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Monetary Policy Statement

The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
25th Feb 24, 6:00am
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The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
[updated]
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
12th Feb 24, 12:22pm
36
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs
6th Feb 24, 6:00am
88
David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs
Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year
31st Jan 24, 2:27pm
33
Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year
ANZ economists don't believe the RBNZ will give warning of when it is going to cut the Official Cash Rate and that it will be a case of 'deny-deny-deny-cut' to avoid premature easing in financial conditions
18th Jan 24, 4:08pm
31
ANZ economists don't believe the RBNZ will give warning of when it is going to cut the Official Cash Rate and that it will be a case of 'deny-deny-deny-cut' to avoid premature easing in financial conditions
The Reserve Bank's chief economist will be speaking on economic developments a month before the first scheduled OCR announcement for the year in a move clearly aimed at guiding the markets after December's shock GDP fall
16th Jan 24, 9:54am
59
The Reserve Bank's chief economist will be speaking on economic developments a month before the first scheduled OCR announcement for the year in a move clearly aimed at guiding the markets after December's shock GDP fall
ASB economists assess the key risks in the year ahead - there's plenty
15th Jan 24, 2:10pm
19
ASB economists assess the key risks in the year ahead - there's plenty
ASB chief economist Nick Tuffley says it now looks more likely the Official Cash Rate will be cut in the second half of next year - rather than in 2025
18th Dec 23, 2:28pm
59
ASB chief economist Nick Tuffley says it now looks more likely the Official Cash Rate will be cut in the second half of next year - rather than in 2025
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
4th Dec 23, 12:15pm
24
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
Live-streamed video from the November 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
29th Nov 23, 2:57pm
by admin
Live-streamed video from the November 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
[updated]
Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
29th Nov 23, 2:20pm
93
Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
26th Nov 23, 6:00am
64
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
ANZ economists are still forecasting another Official Cash Rate hike next year and say domestic inflation is still sky high, and yet to capitulate, while 'a lot still needs to go right' for the OCR to not need to eventually go higher
7th Nov 23, 1:40pm
17
ANZ economists are still forecasting another Official Cash Rate hike next year and say domestic inflation is still sky high, and yet to capitulate, while 'a lot still needs to go right' for the OCR to not need to eventually go higher
Just as the Reserve Bank appears to be turning the inflation battle in its favour, here comes the double trouble of rampant immigration and a refreshed housing market
5th Nov 23, 6:00am
133
Just as the Reserve Bank appears to be turning the inflation battle in its favour, here comes the double trouble of rampant immigration and a refreshed housing market
Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
17th Oct 23, 11:22am
83
Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
5th Oct 23, 9:21am
22
David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
1st Oct 23, 6:00am
48
David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
17th Aug 23, 5:00am
21
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
Live-streamed video from the August 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
16th Aug 23, 2:55pm
by admin
Live-streamed video from the August 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time
16th Aug 23, 2:18pm
99
Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
14th Aug 23, 11:37am
17
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
David Hargreaves examines the Reserve Bank's forthcoming OCR review, saying all eyes will be on its updated economic forecasts & whether it has changed its opinion on the path of inflation & interest rates
13th Aug 23, 6:00am
54
David Hargreaves examines the Reserve Bank's forthcoming OCR review, saying all eyes will be on its updated economic forecasts & whether it has changed its opinion on the path of inflation & interest rates
Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook
17th Jul 23, 1:53pm
47
Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review and highlights the wild ride we've been on for the past two years that has seen the OCR hiked on 12 consecutive occasions
9th Jul 23, 6:01am
163
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review and highlights the wild ride we've been on for the past two years that has seen the OCR hiked on 12 consecutive occasions
The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign
31st May 23, 7:52am
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The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign