Articles Tagged ‘RBNZ’

New Zealand Financial System Coping Well

Global economic and financial conditions continue to pose risks for New Zealand’s financial system, Reserve Bank Governor Alan Bollard said when releasing the May 2012 Financial Stability Report. “Financial market sentiment has improved since the start of 2012, largely reflecting policy measures in Europe. However, the situation remains fragile given limited progress in addressing Europe’s […]

OCR Unchanged At 2.5 Percent

The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent at its April meeting. Reserve Bank Governor Alan Bollard said: “Inflation is restrained and is expected to stay near the middle of the Bank’s target range. “The domestic economy is showing signs of recovery. Housing market activity continues to increase and a […]

Rate Hold Reflects Signs of Recovery

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Inflation has settled near the middle of the Bank’s target range, and inflation expectations have fallen. “The domestic economy is showing signs of recovery. Household spending appears to have picked up over the past few […]

Could we be Better Off Than we Think?

International comparisons of economic statistics can be fraught with difficulties and could have resulted in New Zealand’s economic performance being understated, Reserve Bank Governor Alan Bollard said today. Different countries use different methodologies and data sources, meaning – in some cases – care needs to be taken when comparing economic statistics, Dr Bollard told a […]

RBNZ’s Arms Stay Folded

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Since the time of the December Statement, financial market sentiment has improved slightly, with increased liquidity in European financial markets. However, the global economy remains fragile and risks to the outlook remain. “World prices for […]

Property Outlook Positive for 2012

Lower interest rates and growing consumer confidence will help stimulate the home finance market in 2012, says leading mortgage group Loan Market. The year ahead looks quite promising with the likelihood of interest rates staying on hold and lender risk appetites growing. With many economic forecasters expecting the RBNZ to remain on the sidelines until […]

OCR on Hold Over Christmas

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of volatility in financial markets. There […]

Financial Stability Report Signals Relief

The Reserve Bank of New Zealand (RBNZ) has released its twice-yearly Stability Report as the global growth weakens and the sovereign debt crisis escalates inEurope, signalling some relief to New Zealanders. In his statement Dr Allan Bollard said, “Risks toNew Zealand’s economy and financial system have increased in recent months.” However he went on to […]

Central Bank Will Wait and See

At its October board meeting, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) hold at 2.5 per cent. The decision by the RBNZ demonstrates its ‘wait and see’ approach, expected to carry through to early 2012. “Given the ongoing global economic and financial risks, it remains prudent to continue to […]

Central Bank Holds Rates

At its September board meeting, the Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard has, as anticipated, left the official cash rate (OCR) unchanged at 2.5 per cent. The decision by the RBNZ indicatesNew Zealand’s strong local economy, Dr Bollard stating at his September Monetary Policy Meeting “If recent global developments have only a […]