Editorial: Reserve Bank is solving the wrong issue
EDITORIAL: This country has no need to lower its interest rates.
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.
The Reserve Bank is trying to understand why inflation has undershot expectations over the past six years.
Prime Minister John Key has expressed further frustration about the Reserve Bank's response to rising house prices.
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.
Prime Minister John Key says he "potentially" supports income-related restrictions on mortgage lending.
The kiwi dollar has jumped 1.3 per cent after the Reserve Bank left rates on hold this morning.
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.
Bill English says the Government could set a house price-to-income ratio to ensure councils release the right amount of land to keep housing affordable.
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.
The Reserve Bank could expand mortgage lending restrictions in an effort to head off the housing boom as it rolls down the country, economists say.
An Auckland economist says recent changes to tax and deposit rules didn't dampen the property market - and he expects prices to keep climbing.
Inflation for the first quarter of the year was bang on Reserve Bank expectations and won't add weight for another rate cut next week, say economists.
Brexit and growing economic inequality has been highlighted by the IMF as a risk to the global economy.
Real estate chief says fears about Auckland property market unfounded as prices rocket 14 per cent.
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.
When it comes to what influences housing markets in New Zealand and Australia, we're all in it together.
COMMENT: The irony is banks have helped Reserve Bank avoid the feared side effect of the rate cut of adding more fuel on Auckland property price fires.
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.
COMMENT: It's Friday morning, the day after the Reserve Bank Governor's bombshell rate cut and I've muddled my diary.
Three banks say they will pass on only part of the surprise official cash rate cut made by the Reserve Bank.
Wheeler's surprise move at odds with the way he was talking a few weeks ago, write Liam Dann.
WATCH: Fran O'Sullivan, Brian Gaynor and Liam Dann dissect the surprising rate cut and what it means for house prices.