Some risks seen in raised OCR
Some risks seen in raised OCR
The Reserve Bank is expected to lift the official cash rate (OCR) by 0.25% to 2.75% on Thursday, the first increase in more than a year.
Reserve Bank
NZ economy dangers real
NZ economy dangers real
Clear and present dangers in the New Zealand economy meant there was no urgency for the Reserve Bank to increase the official cash rate from 2.5%, NZIER principal economist Shamubeel Eaqub said yesterday.
Credit card fee pressure
Credit card fee pressure
SYDNEY: The Reserve Bank of Australia (RBA) says it is a "reluctant regulator" of credit cards, while leaving the door open to force providers to reduce interchange fees.
Budget likely Reserve Bank focus
Budget likely Reserve Bank focus
Economists will this morning focus on whether the Reserve Bank makes any mention of the Government's plans for the May 20 Budget when it releases its own monetary policy statement.
Bollard aiming to reduce credit growth
Bollard aiming to reduce credit growth
Reserve Bank of New Zealand Governor Alan Bollard says new liquidity rules for lenders, which come into effect in April, will restrict their access to cheap wholesale funding, helping dampen credit growth and reducing the need to hike interest rates to cool the economy.
Bollard keeps interest rates steady
Bollard keeps interest rates steady
Reserve Bank Governor Alan Bollard has left official interest rates unchanged at 2.5 percent, but is now indicating the first rate rise could be as soon as the middle of 2010, and looks to be giving himself even more flexibility.