Latest FromReserve Bank of NZ
![New, bright bank notes released today](/pf/resources/images/placeholders/placeholder_l.png?d=793)
New, bright bank notes released today
New $5 and $10 notes are released into circulation today.
![Will the Reserve Bank cut in October?](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Will the Reserve Bank cut in October?
No news was not good news when the US Federal Reserve left rates on hold last week.
![Bank braked too hard, too long](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bank braked too hard, too long
Policymakers inevitably get things wrong from time to time, writes Brian Fallow. But if they are to learn from their mistakes, they first have to acknowledge that they are mistakes.
![How ignorance undermines the Reserve Bank](/pf/resources/images/placeholders/placeholder_l.png?d=793)
How ignorance undermines the Reserve Bank
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.
![Wheeler upbeat despite rate cuts](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Wheeler upbeat despite rate cuts
Despite cutting interest rates three times this year Reserve Bank governor Graeme Wheeler says he remains optimistic about the New Zealand economy.
![Kiwibank cuts mortgage rates again](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwibank cuts mortgage rates again
State-owned bank now offering six-month rates of 5.19 per cent - and 4.59 per cent for a two-year term.
![More rate cuts in the pipeline](/pf/resources/images/placeholders/placeholder_l.png?d=793)
More rate cuts in the pipeline
The Reserve Bank surprised no one by cutting its official cash rate at yesterday's official cash rate review. The challenge now facing the central bank lies not in holding inflation down, but in holding it up.
![Reserve cuts rates, banks follow suit](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Reserve cuts rates, banks follow suit
Most economists expect the bank to now retain an easing bias, with some tipping the rate to drop to 2 per cent.
![Magic word that could change your rates](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Magic word that could change your rates
Interest rate cut this week is certain but all eyes will be hunting for clues to the future.
![NZ dollar hostage to Fed rate hike](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar hostage to Fed rate hike
Will they or won't they is the question that has been on investors' minds as they try to guess when the US Federal Reserve will raise official rates.
![First shot in mortgage rates war?](/pf/resources/images/placeholders/placeholder_l.png?d=793)
First shot in mortgage rates war?
BNZ reduces one-year fixed rate to 4.35 per cent ahead of Reserve Bank's expected announcement that OCR will be cut.
![Maori trust in row over new bank note](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Maori trust in row over new bank note
Te Hau ki Turanga Trust claims the Reserve Bank used one of its cultural patterns on the new $10 bank note without permission.
![Show us the money: new notes revealed](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Show us the money: new notes revealed
Final versions of the new $5 and $10 banknotes have been revealed - with brighter colours, but the same famous faces and flora and fauna design features.
![Business confidence slips to GFC levels](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Business confidence slips to GFC levels
Business confidence has dropped to levels last seen in the immediate aftermath of the global financial crisis.
![NZX ignores Wall Street's weak finish](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZX ignores Wall Street's weak finish
In the first minutes of trade, the S&P/NZX50 was up 28 points, led by post-result gains from Air NZ and Metlifecare.
![China stocks tumble again](/pf/resources/images/placeholders/placeholder_l.png?d=793)
China stocks tumble again
The New Zealand sharemarket staged a comeback yesterday after being 2.5 per cent down at one point but China's sharemarket rout continues.
![Wheeler talk and US vibe weigh on kiwi](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Wheeler talk and US vibe weigh on kiwi
The New Zealand dollar fell as Reserve Bank governor Graeme Wheeler's message that the currency needs to depreciate combined with a more optimistic United States labour market.
![Dollar up on rosier Wheeler talk](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar up on rosier Wheeler talk
The dollar has rallied after what the markets perceived as a more optimistic view of the economy from Reserve Bank Governor Graeme Wheeler.
![William Pesek: Now the markets are doing the bullying](/pf/resources/images/placeholders/placeholder_l.png?d=793)
William Pesek: Now the markets are doing the bullying
Just one year ago, it seemed unthinkable that officials in Wellington and Sydney, more typically known for their hawkishness and stubborn independence, would join the global race towards zero.
![What first-home buyers are up against](/pf/resources/images/placeholders/placeholder_l.png?d=793)
What first-home buyers are up against
New Zealand banks approved three times as many mortgages for investors as they did for first home-buyers over the past year, Reserve Bank figures show.
![More cuts on the horizon](/pf/resources/images/placeholders/placeholder_l.png?d=793)
More cuts on the horizon
Reserve Bank governor Graeme Wheeler yesterday delivered the 25 basis points cut to the official cash rate down to 3 per cent that the markets had expected and foreshadowed more to come.
![Cash rate cut: What it means for you](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Cash rate cut: What it means for you
Banks reduce mortgage rates on the back of Reserve's announcement - and it's likely the OCR will fall further.
![Brian Fallow: Wheeler has struck the right note](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Brian Fallow: Wheeler has struck the right note
Wheeler struck the right note in this morning's official cash rate announcement: appropriately dovish but not alarmist.
![Shadow board favours OCR cut](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Shadow board favours OCR cut
NZIER's monetary policy shadow board favours a cut to the official cash rate of 25 basis points to 3 per cent tomorrow.
![Markets forecast cash rate cut](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Markets forecast cash rate cut
The markets regard it as virtually certain the Reserve Bank will cut the official cash rate from 3.25 to 3 per cent on Thursday and they will focus instead on what the accompanying comments signal....
![Petrol rise only inflation booster](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Petrol rise only inflation booster
Inflation remained low in the June quarter, but not quite as low in Auckland as in the country as a whole.