Macroprudential tools
ANZ economists now see OCR only going as low as 0.75% following a softening of the RBNZ proposals for bank capital, combined with a more positive domestic outlook and in particular upside to government infrastructure spending
5th Dec 19, 1:22pm
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ANZ economists now see OCR only going as low as 0.75% following a softening of the RBNZ proposals for bank capital, combined with a more positive domestic outlook and in particular upside to government infrastructure spending
David Hargreaves tries to make sense of the Government's signalled plans to have a spend-up on infrastructure
2nd Dec 19, 10:23am
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David Hargreaves tries to make sense of the Government's signalled plans to have a spend-up on infrastructure
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
29th Nov 19, 5:00am
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Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
ASB economists now say they expect just one more cut to the Official Cash Rate, in May next year; see some 'material upside risk' to GDP growth forecasts
28th Nov 19, 3:48pm
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ASB economists now say they expect just one more cut to the Official Cash Rate, in May next year; see some 'material upside risk' to GDP growth forecasts
David Hargreaves says the Reserve Bank's decision to leave existing loan to value ratio restrictions in place means it's unlikely there will be further relaxation of the rules for at least a year
28th Nov 19, 9:54am
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David Hargreaves says the Reserve Bank's decision to leave existing loan to value ratio restrictions in place means it's unlikely there will be further relaxation of the rules for at least a year
Reserve Bank keeps restrictions on mortgage lending in place, noting the low interest rate environment could prompt banks to lend more to borrowers with small deposits; Governor says the Bank didn't come 'particularly close' to loosening restrictions
27th Nov 19, 9:14am
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Reserve Bank keeps restrictions on mortgage lending in place, noting the low interest rate environment could prompt banks to lend more to borrowers with small deposits; Governor says the Bank didn't come 'particularly close' to loosening restrictions
Mortgage data released on the eve of the Reserve Bank's LVR restriction review suggests first home buyers wouldn't suffer if restrictions remained in place to keep investor activity at bay
26th Nov 19, 5:59pm
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Mortgage data released on the eve of the Reserve Bank's LVR restriction review suggests first home buyers wouldn't suffer if restrictions remained in place to keep investor activity at bay
Jury out over whether the RBNZ will loosen loan-to-value ratio restrictions on Wednesday, with some observers raising doubts over whether an easing would have much of an effect
24th Nov 19, 6:31am
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Jury out over whether the RBNZ will loosen loan-to-value ratio restrictions on Wednesday, with some observers raising doubts over whether an easing would have much of an effect
Households are now increasingly expecting house price rises, while economists are tweaking their house price expectations upwards
20th Nov 19, 4:33pm
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Households are now increasingly expecting house price rises, while economists are tweaking their house price expectations upwards
This week's OCR review was the first of four key pre-Christmas announcements that will collectively have a big influence on the economy next year. David Hargreaves reads the tea leaves
17th Nov 19, 6:02am
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This week's OCR review was the first of four key pre-Christmas announcements that will collectively have a big influence on the economy next year. David Hargreaves reads the tea leaves
Reserve Bank says economic developments since its August Monetary Policy Statement do not warrant a change to the already stimulatory monetary setting at this time; dollar rises, wholesale interest rates shoot up
13th Nov 19, 2:07pm
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Reserve Bank says economic developments since its August Monetary Policy Statement do not warrant a change to the already stimulatory monetary setting at this time; dollar rises, wholesale interest rates shoot up
The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
11th Nov 19, 11:28am
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The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
4th Nov 19, 1:42pm
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ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
BNZ economists say the Reserve Bank's latest messages inject uncertainty about what the central bank will say and do at its next interest rate review next month
29th Oct 19, 3:00pm
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BNZ economists say the Reserve Bank's latest messages inject uncertainty about what the central bank will say and do at its next interest rate review next month
New mortgage figures from the Reserve Bank show that investors had their biggest share of mortgage lending last month for a year; first home buyers are still prominent
24th Oct 19, 3:48pm
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New mortgage figures from the Reserve Bank show that investors had their biggest share of mortgage lending last month for a year; first home buyers are still prominent
A lift in housing activity could help to give the economy 'a bit of a kick', ANZ economists say
23rd Oct 19, 1:22pm
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A lift in housing activity could help to give the economy 'a bit of a kick', ANZ economists say
David Hargreaves says the Government's supposed year of delivery has been a non-starter. But key decisions in the final two months of the year may set the tone for the economy in 2020
20th Oct 19, 6:02am
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David Hargreaves says the Government's supposed year of delivery has been a non-starter. But key decisions in the final two months of the year may set the tone for the economy in 2020
With the RBNZ due to review its loan to value ratio restrictions next month, David Hargreaves assesses the chances of a resurgence in the housing market and therefore a boost to the economy
13th Oct 19, 6:02am
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With the RBNZ due to review its loan to value ratio restrictions next month, David Hargreaves assesses the chances of a resurgence in the housing market and therefore a boost to the economy
International independent research firm Capital Economics says the risks are 'skewed' to the RBNZ making more cuts, possibly into negative interest rates - 'if the Government doesn't step up it's game soon'
9th Oct 19, 3:29pm
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International independent research firm Capital Economics says the risks are 'skewed' to the RBNZ making more cuts, possibly into negative interest rates - 'if the Government doesn't step up it's game soon'
David Hargreaves says with an Official Cash Rate that could well be as low as 0.5% by Christmas, it is not too hard to imagine an OCR with a minus sign in front of it by later next year
6th Oct 19, 4:46am
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David Hargreaves says with an Official Cash Rate that could well be as low as 0.5% by Christmas, it is not too hard to imagine an OCR with a minus sign in front of it by later next year
Reserve Bank is proposing formal requirements for banks to provide access to cash deposits and withdrawals and wants the power to set standards for machines that process and dispense cash
2nd Oct 19, 3:37pm
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Reserve Bank is proposing formal requirements for banks to provide access to cash deposits and withdrawals and wants the power to set standards for machines that process and dispense cash
Reserve Bank makes no change to Official Cash Rate but says it still has scope to provide further stimulus in future if that's needed
25th Sep 19, 2:07pm
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Reserve Bank makes no change to Official Cash Rate but says it still has scope to provide further stimulus in future if that's needed
The Official Cash Rate will most probably be kept at 1% this week after last month's shock double cut - but under the current RBNZ regime, nothing should be ruled out
23rd Sep 19, 11:30am
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The Official Cash Rate will most probably be kept at 1% this week after last month's shock double cut - but under the current RBNZ regime, nothing should be ruled out
David Hargreaves takes liberties with metaphors as he ponders the uphill task RBNZ Governor Adrian Orr has as he tries to get New Zealand spending and investing
1st Sep 19, 6:02am
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David Hargreaves takes liberties with metaphors as he ponders the uphill task RBNZ Governor Adrian Orr has as he tries to get New Zealand spending and investing
Reserve Bank Governor Adrian Orr puts in a plug for the Government and businesses to invest more to take advantage of low global interest rates
28th Aug 19, 12:16pm
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Reserve Bank Governor Adrian Orr puts in a plug for the Government and businesses to invest more to take advantage of low global interest rates
