New Zealand central bank Governor Graeme Wheeler said interest rates are probably low enough to return inflation to his 2 percent goal.
Governor Graeme Wheeler has said as long as there is still an imbalance between demand and supply “there is a significant risk of further upward pressure on house prices”.
The Reserve Bank said it has probably done enough to return inflation to target as economic growth quickens.
The Reserve Bank of New Zealand has reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.
After several false dawns, New Zealand’s central bank may be finally arriving at the end of its easing cycle.
New Zealand inflation slowed less than economists forecast in the third quarter, prompting the local dollar to jump.
A new report from Colliers International says the popular South Island town has some strong trends in the medium term but warns of affordability issues
The national median house price has hit a new high along with four regions, the latest REINZ data reveals
The Financial Markets Authority is reaching out for feedback on its proposals for robo-advice to be enabled prior to legislative changes