![Cash rate could go as low as 2pc](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Cash rate could go as low as 2pc
Reserve Bank may take interest rates to a new record low by October.
Reserve Bank may take interest rates to a new record low by October.
Confidence fell as households turned sour on the economic outlook, although more remain positive rather about their personal situation.
Consumer prices rose as a weaker currency and higher global oil prices lifted the cost of petrol.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.
How can the air be gently let out of the souffle without having it collapse? Mathhew Goodson writes.
The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 per cent for a second month, saying accommodative monetary policy is needed in an economy growing slower than its....
Advice released under the Official Information Act reveals a Treasury sceptical of the case for targeting high-LVR investors in Auckland, writes Brian Fallow.
Auckland's credit-financed housing bubble is a grave threat to the NZ economic outlook, writes Matthew Goodson.
ASB Bank says it now expects the Reserve Bank to slash the OCR throughout this year, returning rates to a record low of 2.5pc.
Brace yourself for life with a less valuable dollar. It won't be easy, we've grown used to the buying power that a strong currency brings.
Reserve Bank governor Graeme Wheeler and exporters alike will be taking some comfort from the devaluation of the NZ dollar and analysts are calling it lower still.
A second interest rate cut by the Reserve Bank next month is now a done deal and a third is increasingly on the cards before the year is out.
The New Zealand dollar extended its decline after sinking below US70c last week for the first time in five years, with traders awaiting economic data for clues to the track of interest rates.
More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.
ASB customers should be in line for a drop in their home loan interest rates this month.
"Not at all" was governor Graeme Wheeler's response when asked on Thursday if the Reserve Bank had made a policy mistake last year in raising interest rates.
Two more major banks have announced mortgage rate cuts following the Reserve Bank's decision yesterday to lower the official cash rate.
The Reserve Bank's decision to lower the official cash rate has been heralded as a positive move for house buyers outside Auckland.
Editorial: At first glance, there was an odd aspect to the Reserve Bank's decision to cut the official cash rate to 3.25 per cent.
Reserve Bank governor Graeme Wheeler has defended the decision to lower the Official Cash Rate amid concerns it could worsen the unaffordability of house prices in Auckland.
Banks have slashed mortgage rates this morning in reaction to the Reserve Bank cutting the Official Cash Rate to 3.25 per cent.
NZIER’s shadow monetary policy board favours an on-hold decision when the Reserve Bank reviews the official cash rate.
Too many drivers are keeping the Auckland property market hot, and experts see little or no change, as David Maida discovers.
Auckland prices have been rising faster than elsewhere in the country, due to recent action by the Reserve Bank and the Govt.
Financial markets see it as a line-ball call whether Reserve Bank Governor Graeme Wheeler cuts the official cash rate from 3.5 to 3.25 per cent on Thursday.
The day of the Kiwi quarter-acre dream is a dream of yesteryear, especially for those of us who call Auckland home.
To cut or not to cut? That is the question the Reserve Bank confronts ahead of next week's official cash rate decision, writes Brian Rudman.