RBNZ Ups OCR By 25bps; Raises OCR Forecast Track To 2.6% From 2.1...

By Sophia Rodrigues

(Sydney, November 24, 2021)—The Reserve Bank of New Zealand raised the official cash rate for the second meeting in a row, taking the rate to 0.75%, saying higher interest rates are needed to maintain price stab...

RBNZ Orr: Global Rates Bigger Driver Of High NZ House Prices, Not...

By Sophia Rodrigues

(Sydney, November 2, 2021)—The secular decline in global interest rates has played a bigger part in rise in New Zealand house prices, rather than the official cash rate, Reserve Bank of New Zealand Governor Adri...

RBNZ Raises OCR By 25bps To 50bps; More Hikes Expected Over Time

By Sophia Rodrigues

(Sydney, October 6, 2021)—The Reserve Bank of New Zealand raised the official cash rate by 25 basis points to 0.50% and signalled more rate hikes can be expected over time as it strives to maintain low inflation...

RBNZ Tightens Mortgage Rule For Owner-Occupiers; Sees Short-Term...

By Sophia Rodrigues

(Sydney, September 23, 2021)—The Reserve Bank of New Zealand is going ahead with its proposal to tighten mortgage rule for owner-occupiers but delayed the implementation by a month to account for disruptions cau...

RBNZ Maintains Policy Settings But Tilts Towards Less Dovishness

(This story was first published on May 25 at 12:44 PM as an email to premium subscribers)

From the RBNZ’s May Monetary Policy Statement:

--Removes the line on negative or lower OCR if required
--Acknowledges LSAP c...

RBNZ Maintains Policy Settings; Expands QE Capacity By NZ$1.3 Bil...

(This story was originally published at 12:45 PM but was revised at 1:45 PM, and is now being made freely available)

By Sophia Rodrigues

(Sydney, April 14, 2021) -- The Reserve Bank of New Zealand left its monetary policy setti...