The bank and the Government need new solutions to the economic damage being done by this raging house market.

WATCH: Has the Reserve Bank made a "poor call" keeping the OCR at 2.25 per cent?

So interest rates stay at a record low - does this mean mortgage rates are going to fall?

The Reserve Bank has left the OCR unchanged.

Our newly introduced five dollar note has won a world currency contest.

What is the lesser of two evils - the housing bubble or low inflation? It's a tough choice when you consider the limited ability of monetary policy to definitively solve either problem.

COMMENT: The Reserve Bank is back in a familiar place - between those two rocks of very low CPI inflation and very high house price inflation.

Bill English scotched speculation that a letter released today showed he is concerned about the Bank's performance.

The letter makes reference to the performance of the Reserve Bank governor although it includes no specific comment on performance of current governor Graeme Wheeler.

Latest CPI stats show that plunging petrol prices have been cancelled out by rising tobacco prices, pushing inflation to 0.2pc.

Westpac economist says a resurgent property market means new lending restrictions are likely.

COMMENT: Migrants are pouring into NZ by the thousand, but these days the new arrivals aren't boosting prices the way they once did.

The Reserve Bank of Australia has unveiled the design of the country's new $5 banknote, and the reaction has been mixed.

New $20, $50 and $100 banknotes use Te Reo Maori.

Blogger Michael Reddell says he makes no claims as to authenticity of the information he received but wanted to ensure the Reserve Bank's process was robust.

Banks rarely pass on full official cash rate cuts to mortgage holders, Reserve Bank data shows.

The knife has been taken to saver's interest rates, but banks have been reluctant to drop mortgage rates.

The BNZ has now followed other major banks and is now passing part of last week's official cash rate cut to its mortgage-holders.

Farm prices would fall by up to 40 per cent and banks would have to write off up to 15 per cent of their loans in a "worst case scenario".

BRIAN FALLOW: An increasingly sombre view of the global economy lies behind the Reserve Bank's decision to cut the official cash rate.

The New Zealand dollar dropped by US1c after the Reserve Bank surprised the market with this morning's OCR cut.

Here's a synopsis of current market thinking: governor doesn't want to cut rates but he will have to cut because the world's so gloomy, writes Liam Dann.

Bill English says he's willing to wait for next year's review of the Reserve Bank's policy targets agreement to consider whether it is still appropriate.

WATCH THE ECONOMY HUB: Home owners could face higher mortgage payments if the Reserve Bank doesn't cut rates further this year.

Quotable Value expert says activity is picking up and investors are starting to return to the market.

Companies issuing more bonds amid expectation Reserve Bank will cut rates.

Economists are divided, but on balance, wait and see looks like the Reserve Bank's best strategy for interest rates, writes Brian Fallow.

New Zealand's economy remains relatively robust, but it feels as if the stakes have risen sharply in the past few weeks, writes Liam Dann.