The Reserve Bank today confirmed that new rules tighten restrictions on bank lending to residential property buyers throughout New Zealand.
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.
Commission for Financial Capability said tactics ranged from emails, letters and phone calls to face-to-face meetings
Almost half of New Zealand businesses do not have cyber insurance in place, report states
NZ dollar dips below 69 US cents as risk appetite, commodity prices fall