Rates could be put on hold for 2 years
Reserve Bank Governor Graeme Wheeler is expected to move his lips when he delivers his Monetary Policy statement on Thursday, but not much else.
Reserve Bank Governor Graeme Wheeler is expected to move his lips when he delivers his Monetary Policy statement on Thursday, but not much else.
It is hard to understand why Finance Minister is wary about giving the Reserve Bank the power it wants to impose an income limit on house mortgage lending.
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A bombshell hit London this week: Mark Carney, the most powerful man in the British economy, will only be in his job until mid-2019.
The former leader of the UK Conservative Party, has warned the policies of central banks are pumping up stock markets and house prices.
New data tomorrow is expected to show inflation near zero - so why does it feel like the cost of living is rising?
Report shows children born in the 1980s only have half the wealth those born a decade earlier did at the same age - and they are unlikely to catch up.
The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation outlook
Governor Graeme Wheeler outlines why he doesn't see the need to take a slash and burn approach to interest rates.
A 2016 rate hike from the Fed is still under consideration, as the U.S. economy is close to meeting the central bank's goals.
Reserve Bank governor Graeme Wheeler might be wondering right now what he has to do to move the needle on retail interest rates or the dollar.
HSBC has slashed its two year fixed home loan rate to a 50 year record low 3.79 per cent
COMMENT: Low inflation, low wage growth is creating asset bubbles, exacerbating inequality and driving instability, writes Liam Dann.
It's the weakest housing sentiment result since early 2012.
COMMENT: The Reserve Bank may be missing its target, but we shouldn't give up so easily just because it is hard to hit.
Higher fixed-term rates are not likely to deliver the funding boost that lenders are looking for, experts say.
COMMENT: Financial markets often don't do what we expect them to.
The BNZ has followed in the footsteps of its Australian-owned rivals shaving a tiny fraction off its floating mortgage rate and boosting
COMMENT: There is little NZ can do about high dollar or inflation.
Reserve Bank Governor Graeme Wheeler talks to Liam Dann about the issues behind the rates cut decision.
Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.
Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.
Labour housing spokesman Phil Twyford has called for a bank lending loophole to be closed, saying it is accidentally capturing people
COMMENT: Reserve Bank is expected to lower its base interest rate again but the target range puts it under undue pressure.
We might not trouble the top of the Olympic medal table but when it comes to bond yields New Zealand is leading the pack.
EDITORIAL: This country has no need to lower its interest rates.
The Reserve Bank of Australia has cut its cash rate to 1.5 per cent, a fall of 25 basis points. In a statement, governor Glenn Stevens
New restrictions on property investors could see nationwide house sales fall as much as 25pc in a year, but the effects are likely to be temporary .
The Reserve Bank driven the exchange rate down after it signalled a likely cut in the cash rate next month and raised possibility of further reduction.