![Investors snapping up Auckland houses](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Investors snapping up Auckland houses
One in seven houses sold in Auckland are being bought by people who already own five or more properties.
One in seven houses sold in Auckland are being bought by people who already own five or more properties.
Groceries were cheaper in September, impacted by cheaper bananas, lamb and chicken.
Housing Minister Nick Smith says there are tentative signs that the Auckland housing market could be cooling down, but he will not be confident until prices have eased for six months or more.
John Key has signalled a rapid and unexpected rise in interest rates and "something big that happens internationally" as the biggest threats to the NZ economy.
Reserve Bank Governor Graeme Wheeler says more easing is needed to get inflation back within the target band.
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
A former member of the Reserve Bank's Monetary Policy Committee is questioning wide-spread expectations that interest rates will remain low.
Auckland property developers fear that a sudden tightening of bank lending may "throttle" new housing projects despite the city's desperate housing shortage.
Trustees of the Reserve Bank staff superannuation fund have confirmed that it has investments in companies that may be involved in
Governor Graeme Wheeler outlines why he doesn't see the need to take a slash and burn approach to interest rates.
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.
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.
The Reserve Bank has delayed the start of changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October
Reserve Bank Governor Graeme Wheeler talks to Liam Dann about the issues behind the rates cut decision.
The export sector's hopes for a lower exchange rate were dashed yesterday.
COMMENT: Despite a 0.25 cash rate cut to a record low of 2 per cent, our dollar shot up almost one US cent this morning.
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 has called for an urgent review of monetary policy - saying the reaction to today's rates cut shows change is needed.
The kiwi dollar tops 72 US cents ahead of the interest rate call by Reserve Bank governor Graeme Wheeler
COMMENT: Auckland's housing bubble has spread to Tauranga and Hamilton: it's time to act
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.
EDITORIAL: This country has no need to lower its interest rates.
We might not trouble the top of the Olympic medal table but when it comes to bond yields New Zealand is leading the pack.