Monetary Policy Statement
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
14th Dec 22, 2:33pm
46
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
7th Dec 22, 8:08am
78
Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'
30th Nov 22, 2:56pm
13
ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'
Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
28th Nov 22, 1:57pm
119
Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
[updated]
Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs
24th Nov 22, 8:56am
100
Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs
Live-streamed video from the November 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
23rd Nov 22, 2:55pm
3
Live-streamed video from the November 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke
23rd Nov 22, 2:14pm
32
The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke
Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
23rd Nov 22, 2:10pm
301
Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one
20th Nov 22, 6:00am
118
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one
[updated]
Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'
10th Nov 22, 9:36am
63
Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'
Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries
27th Oct 22, 10:21am
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Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
17th Oct 22, 2:23pm
110
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
David Hargreaves sees increasing signs the Reserve Bank will have to either raise the Official Cash Rate by more than it wants to - or concede some ground to inflation
13th Oct 22, 7:48am
65
David Hargreaves sees increasing signs the Reserve Bank will have to either raise the Official Cash Rate by more than it wants to - or concede some ground to inflation
David Hargreaves tries to get a sense of where we are in the battle with inflation - and how much more the Reserve Bank might need to do
6th Oct 22, 1:12pm
70
David Hargreaves tries to get a sense of where we are in the battle with inflation - and how much more the Reserve Bank might need to do
Reserve Bank has raised the Official Cash Rate to 3.5% - but gave serious consideration to a bigger hike
5th Oct 22, 2:03pm
122
Reserve Bank has raised the Official Cash Rate to 3.5% - but gave serious consideration to a bigger hike
David Hargreaves surveys the inevitability of another 50 basis point rise to the Official Cash Rate in the coming week, with another 50-pointer to follow in November. The crystal ball's looking murkier by the minute for next year, however
2nd Oct 22, 6:00am
121
David Hargreaves surveys the inevitability of another 50 basis point rise to the Official Cash Rate in the coming week, with another 50-pointer to follow in November. The crystal ball's looking murkier by the minute for next year, however
BNZ economists warn of global recession and say the RBNZ should not be increasing its forecasts of how high the Official Cash Rate might go at this stage
27th Sep 22, 2:10pm
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BNZ economists warn of global recession and say the RBNZ should not be increasing its forecasts of how high the Official Cash Rate might go at this stage
RBNZ Governor says almost every currency in the world is currently declining against the US dollar
27th Sep 22, 10:35am
103
RBNZ Governor says almost every currency in the world is currently declining against the US dollar
Reserve Bank Assistant Governor Karen Silk says decisions on the desired 'neutral' level for interest rates aren't likely to be made till next year
24th Aug 22, 9:14am
31
Reserve Bank Assistant Governor Karen Silk says decisions on the desired 'neutral' level for interest rates aren't likely to be made till next year
Reserve Bank says there's no sign that higher servicing costs are as yet translating into substantive increases in the level of arrears or stress in commercial bank home lending portfolios
23rd Aug 22, 8:11am
24
Reserve Bank says there's no sign that higher servicing costs are as yet translating into substantive increases in the level of arrears or stress in commercial bank home lending portfolios
Reserve Bank defends use of quantitative easing, saying it did so because it was 'constrained' from taking the Official Cash Rate into the negatives
18th Aug 22, 9:19am
65
Reserve Bank defends use of quantitative easing, saying it did so because it was 'constrained' from taking the Official Cash Rate into the negatives
Live-streamed video from the August 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
17th Aug 22, 2:55pm
Live-streamed video from the August 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
Reserve Bank now forecasts a slightly higher peak for the Official Cash Rate of over 4% by June next year
17th Aug 22, 2:12pm
247
Reserve Bank now forecasts a slightly higher peak for the Official Cash Rate of over 4% by June next year
With financial markets increasingly expecting interest rates might ease next year, the Reserve Bank may well deliver a strongly 'hawkish' message next week to the effect that now is not the time to ease up on inflation
14th Aug 22, 8:02am
96
With financial markets increasingly expecting interest rates might ease next year, the Reserve Bank may well deliver a strongly 'hawkish' message next week to the effect that now is not the time to ease up on inflation
Reserve Bank makes it three in a row for 50 point OCR hikes; says it is 'resolute' in commitment to getting inflation down
13th Jul 22, 2:05pm
166
Reserve Bank makes it three in a row for 50 point OCR hikes; says it is 'resolute' in commitment to getting inflation down