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Fed leaves key interest rate unchanged
The US Federal Reserve has left its benchmark interest rate unchanged amid fresh doubts about the health of the U.S. job market and 'Brexit' fears.
The US Federal Reserve has left its benchmark interest rate unchanged amid fresh doubts about the health of the U.S. job market and 'Brexit' fears.
The benchmark federal-funds rate target's upper bound will reach 1 percent by year-end, more than 40 economists say.
Market prices are in 75 per cent likelihood of no OCR cut with domestic economy is solid and global outlook is improving.
A week ago, when the Budget had delivered no answers to the hyperinflation of house prices, the PM told us to wait for a National Policy Statement.
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: The NZ dollar has been rising lately, despite the surprise interest rate cut in March and an expected slowdown in the dairy sector.
NZX posted a 9.6 per cent gain in first-quarter revenue as more companies turned to the debt market to raise funds.
COMMENT: Further interest rate cuts would continue to make equities and residential property attractive for some investors, particularly on a short-term basis.
The economy grew faster than expected in the December quarter but economists remained unimpressed.
COMMENT: Little gifted National a new weapon to use against his party, the enemy of orthodoxy, writes Audrey Young.
If Labour was in government it would start with "pretty serious talking" with the banks, says leader.
COMMENT: Yes, you're right that it's really important to consider not raw interest rates but how they compare with inflation.
Central banks in the Euro zone - Sweden, Japan, Denmark and Switzerland - now have negative interest rates on the money deposited with them by banks.
Performance reviews are never fun and they're often more complicated than they should be, writes Bernard Hickey.
We could see those increasing credit spreads eventually find their way to our shores in the form of higher rates, writes Mark Lister.
Some mortgage holders will have to wait till the New Year before getting their interest rate cut - not so for new customers though.
Homeowners are being urged to fix their mortgages now to make the most of record-low interest rates - which experts say are at rock bottom.
The Reserve Bank has cut its official cash rate by a quarter of a percentage point to 2.5 per cent, signalling a likely end to the current easing cycle.
It only took seven years, but zero interest rates are about to be a thing of the past. The question, though, is for how long.
The first United States interest rates rise since 2006 is looking increasingly likely.
Reserve Bank governor Graeme Wheeler says raising interest rates as a short-term monetary policy response to Auckland's overheated housing market is "pretty negligible".
New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.
The Reserve Bank kept its official cash rate on hold but economists said it was only a matter of time before the bank resumed its easing bias.
BNZ has disclosed research finding almost 1 in 3 homeowners will be older than retirement age before they throw off the shackles of a home mortgage.
Auckland Council has applied to have Penny Bright's defamation proceedings struck out, after racking up more than $100,000 on lawyers.
Now is the time for Auckland's first- home buyers to pounce, with interest rates at a record low and entry-level prices dropping, a report says.
Despite cutting interest rates three times this year Reserve Bank governor Graeme Wheeler says he remains optimistic about the New Zealand economy.