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David Croy

A reassessment of the likely average cost of borrowing over the next few years poses a challenge to asset valuations that underpin household wealth, ANZ economists say
20th Oct 21, 8:42am
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A reassessment of the likely average cost of borrowing over the next few years poses a challenge to asset valuations that underpin household wealth, ANZ economists say
RBNZ Assistant Governor Christian Hawkesby indicates the RBNZ will hike interest rates more slowly than it cut them, pouring cold water on the prospect of large 50-point hikes
21st Sep 21, 9:44am
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RBNZ Assistant Governor Christian Hawkesby indicates the RBNZ will hike interest rates more slowly than it cut them, pouring cold water on the prospect of large 50-point hikes
ASB & Westpac economists no longer see the RBNZ hiking interest rates on Wednesday; Finance Minister comments it's the RBNZ's job to look to the 'medium-term'
17th Aug 21, 8:53pm
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ASB & Westpac economists no longer see the RBNZ hiking interest rates on Wednesday; Finance Minister comments it's the RBNZ's job to look to the 'medium-term'
ANZ economists point to a 'sharp disconnect' between what NZ analysts and offshore pundits believe the Reserve Bank will do on interest rates this week
16th Aug 21, 2:49pm
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ANZ economists point to a 'sharp disconnect' between what NZ analysts and offshore pundits believe the Reserve Bank will do on interest rates this week
ANZ economists estimate it would take 37 years and low house price growth for the house price to income multiple to return to 2019 levels; They expect small rate hikes to go a long way towards cooling the economy
1st Aug 21, 6:01am
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ANZ economists estimate it would take 37 years and low house price growth for the house price to income multiple to return to 2019 levels; They expect small rate hikes to go a long way towards cooling the economy
ANZ strategist argues QE has done its job, so the Reserve Bank should wind back its bond-buying ahead of hiking the OCR
4th Jul 21, 6:59am
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ANZ strategist argues QE has done its job, so the Reserve Bank should wind back its bond-buying ahead of hiking the OCR
Economists at the country's biggest mortgage lender suggest borrowers consider fixing 'at least a portion' of their mortgages for longer terms
9th Jun 21, 3:18pm
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Economists at the country's biggest mortgage lender suggest borrowers consider fixing 'at least a portion' of their mortgages for longer terms
Those from within the banking world don't see problems with the RBNZ having to keep buying bonds on the back of its LSAP programme; But an academic worries NZ's headed for a train wreck
6th Jun 21, 6:01am
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Those from within the banking world don't see problems with the RBNZ having to keep buying bonds on the back of its LSAP programme; But an academic worries NZ's headed for a train wreck
RBNZ makes hawkish tilt, warning mortgage holders to be wary of debt serviceability while keeping monetary conditions loose
26th May 21, 8:10pm
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RBNZ makes hawkish tilt, warning mortgage holders to be wary of debt serviceability while keeping monetary conditions loose
Super-strong retail sales figures for the March quarter have got economists rethinking their thoughts that the country is experiencing a 'double dip' recession
25th May 21, 11:10am
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Super-strong retail sales figures for the March quarter have got economists rethinking their thoughts that the country is experiencing a 'double dip' recession
Economists at the country's largest bank now see an Official Cash Rate of 1.25% by the end of 2023 - compared with just 0.25% now
17th May 21, 4:03pm
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Economists at the country's largest bank now see an Official Cash Rate of 1.25% by the end of 2023 - compared with just 0.25% now
Treasury expected to issue less debt than planned, as NZ weathers the COVID-19 storm better than expected and the Government doesn't spend all it borrows
4th May 21, 6:00am
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Treasury expected to issue less debt than planned, as NZ weathers the COVID-19 storm better than expected and the Government doesn't spend all it borrows
ANZ economists say after the recent housing policy changes by the Government there's a greater chance that interest rate increases could cause investors to sell up; RBNZ may wait too long to raise rates
21st Apr 21, 2:58pm
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ANZ economists say after the recent housing policy changes by the Government there's a greater chance that interest rate increases could cause investors to sell up; RBNZ may wait too long to raise rates
RBNZ plans to hike its bond-buying by about 10% this week, as it comes up against tightening financial conditions and higher bond yields
8th Mar 21, 4:11pm
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RBNZ plans to hike its bond-buying by about 10% this week, as it comes up against tightening financial conditions and higher bond yields
No changes to the country's monetary policy settings are expected when the Reserve Bank has its first review of the year next week - but everybody will be looking for clues as to what comes next
20th Feb 21, 12:27pm
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No changes to the country's monetary policy settings are expected when the Reserve Bank has its first review of the year next week - but everybody will be looking for clues as to what comes next
Never mind OCR hikes just yet - ANZ strategist looks for RBNZ guidance on how it'll slow the pace at which it creates money to buy government debt
15th Feb 21, 8:00am
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Never mind OCR hikes just yet - ANZ strategist looks for RBNZ guidance on how it'll slow the pace at which it creates money to buy government debt
ANZ economists expect the housing market will cool 'in time', but exactly when is highly uncertain, given that momentum in the market can be slow to moderate
20th Jan 21, 1:26pm
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ANZ economists expect the housing market will cool 'in time', but exactly when is highly uncertain, given that momentum in the market can be slow to moderate
Economists expect the RBNZ to respond to government pressure over house prices by restricting bank lending; Financial markets now see lower odds of a negative OCR in 2021
25th Nov 20, 6:58am
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Economists expect the RBNZ to respond to government pressure over house prices by restricting bank lending; Financial markets now see lower odds of a negative OCR in 2021
ANZ economists say the fear of missing out dynamic has the potential to contribute to frothiness in the housing market that ultimately cannot be sustained
2nd Nov 20, 11:58am
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ANZ economists say the fear of missing out dynamic has the potential to contribute to frothiness in the housing market that ultimately cannot be sustained
ANZ economists expect the Reserve Bank to unveil the new funding for lending programme (FLP) next month and say it will need to involve a considerable amount to ensure maximum impact
22nd Oct 20, 12:50pm
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ANZ economists expect the Reserve Bank to unveil the new funding for lending programme (FLP) next month and say it will need to involve a considerable amount to ensure maximum impact
ANZ economists say negative interest rates won't be without potential costs and they believe the Reserve Bank will have to weigh these against perceived benefits when deciding whether to drop the Official Cash Rate below zero
22nd Sep 20, 2:03pm
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ANZ economists say negative interest rates won't be without potential costs and they believe the Reserve Bank will have to weigh these against perceived benefits when deciding whether to drop the Official Cash Rate below zero
Economists at ANZ and ASB now see the Reserve Bank taking the Official Cash Rate negative next year
18th Aug 20, 2:00pm
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Economists at ANZ and ASB now see the Reserve Bank taking the Official Cash Rate negative next year
Economists flag potential for quantitative easing to reach its limit if government spending and debt issuance end up being lower than forecast
11th Aug 20, 5:00am
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Economists flag potential for quantitative easing to reach its limit if government spending and debt issuance end up being lower than forecast
ANZ economists now say the downturn in the housing market will come later - at the end of this year and into next
21st Jul 20, 2:56pm
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ANZ economists now say the downturn in the housing market will come later - at the end of this year and into next
RBNZ offers to buy up to $3 billion of local government bonds, in addition to $30 billion of central government bonds, to support liquidity
7th Apr 20, 4:20pm
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RBNZ offers to buy up to $3 billion of local government bonds, in addition to $30 billion of central government bonds, to support liquidity