Auckland’s spreading property bonanza is one of the reasons Reserve Bank Governor Graeme Wheeler may tread carefully as he considers cutting interest rates to a fresh record low on Thursday.
New Zealand’s central bank said it may need to cut interest rates further as falling oil prices and a weaker global growth outlook prolong a period of low inflation.
Governor Graeme Wheeler may have greater scope to cut interest rates as annual inflation has slowed to its weakest since 1999.
New Zealand’s five-year housing boom could be drawing to a close
ANZ deal to sell UDC Finance to HNA Group will not go through, the bank announced on Friday last week
UK investors are struggling to secure mortgages with Bitcoin gains
The Treasury commissioned RBNZ review finds strong case for reform, BusinessDesk