Monetary Policy Statement
David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably
21st May 23, 6:00am
106
David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably
BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'
17th May 23, 12:05pm
65
BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'
The banks are demonstrating that they won't hike interest rates just because the Reserve Bank would like them to - so it might be better for the RBNZ to adopt more of a waiting game
13th Apr 23, 9:45am
75
The banks are demonstrating that they won't hike interest rates just because the Reserve Bank would like them to - so it might be better for the RBNZ to adopt more of a waiting game
BNZ's head of research says the RBNZ should have opted for a smaller Official Cash Rate rise and caution that further rate rises might be needed; approach taken 'will most definitely generate heightened volatility'
6th Apr 23, 8:45am
103
BNZ's head of research says the RBNZ should have opted for a smaller Official Cash Rate rise and caution that further rate rises might be needed; approach taken 'will most definitely generate heightened volatility'
The Reserve Bank has double-pumped the Official Cash Rate with its surprise 50 basis point hike in an effort to blindside the markets. But is it now going to run out of ammo?
5th Apr 23, 2:55pm
115
The Reserve Bank has double-pumped the Official Cash Rate with its surprise 50 basis point hike in an effort to blindside the markets. But is it now going to run out of ammo?
ANZ economists say services-sector inflation is showing no signs of slowing and should that continue we may see inflation 'get stuck' above the targeted 1% to 3% band
7th Mar 23, 11:43am
78
ANZ economists say services-sector inflation is showing no signs of slowing and should that continue we may see inflation 'get stuck' above the targeted 1% to 3% band
BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
6th Mar 23, 10:05am
16
BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
Reserve Bank still has 'expectations' the country's banks will increase their term deposit rates - despite no moves from any of the major banks to date since last week's Official Cash Rate hike
3rd Mar 23, 9:26am
29
Reserve Bank still has 'expectations' the country's banks will increase their term deposit rates - despite no moves from any of the major banks to date since last week's Official Cash Rate hike
[updated]
'People who took out high leveraged loans in the 2020-21 period will be facing very high interest servicing costs'; RBNZ says gap between mortgage and deposit interest rates 'more extreme over recent times'
23rd Feb 23, 9:37am
71
'People who took out high leveraged loans in the 2020-21 period will be facing very high interest servicing costs'; RBNZ says gap between mortgage and deposit interest rates 'more extreme over recent times'
Live-streamed video from the February 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
22nd Feb 23, 2:55pm
Live-streamed video from the February 2023 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
[updated]
The Reserve Bank says while there are early signs of demand easing it continues to outpace supply, as reflected in strong domestic inflation; sees recent storm damage adding 0.3 percentage points to inflation in the March and June 2023 quarters
22nd Feb 23, 2:11pm
138
The Reserve Bank says while there are early signs of demand easing it continues to outpace supply, as reflected in strong domestic inflation; sees recent storm damage adding 0.3 percentage points to inflation in the March and June 2023 quarters
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the first for three months, and one that will see the RBNZ probably juggling between either a large, or extra-large OCR hike. But what about the weather?
19th Feb 23, 8:04am
90
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the first for three months, and one that will see the RBNZ probably juggling between either a large, or extra-large OCR hike. But what about the weather?
Kiwibank economists believe the Reserve Bank should hold fire with any increase of the Official Cash Rate while the country deals with the impact of Cyclone Gabrielle
16th Feb 23, 1:28pm
130
Kiwibank economists believe the Reserve Bank should hold fire with any increase of the Official Cash Rate while the country deals with the impact of Cyclone Gabrielle
'There comes a time when such restraint is no longer necessary. We are definitely approaching that time,' says BNZ head of research
15th Feb 23, 11:35am
40
'There comes a time when such restraint is no longer necessary. We are definitely approaching that time,' says BNZ head of research
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
14th Dec 22, 2:33pm
46
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
7th Dec 22, 8:08am
78
Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels
ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'
30th Nov 22, 2:56pm
13
ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'
Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
28th Nov 22, 1:57pm
119
Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees
[updated]
Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs
24th Nov 22, 8:56am
100
Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs
Live-streamed video from the November 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
23rd Nov 22, 2:55pm
3
Live-streamed video from the November 2022 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke
23rd Nov 22, 2:14pm
32
The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke
Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
23rd Nov 22, 2:10pm
301
Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one
20th Nov 22, 6:00am
118
David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one
[updated]
Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'
10th Nov 22, 9:36am
63
Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'
Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries
27th Oct 22, 10:21am
43
Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries