monetary policy
The RBNZ’s Monetary Policy Committee should meet more regularly, Prime Minister Christopher Luxon says
23rd Jan 25, 3:44pm
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The RBNZ’s Monetary Policy Committee should meet more regularly, Prime Minister Christopher Luxon says
Economists say an uptick in headline inflation due to the weak dollar and rising oil prices shouldn’t discourage the RBNZ from cutting interest rates as core inflation is cooling
23rd Jan 25, 9:21am
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Economists say an uptick in headline inflation due to the weak dollar and rising oil prices shouldn’t discourage the RBNZ from cutting interest rates as core inflation is cooling
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
15th Jan 25, 9:34am
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Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
Most survey respondents told the central bank they saw no need for digital cash and were worried about it being used to track private transactions
10th Dec 24, 12:55pm
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Most survey respondents told the central bank they saw no need for digital cash and were worried about it being used to track private transactions
Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long
3rd Dec 24, 8:25am
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Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long
Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
2nd Dec 24, 11:49am
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Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
Domestic inflation would flare up if interest rates were cut too quickly, RBNZ chief economist Paul Conway says
29th Nov 24, 9:08am
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Domestic inflation would flare up if interest rates were cut too quickly, RBNZ chief economist Paul Conway says
The Reserve Bank says it will likely cut the Official Cash Rate to 3.75% in February, if economic data plays out as expected
28th Nov 24, 5:00am
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The Reserve Bank says it will likely cut the Official Cash Rate to 3.75% in February, if economic data plays out as expected
[updated]
The Reserve Bank cut rates as expected but surprised the markets with a relatively 'hawkish' view of any future reductions in the OCR
27th Nov 24, 2:09pm
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The Reserve Bank cut rates as expected but surprised the markets with a relatively 'hawkish' view of any future reductions in the OCR
David Hargreaves says we should see another decent-sized cut to the Official Cash Rate in the coming week, but beyond that, all eyes will be on how the Reserve Bank sees things developing next year
24th Nov 24, 6:00am
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David Hargreaves says we should see another decent-sized cut to the Official Cash Rate in the coming week, but beyond that, all eyes will be on how the Reserve Bank sees things developing next year
Latest quarterly Household Expectations Survey for RBNZ finds households reckon the inflation rate will be 4.1% in a year and they're getting progressively less optimistic about their chances of finding new jobs
19th Nov 24, 3:35pm
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Latest quarterly Household Expectations Survey for RBNZ finds households reckon the inflation rate will be 4.1% in a year and they're getting progressively less optimistic about their chances of finding new jobs
Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
12th Nov 24, 10:05am
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Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
11th Nov 24, 3:29pm
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Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious
11th Nov 24, 11:46am
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Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious
Unemployment rate climbs to its highest rate since December 2020 as businesses shed jobs and more people withdraw from the labour market
6th Nov 24, 10:53am
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Unemployment rate climbs to its highest rate since December 2020 as businesses shed jobs and more people withdraw from the labour market
Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
3rd Nov 24, 7:00am
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Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
[updated]
Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
24th Oct 24, 8:29am
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Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
23rd Oct 24, 2:30pm
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Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
The IMF notes that the recent inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks
20th Oct 24, 10:01am
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The IMF notes that the recent inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks
Economists and bond traders expect the Reserve Bank to cut interest rates quickly despite critical core inflation measures remaining above 3%
17th Oct 24, 9:42am
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Economists and bond traders expect the Reserve Bank to cut interest rates quickly despite critical core inflation measures remaining above 3%
Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
16th Oct 24, 1:44pm
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Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
11th Oct 24, 12:29pm
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Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
9th Oct 24, 6:21pm
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Inflation has been defeated and the Reserve Bank is moving swiftly to normalise interest rates
[updated]
Reserve Bank declares victory on inflation and delivers double whammy rate cut
9th Oct 24, 2:01pm
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Reserve Bank declares victory on inflation and delivers double whammy rate cut
Reserve Bank says it agrees with Commerce Commission that broader access to settlement accounts will benefit innovation and competition
9th Oct 24, 9:17am
Reserve Bank says it agrees with Commerce Commission that broader access to settlement accounts will benefit innovation and competition