stimulus

As we await the start of cuts to the Official Cash Rate, David Hargreaves questions what damage may have been done by the recent heavy-handed and sledgehammer-like interest rate hiking cycle

As we await the start of cuts to the Official Cash Rate, David Hargreaves questions what damage may have been done by the recent heavy-handed and sledgehammer-like interest rate hiking cycle

Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs

Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs

Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'

Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'

Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'

Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'

Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again

Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again

Stephen Roach argues that the Chinese government's muted stimulus is an attempt to wean itself off debt-intensive economic growth

Stephen Roach argues that the Chinese government's muted stimulus is an attempt to wean itself off debt-intensive economic growth

Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time

Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time

The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign

The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

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'

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

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'

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?

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?

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

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

'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'

'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'

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

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

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'

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

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'

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

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

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

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

The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke

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

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

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'

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'