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Policy Targets Agreement

The expected time lag between when New Zealand begins hiking official interest rates and when Australia does is set to be the longest lag in over 20 years, ANZ economists say
22nd Jul 21, 3:07pm
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The expected time lag between when New Zealand begins hiking official interest rates and when Australia does is set to be the longest lag in over 20 years, ANZ economists say
BNZ economists raise the possibility that the Reserve Bank might hike the Official Cash Rate by half a percentage point in one go - something that last happened over 21 years ago
20th Jul 21, 2:09pm
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BNZ economists raise the possibility that the Reserve Bank might hike the Official Cash Rate by half a percentage point in one go - something that last happened over 21 years ago
David Hargreaves has for some time been fretting over our 30% house price inflation bender. The events of the past week have not made him feel any better
18th Jul 21, 6:01am
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David Hargreaves has for some time been fretting over our 30% house price inflation bender. The events of the past week have not made him feel any better
The Reserve Bank has swapped its dove clothes for hawkish attire - while we will all now be watching economic data like hawks over the next few weeks to see if the RBNZ is likely to kick off Official Cash Rate hikes as soon as August
14th Jul 21, 4:08pm
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The Reserve Bank has swapped its dove clothes for hawkish attire - while we will all now be watching economic data like hawks over the next few weeks to see if the RBNZ is likely to kick off Official Cash Rate hikes as soon as August
Experts on NZIER's 'Shadow Board' are looking for signals from the Reserve Bank about ending its bond buying programme - as well as when interest rates may be raised
12th Jul 21, 12:21pm
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Experts on NZIER's 'Shadow Board' are looking for signals from the Reserve Bank about ending its bond buying programme - as well as when interest rates may be raised
David Hargreaves looks to the second half of the year and beyond with a mixture of hope and trepidation
15th Jun 21, 2:40pm
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David Hargreaves looks to the second half of the year and beyond with a mixture of hope and trepidation
Former RBNZ chairman Arthur Grimes says the Reserve Bank should tighten monetary policy gradually and continue this tightening till house prices return to 'a much more affordable level'
22nd Feb 21, 4:01pm
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Former RBNZ chairman Arthur Grimes says the Reserve Bank should tighten monetary policy gradually and continue this tightening till house prices return to 'a much more affordable level'
David Hargreaves says while it would be lovely to simply bin this year and move straight on to 2021, we may be able to somewhat salvage matters in the second half of 2020
10th Jun 20, 7:50am
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David Hargreaves says while it would be lovely to simply bin this year and move straight on to 2021, we may be able to somewhat salvage matters in the second half of 2020
Reserve Bank is indicating that it has now done with any further interest rate cuts unless the impacts of coronavirus prove more long lasting than it currently anticipates; dollar and swap rates up
12th Feb 20, 2:09pm
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Reserve Bank is indicating that it has now done with any further interest rate cuts unless the impacts of coronavirus prove more long lasting than it currently anticipates; dollar and swap rates up
ANZ economists now see no further cuts at all to the Official Cash Rate this year after only a matter of weeks ago forecasting three further cuts
21st Jan 20, 11:45am
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ANZ economists now see no further cuts at all to the Official Cash Rate this year after only a matter of weeks ago forecasting three further cuts
David Hargreaves cunningly avoids making any predictions as he outlines some of the economic-related issues he's looking out for in the year ahead
15th Jan 20, 11:10am
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David Hargreaves cunningly avoids making any predictions as he outlines some of the economic-related issues he's looking out for in the year ahead
David Hargreaves tries to overcome his astonishment at the speed with which 2019 has disappeared and outlines some of the key economic developments as he has seen it over the past 12 months
17th Dec 19, 8:11am
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David Hargreaves tries to overcome his astonishment at the speed with which 2019 has disappeared and outlines some of the key economic developments as he has seen it over the past 12 months
David Hargreaves assesses the country's missed infrastructure opportunity while conceding that the Coalition has set itself up well for the election campaign next year
12th Dec 19, 2:42pm
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David Hargreaves assesses the country's missed infrastructure opportunity while conceding that the Coalition has set itself up well for the election campaign next year
David Hargreaves looks at the astonishing change in mood across the country in the last few weeks and how that leaves us placed for next year - election year
10th Dec 19, 10:23am
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David Hargreaves looks at the astonishing change in mood across the country in the last few weeks and how that leaves us placed for next year - election year
ANZ economists say a 'realistic guess' is that the Government will lift its net debt to about 23% of GDP, from the current 20%, by the year 2022
5th Dec 19, 2:43pm
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ANZ economists say a 'realistic guess' is that the Government will lift its net debt to about 23% of GDP, from the current 20%, by the year 2022
ANZ economists now see OCR only going as low as 0.75% following a softening of the RBNZ proposals for bank capital, combined with a more positive domestic outlook and in particular upside to government infrastructure spending
5th Dec 19, 1:22pm
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ANZ economists now see OCR only going as low as 0.75% following a softening of the RBNZ proposals for bank capital, combined with a more positive domestic outlook and in particular upside to government infrastructure spending
David Hargreaves tries to make sense of the Government's signalled plans to have a spend-up on infrastructure
2nd Dec 19, 10:23am
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David Hargreaves tries to make sense of the Government's signalled plans to have a spend-up on infrastructure
ASB economists now say they expect just one more cut to the Official Cash Rate, in May next year; see some 'material upside risk' to GDP growth forecasts
28th Nov 19, 3:48pm
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ASB economists now say they expect just one more cut to the Official Cash Rate, in May next year; see some 'material upside risk' to GDP growth forecasts
This week's OCR review was the first of four key pre-Christmas announcements that will collectively have a big influence on the economy next year. David Hargreaves reads the tea leaves
17th Nov 19, 6:02am
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This week's OCR review was the first of four key pre-Christmas announcements that will collectively have a big influence on the economy next year. David Hargreaves reads the tea leaves
Reserve Bank says economic developments since its August Monetary Policy Statement do not warrant a change to the already stimulatory monetary setting at this time; dollar rises, wholesale interest rates shoot up
13th Nov 19, 2:07pm
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Reserve Bank says economic developments since its August Monetary Policy Statement do not warrant a change to the already stimulatory monetary setting at this time; dollar rises, wholesale interest rates shoot up
The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
11th Nov 19, 11:28am
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The market is unusually divided about whether the RBNZ will cut interest rates or not in its next review this week - but either way a strong reaction can be expected
ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
4th Nov 19, 1:42pm
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ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
BNZ economists say the Reserve Bank's latest messages inject uncertainty about what the central bank will say and do at its next interest rate review next month
29th Oct 19, 3:00pm
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BNZ economists say the Reserve Bank's latest messages inject uncertainty about what the central bank will say and do at its next interest rate review next month
International independent research firm Capital Economics says the risks are 'skewed' to the RBNZ making more cuts, possibly into negative interest rates - 'if the Government doesn't step up it's game soon'
9th Oct 19, 3:29pm
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International independent research firm Capital Economics says the risks are 'skewed' to the RBNZ making more cuts, possibly into negative interest rates - 'if the Government doesn't step up it's game soon'
David Hargreaves says with an Official Cash Rate that could well be as low as 0.5% by Christmas, it is not too hard to imagine an OCR with a minus sign in front of it by later next year
6th Oct 19, 4:46am
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David Hargreaves says with an Official Cash Rate that could well be as low as 0.5% by Christmas, it is not too hard to imagine an OCR with a minus sign in front of it by later next year