The RBNZ says it plans to keep borrowing costs at a record low for a prolonged period as inflation returns only gradually to target
After several false dawns, New Zealand’s central bank may be finally arriving at the end of its easing cycle.
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.
After Prime Minister John Key called on banks to pass on any interest rate cuts by the Reserve Bank in full, one economist says it won’t happen
New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency.
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