monetary policy
Latest monthly figures from the Reserve Bank reveal our central bank has seen a decrease in its 'foreign currency intervention capacity' of NZ$732 million last month - the first drop in a year
25th Jun 24, 3:52pm
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Latest monthly figures from the Reserve Bank reveal our central bank has seen a decrease in its 'foreign currency intervention capacity' of NZ$732 million last month - the first drop in a year
Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high, Stephen Bartos says
20th Jun 24, 12:18pm
Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high, Stephen Bartos says
New Zealand’s inflation was more driven by product and labour shortages than other countries were, RBNZ says
20th Jun 24, 8:30am
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New Zealand’s inflation was more driven by product and labour shortages than other countries were, RBNZ says
[updated]
RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation
19th Jun 24, 9:49am
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RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation
[updated]
ANZ economists say 'meaningful progress' in inflation war around the corner, meaning the OCR could be cut earlier than they previously forecast
7th Jun 24, 11:17am
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ANZ economists say 'meaningful progress' in inflation war around the corner, meaning the OCR could be cut earlier than they previously forecast
Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased
27th May 24, 4:09pm
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Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
26th May 24, 6:00am
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Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
RBNZ Governor Adrian Orr says technology is the answer to banking competition and not capital requirements
23rd May 24, 1:23pm
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RBNZ Governor Adrian Orr says technology is the answer to banking competition and not capital requirements
Reserve Bank considered lifting interest rates to offset a decline in productivity which is making inflation worse
23rd May 24, 6:00am
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Reserve Bank considered lifting interest rates to offset a decline in productivity which is making inflation worse
[updated]
RBNZ leaves Official Cash Rate at 5.5%, but says domestic inflation is slow to fall and now puts a 60% chance of a further OCR hike by the end of this year; now doesn't see inflation getting back under 3% till the fourth quarter of the year
22nd May 24, 2:20pm
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RBNZ leaves Official Cash Rate at 5.5%, but says domestic inflation is slow to fall and now puts a 60% chance of a further OCR hike by the end of this year; now doesn't see inflation getting back under 3% till the fourth quarter of the year
The latest quarterly Household Expectations Survey for the Reserve Bank finds households still expect inflation to be above the RBNZ's 1% to 3% target in two years' time
20th May 24, 3:40pm
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The latest quarterly Household Expectations Survey for the Reserve Bank finds households still expect inflation to be above the RBNZ's 1% to 3% target in two years' time
Everyone wants to know when the RBNZ will cut the OCR, but the central bank's likely to want to give as few clues as possible at its latest OCR review in the coming week
19th May 24, 6:01am
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Everyone wants to know when the RBNZ will cut the OCR, but the central bank's likely to want to give as few clues as possible at its latest OCR review in the coming week
Barry Eichengreen asks whether anything can or should be done about the US greenback's strength, especially against Asian currencies
14th May 24, 3:28pm
Barry Eichengreen asks whether anything can or should be done about the US greenback's strength, especially against Asian currencies
Softer labour market data won’t be enough to make the RBNZ cut the OCR before late 2024 or 2025, bank economists say
1st May 24, 3:56pm
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Softer labour market data won’t be enough to make the RBNZ cut the OCR before late 2024 or 2025, bank economists say
Unemployment rate climbed to 4.3% in the March quarter from 4%, just exceeding the Reserve Bank’s expectations
1st May 24, 10:56am
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Unemployment rate climbed to 4.3% in the March quarter from 4%, just exceeding the Reserve Bank’s expectations
Bank economists anticipate the unemployment rate will edge up when Statistics NZ releases March quarter labour market data
28th Apr 24, 6:01am
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Bank economists anticipate the unemployment rate will edge up when Statistics NZ releases March quarter labour market data
In a new episode of our Of Interest podcast, Jennifer Wilkins explains what the degrowth movement is about, and how degrowthers see the world
25th Apr 24, 7:30am
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In a new episode of our Of Interest podcast, Jennifer Wilkins explains what the degrowth movement is about, and how degrowthers see the world
Patrick Watson reckons the potential for mass unemployment is lower than it used to be, so wonders if the US can have a recession if unemployment can’t rise
20th Apr 24, 9:12am
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Patrick Watson reckons the potential for mass unemployment is lower than it used to be, so wonders if the US can have a recession if unemployment can’t rise
Richard Werner argues the Bank of Japan raising interest rates for the first time in 17 years was a move to support the US dollar
19th Apr 24, 11:34am
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Richard Werner argues the Bank of Japan raising interest rates for the first time in 17 years was a move to support the US dollar
[updated]
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
17th Apr 24, 10:57am
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March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
17th Apr 24, 6:01am
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'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
14th Apr 24, 8:07am
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Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
11th Apr 24, 7:39am
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The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
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RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
7th Apr 24, 6:00am
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With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10