monetary policy
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
28th Feb 24, 2:13pm
104
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
27th Feb 24, 3:49pm
9
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
Girol Karacaoglu suggests we need to move away from a price (interest-rate) centred monetary policy implementation regime and we need to control the growth of the aggregate balance sheet of the banking system
27th Feb 24, 8:35am
18
Girol Karacaoglu suggests we need to move away from a price (interest-rate) centred monetary policy implementation regime and we need to control the growth of the aggregate balance sheet of the banking system
The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
25th Feb 24, 6:00am
155
The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
As US Modern Monetary Theory advocates make their case in Australia, Gareth Vaughan explains the world through their lens and how it might go down in New Zealand
24th Feb 24, 9:50am
79
As US Modern Monetary Theory advocates make their case in Australia, Gareth Vaughan explains the world through their lens and how it might go down in New Zealand
Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
22nd Feb 24, 3:34pm
61
Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
18th Feb 24, 6:00am
53
Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
Governor Adrian Orr says the Reserve Bank is focused on core inflation and is not willing to tolerate even temporary inflation pressure
16th Feb 24, 9:32am
120
Governor Adrian Orr says the Reserve Bank is focused on core inflation and is not willing to tolerate even temporary inflation pressure
[updated]
Stats NZ says food prices rose 0.9% in January, while rents for new tenancies shot up 2.5%, and tobacco prices increased 6.4% - but airfares went into reverse
14th Feb 24, 11:25am
77
Stats NZ says food prices rose 0.9% in January, while rents for new tenancies shot up 2.5%, and tobacco prices increased 6.4% - but airfares went into reverse
[updated]
Reserve Bank Governor Adrian Orr says stablecoins and cryptocurrencies are not a credible alternative to central bank money
13th Feb 24, 9:57am
62
Reserve Bank Governor Adrian Orr says stablecoins and cryptocurrencies are not a credible alternative to central bank money
Raghuram Rajan and Viral Acharya worry that smaller US banks' 2023 trouble remain unresolved, and that the episode perpetuated a moral hazard
11th Feb 24, 10:37am
1
Raghuram Rajan and Viral Acharya worry that smaller US banks' 2023 trouble remain unresolved, and that the episode perpetuated a moral hazard
New Statistics Minister Andrew Bayly 'engaging with officials' as Statistics NZ runs behind on CPI review during cost of living crisis due to cost pressures
10th Feb 24, 9:10am
16
New Statistics Minister Andrew Bayly 'engaging with officials' as Statistics NZ runs behind on CPI review during cost of living crisis due to cost pressures
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
9th Feb 24, 1:32pm
80
ANZ's Sharon Zollner says the Reserve Bank could shock New Zealand by lifting the Official Cash Rate 50 basis points to 6%
With the Reserve Bank having little choice but to dig its toes in to fight non-tradeable inflation, Gareth Vaughan hopes the Government has an open mind to providing long-term support
8th Feb 24, 5:00am
47
With the Reserve Bank having little choice but to dig its toes in to fight non-tradeable inflation, Gareth Vaughan hopes the Government has an open mind to providing long-term support
Labour market figures out in the coming week tipped to show unemployment rising from the last recorded 3.9% rate to 4.2% or higher
4th Feb 24, 6:01am
74
Labour market figures out in the coming week tipped to show unemployment rising from the last recorded 3.9% rate to 4.2% or higher
Squirrel's David Cunningham says it's 'pretty realistic' to expect 1-year fixed home loan rates below 6% by the end of 2024, and below 5% by the end of 2025
3rd Feb 24, 9:00am
60
Squirrel's David Cunningham says it's 'pretty realistic' to expect 1-year fixed home loan rates below 6% by the end of 2024, and below 5% by the end of 2025
BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
30th Jan 24, 12:53pm
55
BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
Reserve Bank chief economist Paul Conway suggests softer GDP and CPI data doesn't mean the central bank will cut interest rates
30th Jan 24, 10:55am
50
Reserve Bank chief economist Paul Conway suggests softer GDP and CPI data doesn't mean the central bank will cut interest rates
Toilet rolls are getting cheaper as global shipping costs fall but services stay sticky as wages grow
28th Jan 24, 6:00am
93
Toilet rolls are getting cheaper as global shipping costs fall but services stay sticky as wages grow
Kiwibank's Jarrod Kerr on the war on inflation including how much the RBNZ can influence non-tradeable inflation, and whether its mandate may need changing
26th Jan 24, 10:01am
69
Kiwibank's Jarrod Kerr on the war on inflation including how much the RBNZ can influence non-tradeable inflation, and whether its mandate may need changing
CPI inflation falls to a two year low of 4.7% as food prices decline, albeit domestic inflation tops RBNZ expectations
24th Jan 24, 10:56am
161
CPI inflation falls to a two year low of 4.7% as food prices decline, albeit domestic inflation tops RBNZ expectations
Raghuram Rajan suggests when the US Federal Reserve might start cutting rates, considers how to mitigate monetary policy spillovers, proposes measures to boost financial stability, and more
20th Jan 24, 9:00am
8
Raghuram Rajan suggests when the US Federal Reserve might start cutting rates, considers how to mitigate monetary policy spillovers, proposes measures to boost financial stability, and more
One of the steepest price declines in commercial property in at least a half century heightens risks to investors and lenders. The IMF wants regulators to be vigilant to these growing risks
19th Jan 24, 10:54am
7
One of the steepest price declines in commercial property in at least a half century heightens risks to investors and lenders. The IMF wants regulators to be vigilant to these growing risks
[updated]
Stats NZ says food prices fell in December for the fourth consecutive month, taking the annual rate of food price inflation down to 4.8% compared with the peak level of 12.5% seen earlier in 2023; airfares skyrocket; rents keep pushing up
18th Jan 24, 11:01am
21
Stats NZ says food prices fell in December for the fourth consecutive month, taking the annual rate of food price inflation down to 4.8% compared with the peak level of 12.5% seen earlier in 2023; airfares skyrocket; rents keep pushing up
Bradford DeLong argues that the US central bank has managed to humble hawkish and dovish critics alike
29th Dec 23, 9:15am
15
Bradford DeLong argues that the US central bank has managed to humble hawkish and dovish critics alike