monetary policy
Reserve Bank says there's no sign that higher servicing costs are as yet translating into substantive increases in the level of arrears or stress in commercial bank home lending portfolios
23rd Aug 22, 8:11am
24
Reserve Bank says there's no sign that higher servicing costs are as yet translating into substantive increases in the level of arrears or stress in commercial bank home lending portfolios
Reserve Bank defends use of quantitative easing, saying it did so because it was 'constrained' from taking the Official Cash Rate into the negatives
18th Aug 22, 9:19am
65
Reserve Bank defends use of quantitative easing, saying it did so because it was 'constrained' from taking the Official Cash Rate into the negatives
Reserve Bank Governor refuses to say whether he wants a second term; frames RBNZ's five-year inquiry report due in late 2022 as independent lesson-learning effort
18th Aug 22, 6:56am
33
Reserve Bank Governor refuses to say whether he wants a second term; frames RBNZ's five-year inquiry report due in late 2022 as independent lesson-learning effort
Reserve Bank now forecasts a slightly higher peak for the Official Cash Rate of over 4% by June next year
17th Aug 22, 2:12pm
247
Reserve Bank now forecasts a slightly higher peak for the Official Cash Rate of over 4% by June next year
With financial markets increasingly expecting interest rates might ease next year, the Reserve Bank may well deliver a strongly 'hawkish' message next week to the effect that now is not the time to ease up on inflation
14th Aug 22, 8:02am
96
With financial markets increasingly expecting interest rates might ease next year, the Reserve Bank may well deliver a strongly 'hawkish' message next week to the effect that now is not the time to ease up on inflation
BNZ economists say one of the tricky aspects facing the RBNZ is the 'market' desire to price in interest rate cuts next year
9th Aug 22, 9:17am
67
BNZ economists say one of the tricky aspects facing the RBNZ is the 'market' desire to price in interest rate cuts next year
Westpac economists think NZ is finding where the unemployment floor lies, with no net growth in Job numbers and all of the heat in labour market coming through in pay rates
8th Aug 22, 12:00pm
62
Westpac economists think NZ is finding where the unemployment floor lies, with no net growth in Job numbers and all of the heat in labour market coming through in pay rates
TOP Leader Raf Manji says an inquiry into the RBNZ's Covid-19 response could help establish a blueprint for managing future crises
7th Aug 22, 6:00am
21
TOP Leader Raf Manji says an inquiry into the RBNZ's Covid-19 response could help establish a blueprint for managing future crises
Jason Furman argues the US Federal Reserve should err on the side of doing too much, rather than too little
5th Aug 22, 12:42pm
8
Jason Furman argues the US Federal Reserve should err on the side of doing too much, rather than too little
Latest labour market data showing 'severe capacity constraints and intensifying wage pressures' prompt change of view and perceived need for the Reserve Bank to do a little more against inflation
4th Aug 22, 9:46am
30
Latest labour market data showing 'severe capacity constraints and intensifying wage pressures' prompt change of view and perceived need for the Reserve Bank to do a little more against inflation
The apparently contradictory nature of the latest labour market figures - showing rising unemployment, but very fast-rising wages - gives the RBNZ a whole lot to think about as it ponders its next Official Cash Rate review
3rd Aug 22, 3:09pm
77
The apparently contradictory nature of the latest labour market figures - showing rising unemployment, but very fast-rising wages - gives the RBNZ a whole lot to think about as it ponders its next Official Cash Rate review
Statistics New Zealand says the unemployment rate has risen to 3.3% from 3.2%, while private sector hourly wages have risen 7%
3rd Aug 22, 11:10am
108
Statistics New Zealand says the unemployment rate has risen to 3.3% from 3.2%, while private sector hourly wages have risen 7%
Reserve Bank of Australia increases cash rate to 1.85%, sees CPI inflation of 7.75% this year
2nd Aug 22, 4:40pm
9
