Food and fuel driving inflation
Food and fuel driving inflation
Higher food, petrol and tobacco prices will have pushed headline inflation up in the three months ended March but the Reserve Bank is unlikely to be too worried by the result.
Reserve Bank
Bank of India registered in NZ
Bank of India registered in NZ
The number of registered banks in this country rose to 20, with the registration of a fully-owned subsidiary of Bank of India, the Reserve Bank says.
Interest rate cut in wake of quake
Interest rate cut in wake of quake
The Reserve Bank cut the official cash rate (OCR) to 2.5 percent from 3 percent in response to the negative impact on economic activity and inflation of last month's devastating earthquake in Christchurch.
Home loan rates also go down
Home loan rates also go down
Retail banks rushed to cut their floating home loan rates yesterday after the Reserve Bank matched expectations and cut the official cash rate by 0.5% to 2.5%.
Calls for Reserve Bank to cut or hold interest rates
Calls for Reserve Bank to cut or hold interest rates
Calls started yesterday for the Reserve Bank to cut official cash rates, or at least hold off any increases until next year, after unemployment rose to 6.8% in the year ended December.
Reserve Bank leaves interest rates unchanged
Reserve Bank leaves interest rates unchanged
The Reserve Bank left the official cash rate (OCR) unchanged at 3 percent today as growth continues to moderate, but rebuilding following $5 billion worth of earthquake damage in Canterbury is expected to help boost the economy.
Reserve Bank approval final hurdle
Reserve Bank approval final hurdle
Approval by the Reserve Bank is the final major hurdle for the proposed Heartland Bank to cross following another successful vote of merging partners in Christchurch yesterday.
Managing funds: Weighing up investment in fixed-interest bonds and capital notes
Managing funds: Weighing up investment in fixed-interest bonds and capital notes
At the most recent review of the official cash rate (OCR) on October 28, the Reserve Bank Governor, Dr Bollard, kept it at 3%.
OCR steady but rethink mortgages: BNZ
OCR steady but rethink mortgages: BNZ
The Reserve Bank is widely expected to keep its official cash rate unchanged at 3% on Thursday, and it is likely to stay there for an extended period.
Growing public frustration may give Labour traction
Growing public frustration may give Labour traction
Brittle, uncertain, and full of surprises. No, that is not an assessment of former Labour Party MP Chris Carter's current state of mind.
Retail deposit scheme `served purpose well'
Retail deposit scheme `served purpose well'
The Government's emergency retail deposit scheme ends today, prompting Reserve Bank Governor Allan Bollard to remind investors to take "full account of the risks, returns and credit ratings associated with their deposits" in the future.
Bank did 'most damaging thing'
Bank did 'most damaging thing'
The Reserve Bank's actions in tightening monetary policy at the worst possible time had damaged the country's growth prospects, Myles Wealth Management principal Craig Myles said yesterday.
Reserve Bank holds cash rate at 3% against weaker outlook
Reserve Bank holds cash rate at 3% against weaker outlook
The Reserve Bank left the interest-driving official cash rate at 3% yesterday and indicated the pace of further increases was likely to be moderate, compared to expectations given in June.
OCR expected to stay at 3% after disasters
OCR expected to stay at 3% after disasters
The Reserve Bank is expected to leave the interest-driving official cash rate at 3% on Thursday in the wake of the failure of South Canterbury Finance and the earthquake which has devastated Christchurch.
Data means rate hikes unlikely
Data means rate hikes unlikely
The Reserve Bank looks increasingly unlikely to lift its official interest rate on September 12, but that is not likely to mean good news for homeowners with mortgages. Business editor Dene Mackenzie explains.
A chip in the casino of international finance
A chip in the casino of international finance
Dear Dr Bollard,You recently raised short-term interest rates as part of your mandate to control inflation. However, the end of the recession appears largely a statistical occurrence rather...
Inflation to land in target band
Inflation to land in target band
Inflation is forecast to have been right in the middle of the Reserve Bank's 1% to 3% target band at the end of June.
Call to halt further rises in the OCR
Call to halt further rises in the OCR
The Reserve Bank has been investigating the potential for other policy tools to help support its traditional official cash rate instrument in monetary policy, and will continue to look, Reserve Bank governor Alan Bollard says.
Switch in monetary attitudes
Switch in monetary attitudes
The Labour Party will soon introduce a Bill to Parliament requiring the Reserve Bank to take into account other financial factors when considering monetary policy.
Reserve bank hikes interest rates
Reserve bank hikes interest rates
The Reserve Bank has edged its key interest rate up, after holding it at a record low for 13 months to fight the impacts of the global financial crisis.