QE
ANZ economists say it is 'possible but unlikely' a negative Official Cash Rate might be employed next year if the economic outlook became bad enough
9th Jul 20, 2:51pm
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ANZ economists say it is 'possible but unlikely' a negative Official Cash Rate might be employed next year if the economic outlook became bad enough
The NZ dollar may have strengthened, but trying to weaken it wouldn't achieve as much as it would've before Covid smashed international tourism, argues banking consultant
3rd Jul 20, 2:56pm
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The NZ dollar may have strengthened, but trying to weaken it wouldn't achieve as much as it would've before Covid smashed international tourism, argues banking consultant
Our central bank might have delayed any potential move into negative interest rates, but only a hardened gambler would bet against our Official Cash Rate having a minus sign in front of it by early next year
25th Jun 20, 2:09pm
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Our central bank might have delayed any potential move into negative interest rates, but only a hardened gambler would bet against our Official Cash Rate having a minus sign in front of it by early next year
RBNZ says the balance of economic risks still remains on the downside and it is prepared to provide additional stimulus as necessary
24th Jun 20, 2:08pm
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RBNZ says the balance of economic risks still remains on the downside and it is prepared to provide additional stimulus as necessary
The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford
21st Jun 20, 6:02am
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The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford
ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
18th Jun 20, 2:16pm
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ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
Why the Government needs to start paying attention to where the money being pumped into the economy via QE is going, and who's going to pay for it
18th Jun 20, 10:51am
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Why the Government needs to start paying attention to where the money being pumped into the economy via QE is going, and who's going to pay for it
With central banks' money printers fired up, Green Party co-leader James Shaw says there's an even stronger case for redistributing the cost of the COVID crisis through a capital gains tax
8th Jun 20, 1:37pm
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With central banks' money printers fired up, Green Party co-leader James Shaw says there's an even stronger case for redistributing the cost of the COVID crisis through a capital gains tax
QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
4th Jun 20, 3:53pm
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QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
Gareth Vaughan on a need for more banks, living in a burning building, New Zealand stacking up well, the collision of science and politics, the Psychopath in Chief & a song for Dominic Cummings
4th Jun 20, 10:02am
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Gareth Vaughan on a need for more banks, living in a burning building, New Zealand stacking up well, the collision of science and politics, the Psychopath in Chief & a song for Dominic Cummings
Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
29th May 20, 9:01am
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Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
Adrian Orr: More QE would be the 'simple' way for the Reserve Bank to boost the economy; Going further and getting the Bank to directly finance government initiatives would be ‘achievable’
22nd May 20, 11:44am
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Adrian Orr: More QE would be the 'simple' way for the Reserve Bank to boost the economy; Going further and getting the Bank to directly finance government initiatives would be ‘achievable’
ANZ economists now predict the Reserve Bank will increase the quantitative easing programme to $90 billion by August if not sooner
18th May 20, 10:39am
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ANZ economists now predict the Reserve Bank will increase the quantitative easing programme to $90 billion by August if not sooner
The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
13th May 20, 5:21pm
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The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
13th May 20, 3:11pm
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Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
RBNZ nearly doubles quantitative easing programme to $60 billion; Reaffirms forward guidance to keep OCR at 0.25%, but specifically says it's prepared to reduce the OCR further; Sees deflation occurring in 2021
13th May 20, 2:13pm
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RBNZ nearly doubles quantitative easing programme to $60 billion; Reaffirms forward guidance to keep OCR at 0.25%, but specifically says it's prepared to reduce the OCR further; Sees deflation occurring in 2021
RBNZ expected to double QE programme on Wednesday, but will it provide more forward guidance and signal it might - just maybe - cut the OCR before next year?
9th May 20, 12:22pm
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RBNZ expected to double QE programme on Wednesday, but will it provide more forward guidance and signal it might - just maybe - cut the OCR before next year?
The onset of the Covid-19 crisis has sent expectations of inflation over the next two years plummeting to new lows in a new influential RBNZ survey; house price drop of nearly 5.5% seen in next year
7th May 20, 3:22pm
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The onset of the Covid-19 crisis has sent expectations of inflation over the next two years plummeting to new lows in a new influential RBNZ survey; house price drop of nearly 5.5% seen in next year
Economist Brian Easton points out that a fiscal deficit creates a liability for the government. Somewhere outside government in the private sector there is a private asset matching this public liability
3rd May 20, 9:21am
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Economist Brian Easton points out that a fiscal deficit creates a liability for the government. Somewhere outside government in the private sector there is a private asset matching this public liability
Raf Manji on the lessons from Christchurch for a COVID-19 world, and a lesson from Japan pointing the way to fixing local government funding and building infrastructure
3rd May 20, 6:31am
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Raf Manji on the lessons from Christchurch for a COVID-19 world, and a lesson from Japan pointing the way to fixing local government funding and building infrastructure
Westpac chief economist and Triple T Consulting founder expect the RBNZ will have to take the OCR into negative territory earlier than indicated
28th Apr 20, 10:00am
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Westpac chief economist and Triple T Consulting founder expect the RBNZ will have to take the OCR into negative territory earlier than indicated
Mauldin Economics' Patrick Watson bemoans that massive central bank intervention in financial markets allows zombie companies to stand in the way of progress and creates meaningless market pricing
24th Apr 20, 2:01pm
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Mauldin Economics' Patrick Watson bemoans that massive central bank intervention in financial markets allows zombie companies to stand in the way of progress and creates meaningless market pricing
Brian Fallow looks at where the Government is getting the money from for its dramatic increase in spending, concluding direct monetary financing is possible down the line
22nd Apr 20, 10:17am
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Brian Fallow looks at where the Government is getting the money from for its dramatic increase in spending, concluding direct monetary financing is possible down the line
Finance Minister warns we're in for a long haul; Says the govt is considering extending the Business Finance Guarantee Scheme and buying stakes in big business
18th Apr 20, 12:24pm
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Finance Minister warns we're in for a long haul; Says the govt is considering extending the Business Finance Guarantee Scheme and buying stakes in big business
Brian Fallow looks at the dire economic prognosis thanks to COVID-19, and probes the key issues and options for policy makers as they look ahead to a time when the virus is under control
8th Apr 20, 3:26pm
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Brian Fallow looks at the dire economic prognosis thanks to COVID-19, and probes the key issues and options for policy makers as they look ahead to a time when the virus is under control