Monetary Policy Statement
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
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
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
49
The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
29th May 23, 1:55pm
18
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
David Seymour and Nicola Willis question whether the Reserve Bank is downplaying the inflationary impact of Government spending
25th May 23, 11:36am
40
David Seymour and Nicola Willis question whether the Reserve Bank is downplaying the inflationary impact of Government spending
Live-streamed video from the May 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
24th May 23, 2:51pm
4
Live-streamed video from the May 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
[updated]
Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
24th May 23, 2:11pm
150
Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike
23rd May 23, 2:55pm
145
Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike
The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision
22nd May 23, 2:23pm
23
The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision