three-quarters of a US cent after the Federal Reserve raised its projections for future US interest rates, signalling it sees recovery ahead for the worlds largest economy and spurring … Read more »

NZ dollar holds gains as RBA affirms optimism about Aussie

Article – BusinessDesk

March 18 (BusinessDesk) – The New Zealand dollar held gains in local trading after board minutes from the last Reserve Bank of Australia meeting were sufficiently upbeat to affirm investors views on the growing strength of Australias economy. Read more »

NZ dollar advances as investors favour risk sensitive assets

Article – BusinessDesk

March 18 (BusinessDesk) The New Zealand dollar rose as investors returned to more risk sensitive assets as fears over an escalation of tension in Ukraine proved unfounded and markets were relatively stable after China widened the trading band … Read more »

Government doing all it can for households hit financially

Press Release – TVNZ

The Government doing all it can for households hit by interest rates rises The Finance Minister Bill English told TVNZs Q+A programme that the Government is doing all it can to help households affected by interest rate rises: There isn’t some kind … Read more »

Green Party says it’s time to reform the Reserve Bank Act

Press Release – TVNZ

Green Party says its time to reform the Reserve Bank Act Green Party co-leader Russel Norman told TVNZs Q+A programme today that jacking up the OCR is not the only answer to the threat of inflation. He said the Green Party wants a broader … Read more »

The Nation 15, 16 March 2014: Poll, Peters, OCR

Press Release – The Nation

The last 3News/Reid Research poll showed that this years election could be dominated by New Zealand First. The party could well hold the balance of power and the big question on everyones lips is whether theyll go with National or Labour. Read more »

Democrats for Social Credit rejects failed policy

Press Release – Democrats for Social Credit

Reserve Bank governor Graeme Wheeler has rolled out a tired, outdated, failed policy with todays announcement of a .25 percent increase in the official cash rate, says Democrats for Social Credit Deputy Leader and Finance Spokesman, Chris Leitch … Read more »

NZ Entrepreneurs confident in the face of OCR increase

Press Release – Entrepreneurs’ Organisation

New Zealands Official Cash Rate increased this morning from 2.5 to 2.75 per cent, sending many new home buyers into despair. For New Zealand entrepreneurs though, the outlook is much different. Read more »

Reserve Bank Sets Out Aggressive Track For Rate Rises

Press Release – Trans Tasman

The Reserve Bank has kicked off a series of interest rate rises, ending a 3-year run when the official cash rate stood at a record low of 2.5%, as the NZ economy outperforms its peers. Read more »

RBNZ’s Wheeler doesn’t expect ‘significant’ rise in kiwi

Article – BusinessDesk

RBNZs Wheeler doesnt expect significant rise in kiwi, now at post-float high, as rates increase Read more »

Careful management of inflationary pressures needed

Press Release – BusinessNZ

Prudent advance signalling will have led to todays OCR change being factored in by markets, easing concerns of a strengthened dollar, says BusinessNZ. Chief Executive Phil OReilly says changes in interest rates need to take into account the unique … Read more »

Inflation or Growth Ridiculous Options – New Economics Party

Press Release – New Economics Party

The unproductive arguments raging among economists and central banks about when and how much to raise interest rates to curb inflation illustrates the complete failure of conventional economic theory, according to Deirdre Kent, spokesperson for the … Read more »

RBNZ Crocodile Tears

Press Release – NZMEA

The Reserve Bank of New Zealands (RBNZ) decision to increase the OCR by 25 basis points to 2.75% today is too early, and has the potential to further damage the tradable sector; say the New Zealand Manufacturers and Exporters Association (NZMEA). Read more »

RBNZ Observer Update: Hiking phase underway

Press Release – HSBC Bank

The RBNZ raised its cash rate by 25bps to 2.75%, as expected. The economy is continuing to pick up strongly and the RBNZ is now on a path to return rates towards more normal levels to keep inflation contained. Read more »

Reserve Bank Act Dinosaur Must Go

Press Release – New Zealand First Party

The Reserve Banks decision to lift the official cash rate today brings into focus the urgent need to update the Reserve Bank Act, now something of a dinosaur, says New Zealand First. Read more »

NZ dollar rises after RBNZ hikes rates, signals more to come

Article – BusinessDesk

NZ dollar rises to 5-month high after RBNZ hikes rates, signals more to come Read more »

Reasons for interest rate rise not convincing

Press Release – New Zealand Council of Trade Unions

Reasons for interest rate rise not convincing The Reserve Bank has not given a convincing case that general inflation is a big enough risk to raise interest rates, says CTU Economist Bill Rosenberg. In fact it seems to be pushing against higher … Read more »

ACT leader Jamie Whyte supports Reserve Bank Governor

Press Release – ACT New Zealand

ACT Leader Jamie Whyte strongly supports the Reserve Bank Governor’s decision to raise interest rates. “All party leaders should be supporting the independence of the Reserve Bank Governor. The statements from the leader of the Opposition are … Read more »

Government housing failure forces up interest rates

Press Release – New Zealand Labour Party

Homeowners and first home buyers will feel todays interest rate increase as the tightening of the noose, says Labours Finance spokesperson David Parker and Housing spokesperson Phil Twyford. The Government has been incapable of reining in the … Read more »

Don’t let interest rate increases delay your plans

Press Release – Jennian Homes

With the Reserve Bank increasing interest rates as expected, the countrys most awarded home builder Jennian Homes has offered up advice for homeowners questioning how the interest rate hike will impact them and how best to maximise the opportunity. Read more »

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