
NZ dollar rallies after OCR cut announced
NZ Dollar jumped over half a US cent to US67.30 after OCR cut to 2.50 per cent.
NZ Dollar jumped over half a US cent to US67.30 after OCR cut to 2.50 per cent.
Do you live off savings? Or maybe paying off a mortgage? Here's why the OCR matters.
Latest QV stats: Moves by the Government and Reserve Bank to slow Auckland's heated housing market are having an effect - but not yet on prices.
Economists at Westpac and ASB forecast a drop in the OCR to 2 per cent next year.
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.
Million dollar-plus properties are selling at the rate of 25 a day in NZ - 22 a day in Auckland - and at nearly double the frequency of the previous year.
Average asking prices for Auckland homes have dropped more than $18,000 in just a month, says realestate.co.nz.
Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.
Zero interest rates might be around awhile longer, that was the message last week from Federal Reserve governors.
The Treasury is warning that economic growth this year might drop below 2 per cent. That would mean virtually zero in per capita terms, writes Brian Fallow.
Consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fee
Inflation probably slowed in the third quarter due in large part to a big ACC levy drop.
Business confidence extended its decline in the third quarter, plunging to its lowest level in more than four years.