'No optimism' over high payouts for dairy farmers
Challenges facing the dairy industry are taking their toll on farmers, Federated Farmers West Coast provincial president Peter Langford says.
Challenges facing the dairy industry are taking their toll on farmers, Federated Farmers West Coast provincial president Peter Langford says.
New lending restrictions for property investors will make it harder for small-business owners to access capital.
COMMENT: Real danger is house prices, not low inflation.
Making investors stump up a deposit of nearly $400,000 for the average Auckland home is expected to dampen house price inflation by up to 5 per cent.
Labour and the Greens say the new lending rules won't be enough to slow rapid property price hikes.
Bill English has blamed house price inflation on Auckland planning rules, which have prevented the city from growing out.
COMMENT: The Auckland housing market is planned chaos. We have Government intervention upon intervention.
The Reserve Bank has told the Government to review immigration policy in a bid to stem rising house prices.
COMMENT: If John Key was trying to hurry the Bank to hit investors with tougher lending restrictions, he has been ignored.
The NZ dollar is heading for a 1.4 per cent weekly gain on a trade-weighted basis.
Former Reserve Bank chairman calls on Government and Council to enact policies to "collapse" the city's house prices.
Housing was listed as an issue in both the monetary policy and financial stability section of the statement.
COMMENT: At a meeting in Zurich on Saturday central bank governors from around the world pledged to support financial markets to avoid Brexit contagion.
COMMENT: Here's why the Reserve Bank has made the right move this morning.
Market prices are in 75 per cent likelihood of no OCR cut with domestic economy is solid and global outlook is improving.
The Government has begun discussions with the Reserve Bank about income-related restrictions on mortgage lending, Finance Minister Bill English has confirmed.
Soaring house prices spurred by Auckland's rampant real estate market is one of the most pressing problems facing John Key ahead of Thursday's Budget.
Dairy prices should start improving 'in the medium term'.
Reserve Bank debt-to-income caps would be disastrous for house buyers and the residential and building sector, says a real estate chief.
Shiny new $20, $50 and $100 banknotes are in circulation from today - but you might not see one for a while.
The Government should tilt the market in favour of those still waiting for the Kiwi dream.
COMMENT: The Reserve Bank was radiating signals this week that its next intervention in the housing market may well target debt-to-income ratios.
A typical household would be blocked from getting a mortgage of more than $405,000 under debt-to-income restrictions being considered by the Reserve Bank.
Housing debt got all the attention yesterday, but dairy debt remains near the top list of Reserve Bank of the threats to the economy.
The Reserve Bank halted its briefings for media and analysts after a breach of the embargo by a MediaWorks reporter.
The New Zealand dollar may decline this week on expectations the Reserve Bank could add further restrictions to the housing market, paving the way for future interest rate cuts.
COMMENT: Broadly the banks have strong balance sheets but New Zealand's private debt levels are high and rising.
The door remains open to further official cash rate cuts after the Reserve Bank held the OCR steady while predicting inflation will pick up.