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
The bank's new rates are among the most competitive in the market
A public forum seems an appropriate step, says chairman
New chief financial officer will "bring quality to the table as a member of the executive team"