monetary policy
[updated]
Reserve Bank sees OCR being as high as 3.9% by June next year
A repeat of 1970s-style stagflation is unlikely but high inflation needs to end soon, Bank for International Settlements bulletin article argues
23rd May 22, 8:30am
15
A repeat of 1970s-style stagflation is unlikely but high inflation needs to end soon, Bank for International Settlements bulletin article argues
Bank economists agree the RBNZ will lift the OCR by 50 basis points to 2% on Wednesday, so what else are they focusing on?
21st May 22, 9:05am
131
Bank economists agree the RBNZ will lift the OCR by 50 basis points to 2% on Wednesday, so what else are they focusing on?
BNZ's Stephen Toplis argues the labour market is causing RBNZ monetary policy more problems than the highest inflation in 30 years
18th May 22, 12:40pm
42
BNZ's Stephen Toplis argues the labour market is causing RBNZ monetary policy more problems than the highest inflation in 30 years
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
17th May 22, 7:50am
75
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
IMF says New Zealand house prices have increased by almost four times the average increase across OECD countries since 1998
16th May 22, 10:11am
164
IMF says New Zealand house prices have increased by almost four times the average increase across OECD countries since 1998
Statistics New Zealand says food prices climbed 0.1% last month, with the rise in minimum wage having an impact
12th May 22, 11:14am
7
Statistics New Zealand says food prices climbed 0.1% last month, with the rise in minimum wage having an impact
Finance Minister believes NZ is in a strong position to weather the current global storms
12th May 22, 9:23am
86
Finance Minister believes NZ is in a strong position to weather the current global storms
BNZ economists say the chances of a recession increase by the day and they are predicting economic growth to 'stall' completely next year; house price falls to get worse
11th May 22, 1:30pm
164
BNZ economists say the chances of a recession increase by the day and they are predicting economic growth to 'stall' completely next year; house price falls to get worse
Statistics New Zealand says private sector wage costs rose 3.1% in the past year
4th May 22, 11:04am
25
Statistics New Zealand says private sector wage costs rose 3.1% in the past year
Reserve Bank of Australia increases cash rate target by 25 basis points to 35 basis points, its first rate hike since 2010
3rd May 22, 4:40pm
20
Reserve Bank of Australia increases cash rate target by 25 basis points to 35 basis points, its first rate hike since 2010
Finance Minister announces new debt ceiling and surplus targets, new headline debt measure, and a later return to surplus than earlier targeted
3rd May 22, 8:10am
72
Finance Minister announces new debt ceiling and surplus targets, new headline debt measure, and a later return to surplus than earlier targeted
This week's labour market figures are expected to see unemployment drop even further, but arguably more important will be whether wage rates are starting to take off
2nd May 22, 11:20am
39
This week's labour market figures are expected to see unemployment drop even further, but arguably more important will be whether wage rates are starting to take off
Economist Brian Easton says reductions in effective productivity, largely as a result of events overseas, require reductions in real incomes. Ignore that and you cannot defeat inflation
2nd May 22, 7:15am
47
Economist Brian Easton says reductions in effective productivity, largely as a result of events overseas, require reductions in real incomes. Ignore that and you cannot defeat inflation
David Hargreaves says we need to be keeping a close eye on what happens when households face - as they will - enormous increases in mortgage payments
20th Apr 22, 2:13pm
191
David Hargreaves says we need to be keeping a close eye on what happens when households face - as they will - enormous increases in mortgage payments
Finance Minister Grant Robertson not (yet at least) signalling intent to respond to the Reserve Bank's call for help tackling inflation
19th Apr 22, 2:57pm
53
Finance Minister Grant Robertson not (yet at least) signalling intent to respond to the Reserve Bank's call for help tackling inflation
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
19th Apr 22, 2:44pm
42
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting
19th Apr 22, 9:51am
205
RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting
TOP leader Raf Manji argues the RBNZ shouldn't overcook its response to inflation, as it overcooked its response to Covid-19
18th Apr 22, 9:15am
77
TOP leader Raf Manji argues the RBNZ shouldn't overcook its response to inflation, as it overcooked its response to Covid-19
Economists see the Reserve Bank cranking up the OCR by another 50 points in May to prevent it ultimately landing as high as financial markets were expecting
13th Apr 22, 7:05pm
73
Economists see the Reserve Bank cranking up the OCR by another 50 points in May to prevent it ultimately landing as high as financial markets were expecting
David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market
13th Apr 22, 2:12pm
25
David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market
Reserve Bank lifts Official Cash Rate by 50 points to 1.5%, 'bringing forward' monetary tightening to avoid high inflation becoming embedded
13th Apr 22, 2:10pm
253
Reserve Bank lifts Official Cash Rate by 50 points to 1.5%, 'bringing forward' monetary tightening to avoid high inflation becoming embedded
Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March
13th Apr 22, 11:15am
45
Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March
ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
11th Apr 22, 2:21pm
107
ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates
NZIER's Shadow Board sharply divided over whether the Reserve Bank should increase the OCR 25 or 50 basis points on Wednesday
11th Apr 22, 10:54am
100
NZIER's Shadow Board sharply divided over whether the Reserve Bank should increase the OCR 25 or 50 basis points on Wednesday