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LVR restrictions to remain: RBNZ
At least 4500 kiwis hoping for an end to mortgage restrictions will have to wait longer before they can buy a place, a financier has calculated.
At least 4500 kiwis hoping for an end to mortgage restrictions will have to wait longer before they can buy a place, a financier has calculated.
First-home buyers took out only 10 per cent by value of mortgages given by New Zealand banks in September.
Loan to value ratios on bank mortgage lending could be in for a change this week when the Reserve Bank releases its financial stability report.
New Zealand has had a lucky break. We have come through a phase of rapid economic growth without generating any serious spike in inflation.
It's time the Reserve Bank found a way to rein in New Zealand's biggest landlords, writes Bernard Hickey.
The New Zealand economy has managed the ultimate "Houdini" act by avoiding the inflationary pressures that usually go along with strong growth, Westpac said.
Is inflation dead? The annual rate has fallen to 1 per cent, dangerously close to dropping outside the Reserve Bank's target band.
Economists now expect the Reserve Bank to keep interest rates on hold until September next year after inflation in the September quarter proved even more benign than it had forecast.
The Reserve Bank's introduction of limits to low-equity mortgage lending last year had "a dampening" impact on house price inflation, Graeme Wheeler said today.
The Reserve Bank has released an animated educational video explaining the functions of money in New Zealand.
New Zealand food prices fell in September, as cheaper cheese and seasonal fruit and vegetables offset rising meat prices.
NZ has a "rock star economy" and surveys reveal high levels of business confidence, but what could make the economy run out of puff? Peter Lyons looks at the issue.
The NZ dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market.
The New Zealand dollar dropped against the greenback yesterday afternoon after the Reserve Bank released data which confirmed that it had put its money where its mouth was last month, selling $521 million in a bid to push the exchange rate lower.
The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to bring it down.
Despite costing $3.6 billion, the can of coke I purchased in Harare some years back tasted no different to the Auckland $2 variety.
NZ food prices rose in August, paring the previous month's fall, as more expensive tomatoes, lettuce and broccoli offset discounted breads.
What should an inflation-targeting central bank do when inflation is proving unexpectedly slow to make an appearance?
In an effort to lower rates and weaken the currency, Labour is pledging to broaden the RBNZ's policy goal by re-writing its main objective.
The Reserve Bank still sees interest rate increases in our future but fewer and further between than it foreshadowed three months ago, writes Brian Fallow.
Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.
NZIER's monetary policy shadow board recommends the Reserve Bank keep the official cash rate on hold at 3.5 per cent tomorrow.
A top economist has labelled small political parties' policies "mad" and a serious risk to New Zealand.
'Interest rates will be lower for longer but eventually higher" is the tricky message the Reserve Bank will seek to convey when it delivers its monetary policy statement on Thursday.
The New Zealand dollar took a sudden and unexplained dip in early trading yesterday, fuelling speculation that the Reserve Bank may have chosen to exploit thin trading conditions.
We all know that we should save to ensure our golden years really do turn out to be what the name suggests but why do we find it so hard to do so?