Articles Tagged ‘Reserve Bank of New Zealand (RBNZ)’

OCR unchanged at 2.5 percent

Last week the Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “New Zealand’s economic outlook remains broadly consistent with that described in the June Monetary Policy Statement.” “New Zealand’s trading partner outlook remains weak. Several euro-area economies are in recession and Chinese growth has slowed. The […]

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 […]

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 […]

OCR Outlook Positive

It is widely speculated amongst chief economists that the Reserve Bank of New Zealand will keep the Official Cash Rate (OCR) from 2.5 per cent when it meets next month at its September board meeting. Economic data in New Zealand will be monitored, closely as the bank determines its moves over the last part of […]

RBNZ, Building Homes Key to Affordability

Policy-makers need to become more responsive to the housing market and need to focus on housing supply as they try to make homes more affordable, according to the Reserve Bank of New Zealand (RBNZ) in its submission on Housing Affordability to the Productivity Commission. It is the kiwi dream to own your own modest home […]