Reserve Bank of Australia increases cash rate to 1.85%, sees CPI inflation of 7.75% this year
Gareth Vaughan says of all the recent criticisms of the RBNZ, the hardest one to understand is the charge that it shouldn't take an interest in climate change
2nd Aug 22, 2:48pm
47
Gareth Vaughan says of all the recent criticisms of the RBNZ, the hardest one to understand is the charge that it shouldn't take an interest in climate change
David Hargreaves assesses the possibilities and prospects ahead of the release of labour market data next week that will likely show the country's unemployment rate hitting a new low and the biggest rates of pay rises in well over a decade
31st Jul 22, 6:00am
87
David Hargreaves assesses the possibilities and prospects ahead of the release of labour market data next week that will likely show the country's unemployment rate hitting a new low and the biggest rates of pay rises in well over a decade
Gareth Vaughan argues politics isn't the reason we should have a review, or inquiry, into the RBNZ's monetary policy response to the Covid-19 pandemic
29th Jul 22, 11:32am
74
Gareth Vaughan argues politics isn't the reason we should have a review, or inquiry, into the RBNZ's monetary policy response to the Covid-19 pandemic
Investors jubilant at the prospect of central banks avoiding brutally high interest rates, but the danger is far from gone
28th Jul 22, 2:15pm
12
Investors jubilant at the prospect of central banks avoiding brutally high interest rates, but the danger is far from gone
Bernard Hickey suggests some terms of reference for a truly independent inquiry into the Reserve Bank's 'tidal wave of cash' unleashed in 2020 and 2021
28th Jul 22, 1:07pm
34
Bernard Hickey suggests some terms of reference for a truly independent inquiry into the Reserve Bank's 'tidal wave of cash' unleashed in 2020 and 2021
[updated]
National wants review of Reserve Bank's 'inflationary money printing' before decision on Governor's second term; Robertson rejects call from 'Captain Hindsight'
26th Jul 22, 3:56pm
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National wants review of Reserve Bank's 'inflationary money printing' before decision on Governor's second term; Robertson rejects call from 'Captain Hindsight'
Gareth Vaughan on the missing profits of nations, the last taboo in central banking, the CBDC threat to ticket clippers, China's 'mountain of non-performing loans,' & the multi-billion dollar global illegal mining industry
26th Jul 22, 10:34am
46
Gareth Vaughan on the missing profits of nations, the last taboo in central banking, the CBDC threat to ticket clippers, China's 'mountain of non-performing loans,' & the multi-billion dollar global illegal mining industry
[updated]
One-term Governor joins Brash, Spencer, Grimes and McDermott in criticising RBNZ's QE-laden looseness since 2019
26th Jul 22, 8:41am
74
One-term Governor joins Brash, Spencer, Grimes and McDermott in criticising RBNZ's QE-laden looseness since 2019
ASB the biggest user of the public money on offer via the Reserve Bank's Funding for Lending Programme
22nd Jul 22, 5:00am
27
ASB the biggest user of the public money on offer via the Reserve Bank's Funding for Lending Programme
Reserve Bank may have lots of good company in the money-printing dog box, but that doesn't let it or the Government off the hook on inflation
21st Jul 22, 1:37pm
44
Reserve Bank may have lots of good company in the money-printing dog box, but that doesn't let it or the Government off the hook on inflation
As our Official Cash Rate is being increased at never-before-seen speed, David Hargreaves tries to make sense of it all and the potential repercussions
21st Jul 22, 1:24pm
65
As our Official Cash Rate is being increased at never-before-seen speed, David Hargreaves tries to make sense of it all and the potential repercussions
Quality analysis, unlike that done by the bank economists and Reserve Bank, points to a dire near-term outlook, questioning the case for more OCR hikes at this stage, says Rodney Dickens
20th Jul 22, 11:39am
166
Quality analysis, unlike that done by the bank economists and Reserve Bank, points to a dire near-term outlook, questioning the case for more OCR hikes at this stage, says Rodney Dickens