New Zealand’s central bank doesn’t expect that zero interest rates will be required to combat low inflation, assistant governor John McDermott said.
The Reserve Bank's Wheeler said while he intends to lower interest rates further to revive inflation, a series of rapid cuts is not justified.
Two major banks have both dropped interest rates and raised deposit rates, in response to yesterday’s official cash rate cut.
The Reserve Bank highlighted two alternative scenarios in its monetary policy statement and both of them were on downside risks to rates
New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency.
With the Reserve Bank set to issue its next monetary policy statement on Thursday, the markets are predicting a hundred per cent chance of a cut
The major bank has received the award for the third year running
The largest home loan lender has reduced two of its 'special' fixed interest rates
AIA Group and Zurich Insurance have lobbed bids to buy Sovereign and CommInsure