Time for reflection
Reserve Bank governor Graeme Wheeler delivered his clearest message yet when he warned this week mortgage rates could rise higher than expected if housing prices fail to slow.
Reserve Bank
Labour questions blanket LVR
Labour questions blanket LVR
The Reserve Bank was too quick in ruling out regional exemptions for its recently introduced loan-to-value ratios, Labour finance spokesman David Parker said yesterday.
Mixed views over loan-to-value ratios
Mixed views over loan-to-value ratios
While positive economic indicators abound in the economy, fish-hooks remain with New Zealand's troublesome housing sector, with the Reserve Bank and Business New Zealand clashing over the controversial loan-to-value ratios (LVRs) being imposed on banks.
OCR rise next year, Reserve Bank says
OCR rise next year, Reserve Bank says
The Reserve Bank has taken a more aggressive stance to raising the official cash rate, governor Graeme Wheeler saying yesterday increases would be likely next year.
Restricted lending on cards
Restricted lending on cards
The Reserve Bank's loan-to-value ratios (LVRs) could be in place later this year if recent housing and credit trends continued, ASB chief economist Nick Tuffley said yesterday.
Loan restrictions could lock out low earners
Loan restrictions could lock out low earners
First home buyers in some parts of Otago could require an $80,000 deposit if the Reserve Bank goes through with its proposed restrictions on home loans.
Reserve Bank accused of 'weasel words'
Reserve Bank accused of 'weasel words'
The Reserve Bank yesterday copped some flak from Bank of New Zealand economists, who called part of the central bank's statement on the official cash rate ''weasel words''.
NZ housing, borrowing of concern
NZ housing, borrowing of concern
The New Zealand dollar, the housing market and high borrowing in the agricultural sector are all providing major concerns for the Reserve Bank.
Reserve Bank still 'sitting on fence'
Reserve Bank still 'sitting on fence'
The Reserve Bank yesterday kept its official cash rate at 2.5%, caught between two opposing forces, Westpac chief economist Dominick Stephens said.
Sitting on the fence becoming uncomfortable for Reserve Bank
Sitting on the fence becoming uncomfortable for Reserve Bank
The Reserve Bank has kept the official cash rate at 2.5% for two years and is widely expected to keep it at that rate until perhaps March of next year.
House prices rattle the Reserve Bank
House prices rattle the Reserve Bank
The housing market has unsettled the Reserve Bank, with governor Graeme Wheeler specifically mentioning house price inflation and household credit growth in his Official Cash Rate review yesterday. The bank did not want to see financial stability or inflation risks accentuated by housing demand getting too far ahead of supply, he said.
Governor hits back at criticism
Governor hits back at criticism
Reserve Bank governor Graeme Wheeler has rejected criticism by Green Party co-leader Russel Norman that the central bank is biased in favour of Australian banks.
'Only just' comfortable with OCR rate of 2.5%
'Only just' comfortable with OCR rate of 2.5%
New Reserve Bank governor Graeme Wheeler would face a tough call on his first outing on the official cash rate tomorrow, NZIER head of public-good research Kirdan Lees said yesterday.
Speculation over new Reserve Bank governor
Speculation over new Reserve Bank governor
New Reserve Bank governor Graeme Wheeler will issue his first official cash rate statement on Thursday with the big unknown being how his attitude differs from that of his predecessor, Alan Bollard.
English spells out Reserve Bank imperatives
English spells out Reserve Bank imperatives
Inflation will still have to remain between 1% and 3% but incoming Reserve Bank governor Graeme Wheeler will have a few more demands placed upon him when he takes up his new position next week.
Reserve Bank leaves OCR unchanged
Reserve Bank leaves OCR unchanged
The Reserve Bank says it has left its official cash rate unchanged at 2.50 percent.
Bollard unlikely to alter OCR in final review
Bollard unlikely to alter OCR in final review
Outgoing Reserve Bank Governor Allan Bollard is expected to keep the official cash rate (OCR) at its present record low of 2.5%, when delivering his final review on Thursday.
Official cash rate left unchanged
Official cash rate left unchanged
The Reserve Bank of NZ has left its official cash rate unchanged at 2.50 percent.
Year of low OCR expected
Year of low OCR expected
Low interest rates are expected to continue until at least July next year as inflation stays benign, Westpac chief economist Dominick Stephens says.
Big changes unlikely under Wheeler
Big changes unlikely under Wheeler
The appointment of Graeme Wheeler as the new Reserve Bank governor was an opportunity for the Government to adopt a modern monetary policy, Green Party co-leader Russel Norman said yesterday.