monetary policy
With the first quarter of the year nearly gone, and with GDP having returned to growth, David Hargreaves has a quick check on the economy's pulse
26th Mar 25, 1:08pm
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With the first quarter of the year nearly gone, and with GDP having returned to growth, David Hargreaves has a quick check on the economy's pulse
Adrian Orr’s resignation gives the Government an opportunity to influence the Reserve Bank and any candidate seeking to replace him
13th Mar 25, 1:30pm
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Adrian Orr’s resignation gives the Government an opportunity to influence the Reserve Bank and any candidate seeking to replace him
International Monetary Fund says given the 'propensity' in New Zealand for rapid housing credit growth, the RBNZ should monitor the effect of its OCR easing and 'make full use' of its macroprudential toolbox to control the emergence of risks
12th Mar 25, 2:30pm
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International Monetary Fund says given the 'propensity' in New Zealand for rapid housing credit growth, the RBNZ should monitor the effect of its OCR easing and 'make full use' of its macroprudential toolbox to control the emergence of risks
Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
10th Mar 25, 1:57pm
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Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
As Adrian Orr abruptly departs the Reserve Bank, it's a good time to think about what type of central bank we want
9th Mar 25, 8:49am
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As Adrian Orr abruptly departs the Reserve Bank, it's a good time to think about what type of central bank we want
Bank of England’s Catherine Mann and RBNZ’s Paul Conway say raising and cutting interest rates quickly was the right thing to do during the crisis
8th Mar 25, 9:30am
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Bank of England’s Catherine Mann and RBNZ’s Paul Conway say raising and cutting interest rates quickly was the right thing to do during the crisis
Nobel Prize winner Ben Bernanke believes central banks should provide alternative economic forecasts and explain how they might react if those scenarios were to happen
7th Mar 25, 8:30am
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Nobel Prize winner Ben Bernanke believes central banks should provide alternative economic forecasts and explain how they might react if those scenarios were to happen
A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope
7th Mar 25, 5:00am
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A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope
Adrian Orr's resignation comes as the Reserve Bank negotiates a funding agreement with the Government and as a potential fight over capital requirements brews
5th Mar 25, 7:48pm
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Adrian Orr's resignation comes as the Reserve Bank negotiates a funding agreement with the Government and as a potential fight over capital requirements brews
Reserve Bank Chairman Neil Quigley says Adrian Orr's abrupt resignation wasn't unexpected, as he felt finished with the 'difficult' job
5th Mar 25, 4:26pm
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Reserve Bank Chairman Neil Quigley says Adrian Orr's abrupt resignation wasn't unexpected, as he felt finished with the 'difficult' job
[updated]
Adrian Orr departs as Reserve Bank Governor, Deputy Governor Christian Hawkesby to be Acting Governor as work continues on new 5-year funding deal
5th Mar 25, 1:43pm
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Adrian Orr departs as Reserve Bank Governor, Deputy Governor Christian Hawkesby to be Acting Governor as work continues on new 5-year funding deal
The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
2nd Mar 25, 6:30am
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The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
Mark Blyth explains how an old orthodoxy is being put to more openly political and redistributive uses
28th Feb 25, 7:21am
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Mark Blyth explains how an old orthodoxy is being put to more openly political and redistributive uses
The basket of goods and services Statistics NZ uses to measure inflation is years out of date and may not be accurate, according to Reserve Bank bosses
21st Feb 25, 10:03am
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The basket of goods and services Statistics NZ uses to measure inflation is years out of date and may not be accurate, according to Reserve Bank bosses
The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
20th Feb 25, 8:00am
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The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
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Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
18th Feb 25, 3:43pm
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The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
17th Feb 25, 11:47am
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Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
16th Feb 25, 6:30am
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A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
Dean Attewell suggests managing interest rates, mandatory retirement deductions and immigration in tandem to create a more balanced and sustainable housing market
15th Feb 25, 9:25am
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Dean Attewell suggests managing interest rates, mandatory retirement deductions and immigration in tandem to create a more balanced and sustainable housing market
[updated]
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
13th Feb 25, 3:24pm
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Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
[updated]
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
10th Feb 25, 1:35pm
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The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
Willem Buiter & Ebrahim Rahbari say negative interest rate policies may be a widely scorned monetary policy tool, but they are a necessary option in the balance of fiscal alternatives
6th Feb 25, 2:00pm
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Willem Buiter & Ebrahim Rahbari say negative interest rate policies may be a widely scorned monetary policy tool, but they are a necessary option in the balance of fiscal alternatives
[updated]
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
5th Feb 25, 10:58am
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New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
3rd Feb 25, 9:32am
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Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'