![NZ dollar down after US payroll surge](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar down after US payroll surge
The New Zealand dollar fell in New York trading after figures showed the United States economy stacked on thousands more jobs than
The New Zealand dollar fell in New York trading after figures showed the United States economy stacked on thousands more jobs than
COMMENT: Normally the banks would just pass on the Cash Rate cut to mortgage borrowers and term-deposit savers, but this time is likely to be different.
Traders say a Reserve Bank interest rate cut next week is a foregone conclusion.
A slice of Kiwi history could be yours, although it'll cost you at least $41,500 ... and possibly much more.
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 .
Challenges facing the dairy industry are taking their toll on farmers, Federated Farmers West Coast provincial president Peter Langford says.
New lending restrictions for property investors will make it harder for small-business owners to access capital.
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.
COMMENT: Real danger is house prices, not low inflation.
The chief executive of New Zealand's largest bank has warned that the property market may face a "messy end".
Making investors stump up a deposit of nearly $400,000 for the average Auckland home is expected to dampen house price inflation by up to 5 per cent.
Labour and the Greens say the new lending rules won't be enough to slow rapid property price hikes.
Watch NZ Herald Focus: Liam Dann says the Reserve Bank will be criticised as a blunt and unwieldy weapon - but there's a need for action.
The New Zealand dollar dropped after the Reserve Bank opened the door for interest rate cuts as soon as next month with the extension
Bill English has blamed house price inflation on Auckland planning rules, which have prevented the city from growing out.
COMMENT: The Auckland housing market is planned chaos. We have Government intervention upon intervention.
The Reserve Bank is trying to understand why inflation has undershot expectations over the past six years.
Prime Minister reiterated that he wants the Reserve Bank to crack down on property investors immediately.
COMMENT: If John Key was trying to hurry the Bank to hit investors with tougher lending restrictions, he has been ignored.
Reserve Bank says Government should consider reviewing it immigration policy, as migrants were driving up housing demand.
Tenants and first home buyers will suffer if tougher new invesor lending rules are introduced, says a landlords group. Andrew King
COMMENT: It is a pretty crap society that pulls the ladder up on younger people or those less well off just because they want to preserve their new unearned wealth.
A tightening labour market and a slight lift in pricing intentions are among the early signs that inflation may finally be starting to edge up.
A call by a former Reserve Bank chief economist to flood Auckland with new houses is "crazy", says Prime Minister John Key.
The NZ dollar is heading for a 1.4 per cent weekly gain on a trade-weighted basis.
Former Reserve Bank chairman calls on Government and Council to enact policies to "collapse" the city's house prices.
Housing was listed as an issue in both the monetary policy and financial stability section of the statement.
COMMENT: At a meeting in Zurich on Saturday central bank governors from around the world pledged to support financial markets to avoid Brexit contagion.
The Reserve Bank is about to undertake a major review of the capital regime for New Zealand's retail banks.
Two of our biggest banks will no longer lend to overseas-based buyers of New Zealand property.