![Why Reserve Bank was right to hold rates](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Why Reserve Bank was right to hold rates
COMMENT: Here's why the Reserve Bank has made the right move this morning.
COMMENT: Here's why the Reserve Bank has made the right move this morning.
Market prices are in 75 per cent likelihood of no OCR cut with domestic economy is solid and global outlook is improving.
Pressure is coming on Govt to fix rules that are effectively stopping banks from helping foreign workers to send money home.
The Government has begun discussions with the Reserve Bank about income-related restrictions on mortgage lending, Finance Minister Bill English has confirmed.
The Reserve Bank has softened the policies it's looking at imposing for banks that outsource some of their services.
Soaring house prices spurred by Auckland's rampant real estate market is one of the most pressing problems facing John Key ahead of Thursday's Budget.
Watch: Economy Hub: Does the PM's promise of $3b in tax cuts threatens to make next week's budget "obsolete".
New Zealand inflation expectations rose slightly in the Reserve Bank's latest quarterly survey, after the previous survey's surprisingly weak outcome.
Reserve Bank debt-to-income caps would be disastrous for house buyers and the residential and building sector, says a real estate chief.
Shiny new $20, $50 and $100 banknotes are in circulation from today - but you might not see one for a while.
The Government should tilt the market in favour of those still waiting for the Kiwi dream.
The Reserve Bank may hold off cutting interest rates until August rather than moving in June because the economy isn't looking so bad and it's tactically better to wait longer.
It's the lowest rate since the bank began in 2002, and the first rate from a major bank under 4 per cent.
COMMENT: The Reserve Bank was radiating signals this week that its next intervention in the housing market may well target debt-to-income ratios.
A typical household would be blocked from getting a mortgage of more than $405,000 under debt-to-income restrictions being considered by the Reserve Bank.
Housing debt got all the attention yesterday, but dairy debt remains near the top list of Reserve Bank of the threats to the economy.
New lending restrictions to prevent people borrowing too much relative to their income are on the cards.
The New Zealand dollar may decline this week on expectations the Reserve Bank could add further restrictions to the housing market, paving the way for future interest rate cuts.
COMMENT: Broadly the banks have strong balance sheets but New Zealand's private debt levels are high and rising.
The Reserve Bank has banned MediaWorks from its media conferences as punishment for journalists leaking sensitive market information.
The Reserve Bank of Australia has showed it is more worried about deflation than house prices after it cut its OCR by a quarter of a percentage point.
The door remains open to further official cash rate cuts after the Reserve Bank held the OCR steady while predicting inflation will pick up.
The bank and the Government need new solutions to the economic damage being done by this raging house market.
WATCH: Has the Reserve Bank made a "poor call" keeping the OCR at 2.25 per cent?
So interest rates stay at a record low - does this mean mortgage rates are going to fall?
Falling interest margins amid a fiercely competitive lending market contributed to a downturn in the New Zealand banking sector's profitability.
Our newly introduced five dollar note has won a world currency contest.
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.