monetary policy
In a new episode of our Of Interest podcast, Jennifer Wilkins explains what the degrowth movement is about, and how degrowthers see the world
25th Apr 24, 7:30am
74
In a new episode of our Of Interest podcast, Jennifer Wilkins explains what the degrowth movement is about, and how degrowthers see the world
Patrick Watson reckons the potential for mass unemployment is lower than it used to be, so wonders if the US can have a recession if unemployment can’t rise
20th Apr 24, 9:12am
36
Patrick Watson reckons the potential for mass unemployment is lower than it used to be, so wonders if the US can have a recession if unemployment can’t rise
Richard Werner argues the Bank of Japan raising interest rates for the first time in 17 years was a move to support the US dollar
19th Apr 24, 11:34am
21
Richard Werner argues the Bank of Japan raising interest rates for the first time in 17 years was a move to support the US dollar
[updated]
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
17th Apr 24, 10:57am
141
March annual inflation comes in higher than RBNZ expected while rent prices climb to highest rate since at least 1999
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
17th Apr 24, 6:01am
50
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
14th Apr 24, 8:07am
61
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
11th Apr 24, 7:39am
39
The Reserve Bank’s Monetary Policy Committee adds the word ‘confident’ to its inflation forecast, even as hot CPI release looms
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
129
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
7th Apr 24, 6:00am
80
With economic data having panned out roughly as the Reserve Bank forecast, this suggests there won't be an OCR change on April 10
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
5th Apr 24, 10:17am
5
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
Squirrel's David Cunningham argues the Reserve Bank should start cutting interest rates on April 10
31st Mar 24, 8:00am
188
Squirrel's David Cunningham argues the Reserve Bank should start cutting interest rates on April 10
Consultant Carl Hansen and professor Prasanna Gai to join the RBNZ's Monetary Policy Committee
28th Mar 24, 5:01pm
13
Consultant Carl Hansen and professor Prasanna Gai to join the RBNZ's Monetary Policy Committee
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy
25th Mar 24, 3:40pm
15
Research by the Reserve Bank suggests using a different set of employment indicators to better measure inflation pressure in the economy
International Monetary Fund says it will continue advocating for a capital gains tax in New Zealand even as the Prime Minister and Finance Minister dismiss its recommendations
20th Mar 24, 4:24pm
45
International Monetary Fund says it will continue advocating for a capital gains tax in New Zealand even as the Prime Minister and Finance Minister dismiss its recommendations
Bradford DeLong asks why is the American long-term real safe interest rate so far above the neutral level?
16th Mar 24, 10:34am
7
Bradford DeLong asks why is the American long-term real safe interest rate so far above the neutral level?
[updated]
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
13th Mar 24, 11:31am
12
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
13th Mar 24, 9:34am
46
Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
8th Mar 24, 10:02am
27
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
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'
4th Mar 24, 11:41am
23
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'
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
4th Mar 24, 7:31am
73
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
Reserve Bank keen for fully fledged monthly CPI inflation data from Statistics NZ with regular reweightings
2nd Mar 24, 9:01am
14
Reserve Bank keen for fully fledged monthly CPI inflation data from Statistics NZ with regular reweightings
The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
29th Feb 24, 5:00am
73
The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
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'
28th Feb 24, 2:13pm
104
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'
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
27th Feb 24, 3:49pm
9
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
Girol Karacaoglu suggests we need to move away from a price (interest-rate) centred monetary policy implementation regime and we need to control the growth of the aggregate balance sheet of the banking system
27th Feb 24, 8:35am
18
Girol Karacaoglu suggests we need to move away from a price (interest-rate) centred monetary policy implementation regime and we need to control the growth of the aggregate balance sheet of the banking system