New Reserve Bank Governor named
New Reserve Bank Governor named
Finance Minister Bill English has announced that Graeme Wheeler will replace Alan Bollard as the new Reserve Bank Governor later this year.
Reserve Bank
Frontrunners emerge to take over Bollard's Reserve Bank job
Frontrunners emerge to take over Bollard's Reserve Bank job
Reserve Bank deputy governor Grant Spencer is seen as the frontrunner to replace governor Alan Bollard. An announcement expected either later this week or early next week.
Reserve Bank leaves OCR unchanged
Reserve Bank leaves OCR unchanged
The Reserve Bank has left the Official Cash Rate on hold at a record low of 2.5 percent.
Reserve Bank losing currency battle
Reserve Bank losing currency battle
The Reserve Bank is fighting a losing battle trying to talk down the value of the New Zealand dollar, BNZ currency strategist Mike Jones says.
Mixed messages and the economy
Mixed messages and the economy
New Zealand businesses are in desperate need of some good news, something more than a plethora of press releases commenting on business, consumer and investor confidence.
Intervention a 'dangerous approach'
Intervention a 'dangerous approach'
Reserve Bank governor Alan Bollard seemed to be calling the bluff of the currency markets with his hints the central bank would reassess the outlook for monetary policy settings should the exchange rate stay high.
OCR consistency putting pressure on bank margins
OCR consistency putting pressure on bank margins
Bank margins appear to be coming under pressure as Reserve Bank governor Alan Bollard yesterday announced he was keeping the official cash rate (OCR) at 2.5%.
'La la land' seen as place to go
'La la land' seen as place to go
Frustration at the lack of action from both the Reserve Bank and the Government in dealing with the country's monetary policy boiled over yesterday as the official cash rate stayed at 2.5%.
Calls continuing for currency target
Calls continuing for currency target
Calls are continuing for the Reserve Bank to include a currency target in its decision-making process when it decides on how and when to move its official cash rate.
OCR on hold but dollar a concern
OCR on hold but dollar a concern
The Reserve Bank is expected to leave its official interest rates at the current low of 2.5% when it meets on Thursday but the strength of the New Zealand dollar will be of some concern to governor Alan Bollard.
Bollard leaving Reserve Bank
Bollard leaving Reserve Bank
Reserve Bank Governor Alan Bollard has today confirmed he is stepping down from the role in September.
Interest rates to remain static longer
Interest rates to remain static longer
The Reserve Bank is expected to be able to take a more relaxed view of inflation in the early part of this year and leave interest rates unchanged for longer.
Exporters in push for cut to cash rate
Exporters in push for cut to cash rate
Manufacturers and exporters are calling for a cut in the official cash rate on Thursday to help take pressure off the currency.
Seesaw dollar prompts Reserve Bank calls
Seesaw dollar prompts Reserve Bank calls
Politicians have called for the Reserve Bank to be given a wider range of tools to control the fluctuating New Zealand dollar, after it dropped from US82c on Thursday to US77c yesterday.
No rush for Reserve Bank to move on cash rate
No rush for Reserve Bank to move on cash rate
The Reserve Bank may yet consider postponing the beginning of it monetary tightening policy as mortgage holders swing in increasing numbers to floating their loans.
OCR remains at record low
OCR remains at record low
The Reserve Bank has left the Official Cash Rate unchanged at a record low 2.5%.
New Zealand seeks better debt blend
New Zealand seeks better debt blend
The New Zealand Debt Management Office is borrowing extra money now to have a better blend of long-term debt and lower borrowing costs in the future, treasurer Phil Combes says.
No change expected to official cash rate
No change expected to official cash rate
The Reserve Bank is widely expected to leave official interest rates unchanged at 2.5% on Thursday, despite some encouraging signs emerging in the New Zealand economy.
Property market looks to have troughed
Property market looks to have troughed
Latest data suggests the property market has reached a trough, and the Reserve Bank appears to agree.
Reserve Bank holds cash rate steady
Reserve Bank holds cash rate steady
Reserve Bank Governor Alan Bollard has left the official cash rate (OCR) unchanged at 2.5 percent, and indicated he is comfortable with the outlook for inflation.