ANZ’s economist shave questioned the durability of the housing market’s price increases, considering how stretched values seem to be judging by affordability and debt metrics.
02 Jul 2013 more >>
The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has.
25 Oct 2012 more >>
Economists are watching house prices with extra interest since it was announced that the Reserve Bank will now have to take asset prices into account in setting the Official Cash Rate.
24 Sep 2012 more >>
The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability.
21 Sep 2012 more >>
The Reserve Bank has kept its official cash rate at 2.50% and says little has changed since its previous Monetary Policy Statement in June. “New Zealand’s trading partner outlook remains weak,” Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.”
13 Sep 2012 more >>
Westpac says that if the Official Cash Rate doesn’t rise by July 2013, the country’s housing market could go from warm to “positively frothy”.
01 Aug 2012 more >>
This morning's announcement that the OCR will remain at 2.5% has prompted minimal reaction. Westpac said the Reserve Bank decision to leave the Official Cash Rate at 2.5% hadn’t affected its prediction that the first increase would be in July 2012.
26 Jul 2012 more >>
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5%.
26 Apr 2012 more >>
The chances of floating mortgage rates rising this year remain remote and they might even fall if the New Zealand dollar remains so strong.
26 Apr 2012 more >>
Reserve Bank governor Alan Bollard spooked financial markets slightly into thinking he may raise interest rates sooner than they had anticipated although, as expected, he's left rates unchanged for now.
27 Oct 2011 more >>
Reserve Bank governor Alan Bollard took a bob-each-way approach to reviewing interest rates which has left economists and financial markets scratching their heads.
28 Jul 2011 more >>
Home-owners can be confident floating mortgage rates won't be rising for some time following Reserve Bank governor Alan Bollard's expected decision to keep interest rates on hold.
27 Jan 2011 more >>
Reserve Bank governor Alan Bollard kept the official cash rate unchanged at 2.5%, as expected, and reiterated a mid-year start to rate hikes, saying the subdued pace of recovery will restrain inflation.
11 Mar 2010 more >>
Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The Kiwi tumbled after his statement.
30 Jul 2009 more >>
The Reserve Bank has slashed official interest rates an unprecendented 1 percentage point to 6.5 points, opening the way for cuts to mortgage rates but also highlighting the grim outlook facing the global economy
23 Oct 2008 more >>
Given that the Reserve Bank held the Official Cash Rate (OCR) at 8.25% following its final rate review of the year last week, it is not surprising that there have been few movements in home loan rates since then.
14 Dec 2007 more >>
Nobody could fail to notice the underlying threat to Treasury which was inherent in Alan Bollard's Official Cash Rate (OCR) announcement today
25 Oct 2007 more >>
Reserve Bank Governor Allan Bollard has warned MPs that they will fight the next election campaign amid the highest interest rates in recent times.
06 Aug 2007 more >>
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