Want to know what central bankers will do in the next few years? There's a Bank of England website page you need to read.

Auction clearance rates have dropped and attendance rates are down as soaring prices flatten out.

New Zealand dollar drops after US Federal Reserve talked up the chances of US rate hike.

Let's take a deep breath: It shouldn't matter that much whether the Federal decides this week to raise interest rates by 25 basis points, or possibly even less.

New research finds that many businesses in NZ do not have a clear understanding of inflation rates, much less the role of the central bank.

State-owned bank now offering six-month rates of 5.19 per cent - and 4.59 per cent for a two-year term.

Most economists expect the bank to now retain an easing bias, with some tipping the rate to drop to 2 per cent.

The kiwi dollar has fallen by a full US cent this morning after the Reserve Bank cut the official cash rates to 2.75pc.

Global equity markets gained and commodity markets rallied overnight, triggered in part by a late surge in Chinese equities.

Shares on both sides of the Atlantic moved higher overnight, triggered in part by a late surge in Chinese equities.

The mortgage rate war is heating up ahead of a widely tipped rates cut on Thursday, with ASB now matching the 4.35pc rate BNZ unveiled last week.

Traders have put 78 per cent odds of Reserve Bank governor Graeme Wheeler cutting the official cash rate.

The Reserve Bank is expected to cut interest rates this week, fueling belief that banks will follow suit and cut mortgage rates.

The NZ dollar declined after US labour market data left open the possibility of US interest rate hikes this month.

Prices of onion - a staple in diets of India nationals - have almost doubled since July, leading to a series of widely-reported heists in recent weeks.

BNZ reduces one-year fixed rate to 4.35 per cent ahead of Reserve Bank's expected announcement that OCR will be cut.

Barfoot & Thompson blames fall in Auckland market on winter weather, the Reserve Bank and international economic instability.