OCR move unlikely this week: Survey Economists aren’t expecting an increase in the official cash rate this week but it’s not can impossibility, a new survey has shown. The latest CPI data, which showed much stronger inflation than expected, had prompted some to question whether the Reserve Bank might move sooner rather than later on the rate. 28-01-2014 more >>
LVR move's effectiveness uncertain: Wheeler Loan-to-value speed limits won’t be removed until the Reserve Bank is convinced it won't prompt a resurgence in house prices, governor Graeme Wheeler said this morning. 12-09-2013 more >>
LVR restrictions announced The Reserve Bank says that from October 1 banks will not be allowed to write more than 10% of their loans above the 80% LVR mark. Reserve Bank Governor Graeme Wheeler today announced that from 1 October banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans. 20-08-2013 more >>
Key: LVR restrictions may be best solution New Zealand must strike the right balance to enable first-home buyers to purchase property while maintaining a robust banking system, the prime minister said today. 23-07-2013 more >>
Higher borrowing costs coming Interest-rate rises are looming, with some pundits picking floating rates to be at 7 per cent by the end of next year. 07-06-2013 more >>
Fine balance for Wheeler Reserve Bank Governor Graeme Wheeler is in a tough position trying to tackle the strength of the Auckland housing market, one economist says. 24-04-2013 more >>
OCR on hold: RBNZ The Reserve Bank has left the official cash rate unchanged at 2.5% and expects it to stay that way at least until the end of the year. 14-03-2013 more >>
Newland: Best option? Do nothing Reserve Bank Governor Graeme Wheeler should leave the market well alone, says property commentator Olly Newland. 31-01-2013 more >>
Hint of optimism in OCR announcement The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has. 25-10-2012 more >>
RBNZ targets house prices The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability. 21-09-2012 more >>