
Shadow board tips OCR hold
The NZIER shadow board thinks the Reserve Bank should keep the official cash rate on hold at 2.5 per cent tomorrow.
The NZIER shadow board thinks the Reserve Bank should keep the official cash rate on hold at 2.5 per cent tomorrow.
The New Zealand dollar has continued its rally, topping 86 US cents and charting a new record on a trade-weighted basis.
Stellar growth in the last three months of 2012 indicates the economy started this year with more momentum than expected - sufficiently more, perhaps, to counter the headwind of drought.
The International Monetary Fund counsels against "messing with" the NZ monetary policy framework.
Reserve Bank governor Graeme Wheeler delivered a warning to the financial markets yesterday - don't assume interest rates can only go up from here.
The Reserve Bank is taking a more collegial approach to decision-making, with governor Graeme Wheeler announcing a governing committee.
Bill English says the Government is "considering formalising" proposals to restrict bank lending and other "tools" to control credit growth.
A slight rebound in the number of new home listings last month did little to alleviate pressure in the property market.
A month after releasing new budget forecasts, the New Zealand government is tracking above them.
The Reserve Bank is unlikely to cut its official cash rate, economists say, despite another quarter of weak inflation. The consumers price index fell 0.2 per cent in the December quarter, when the markets and the Reserve Bank had expected a 0.1 per cent r
Low floating mortgage interest rates look set to lift in the second half of next year, economists say.
Reserve Bank eyes tools to help prevent booms and busts that devastate household and bank balance sheets.
A rise in household incomes that is greater than the average house price rise makes recent real estate market buoyancy unsurprising, says Bill English.