![Dollar advances against greenback on poor US retail figures](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar advances against greenback on poor US retail figures
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The Reserve Bank has abandoned its one-size-fits-all approach to loan-to-value ratio curbs recognising house price inflation is an Auckland problem.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."
New lending rules targeting Auckland residential property investors will cool the market - but the city's "gravitational pull" will counter any impact, John Key says.
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.
Landlords says tenants will suffer from the Reserve Bank's 30 per cent rental property LVRs and rentals will become scarce.
The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.
Statistics New Zealand figures out today show national guest nights have risen every month for the past year.
New, Auckland-only rules for property lending may be unveiled as early as tomorrow morning.
The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.
New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.
Some regions will "fail" economically and perhaps socially unless we help them to adjust, the Salvation Army says.
Next week's Budget will outline plans by the Government to develop its own land holdings in Auckland in a bid to boost supply.
An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.
The dollar may decline this week as economists bet the Reserve Bank will start cutting interest rates as early as next month.
Core retail spending (excluding fuel and vehicle-related spending) fell 0.8 per cent in April, the first time since last June.
Can we look forward to a brighter future? Will our children do better than us? The West is now looking at a richer future.
Major El Nino events, which typically create extreme weather conditions, immediately sap New Zealand's economic growth and put downward pressure on inflation.
Much of the suspicion around the TPP agreement is fundamentally misconceived says international lawyer Gary Born.
The kiwi touched 74.23 US cents, and was trading at 74.43 cents at 8am in Wellington, from 74.99 cents at 5pm yesterday.
Famed stock picker Warren Buffett says his company, Berkshire Hathaway, should look beyond investment expertise when selecting its next chief executive.
China has had 35 years of hypergrowth, but now it's over. It's going to have to settle for really, really good growth instead.