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Kiwi Stories

Reserve Bank says 'not now' to the idea of official digital currency
Crypto

Reserve Bank says 'not now' to the idea of official digital currency

Reserve Bank says it won't issue a digital currency for now, but may do so in the future, as digital payments and cryptocurrencies grow in popularity.

By Sara Barker • 3 min read • Thu, 28th Jun 2018
Reserve Bank keeps watchful eye on security; steers away from prescriptive rules
Risk & Compliance

Reserve Bank keeps watchful eye on security; steers away from prescriptive rules

The Reserve Bank is letting the finance sector, regulators and other authorities steer their own course through cyber issues and security.

By Sara Barker • 3 min read • Mon, 24th Jul 2017
NZ house prices rise 8% in March, led by a 13% jump in Auckland
Housing

NZ house prices rise 8% in March, led by a 13% jump in Auckland

New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting demand, putting pressure on the market.

By Pattrick Smellie • 2 min read • Tue, 14th Apr 2015
RBA keeps key rate at 2.25%, kiwi dollar retreats
Reserve Bank of New Zealand

RBA keeps key rate at 2.25%, kiwi dollar retreats

The Reserve Bank of Australia held its cash rate unchanged at a record low, surprising market participants who had been betting on a further cut and d.

By Pattrick Smellie • 2 min read • Tue, 7th Apr 2015
NZ building consents fall for a third month in February
Reserve Bank of New Zealand

NZ building consents fall for a third month in February

New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.

By Pattrick Smellie • 2 min read • Tue, 31st Mar 2015
Inflation target at 2% risks overheated economy, says BNZ
Bank of New Zealand

Inflation target at 2% risks overheated economy, says BNZ

Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank.

By Pattrick Smellie • 4 min read • Fri, 27th Mar 2015
New Zealand's commercial property lending less risky now due to lower debt funding
Reserve Bank of New Zealand

New Zealand's commercial property lending less risky now due to lower debt funding

The Reserve Bank said New Zealand's $180 billion commercial property sector has become less risky since the global financial crisis because a reduced.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
NZ dollar extends gains after upbeat RBNZ, weaker US retail sales
Reserve Bank of New Zealand

NZ dollar extends gains after upbeat RBNZ, weaker US retail sales

The New Zealand dollar extended its gains overnight after the Reserve Bank's better-than-expected outlook for the local economy and as the greenback d.

By Pattrick Smellie • 2 min read • Fri, 13th Mar 2015
NZ dollar gains after RBNZ's Wheeler keeps rates uncanged, upbeat on local outlook
Reserve Bank of New Zealand

NZ dollar gains after RBNZ's Wheeler keeps rates uncanged, upbeat on local outlook

The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
RBNZ reviewing 4.5% 'neutral' monetary policy setting
Reserve Bank of New Zealand

RBNZ reviewing 4.5% 'neutral' monetary policy setting

Work is underway to review what the central bank thinks is a neutral setting - where the OCR neither stimulates nor holds back economic growth.

By Pattrick Smellie • 3 min read • Thu, 12th Mar 2015
NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices
Housing

NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices

New Zealand residential property prices rose in February, led by Auckland where an under-supply of housing is putting pressure on the market.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
Tepid inflation surprise raises spectre of lower interest rates
Reserve Bank of New Zealand

Tepid inflation surprise raises spectre of lower interest rates

Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
NZ dollar drops to 5-week low ahead of RBNZ as greenback surges
Reserve Bank of New Zealand

NZ dollar drops to 5-week low ahead of RBNZ as greenback surges

The New Zealand dollar dropped to a five-week low ahead of the Reserve Bank decision on interest rates today as the greenback surged to a 12-year high.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015

Global Stories

NZ dollar hits new record against Aussie, stoking parity speculation
Reserve Bank of New Zealand

NZ dollar hits new record against Aussie, stoking parity speculation

The New Zealand dollar touched a new record against the Australian dollar overnight, renewing speculation about the possibility of parity.

By Pattrick Smellie • 3 min read • Tue, 24th Mar 2015
RBNZ looking at risk modelling, pricing to help boost returns
Transparency

RBNZ looking at risk modelling, pricing to help boost returns

The Reserve Bank is looking at the way it models risk and pricing in respect to its own financial operations, which it hopes will allow it to generate.

By Pattrick Smellie • 3 min read • Fri, 13th Mar 2015
NZ food prices decline in February, led by lower fruit, vegetable, meat prices
Statistics NZ

NZ food prices decline in February, led by lower fruit, vegetable, meat prices

New Zealand food prices fell in February, led by seasonal declines in fruit and vegetables and lower meat prices.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says
Reserve Bank of New Zealand

Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says

Cheap oil is expected to boost New Zealand's national income by NZD $2.4 billion annually, says the Reserve Bank, benefiting domestic growth.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
RBNZ's Wheeler keeps OCR on hold, no rate hikes ahead
Reserve Bank of New Zealand

RBNZ's Wheeler keeps OCR on hold, no rate hikes ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down infl.

By Pattrick Smellie • 5 min read • Thu, 12th Mar 2015