Latest from Monetary Policy
Expect a higher deficit
Finance Minister Bill English has confirmed that this month’s Budget will see the surplus forecast a year ago turn into a deficit slightly higher than forecasted in December.
$800K the average thanks to 'super 10'
QV's latest figures show the average property value for the Auckland region has now broken into the $800,000s, fuelled by Auckland City-South.
Cash rate tipped to hold, for now
The Reserve Bank is expected to keep its official cash rate unchanged at 3.5 per cent on Thursday but in the accompanying statement to shift the guidance needle slightly to the easier side of neutral.
Bank boss fuels talk of rate cut
A speech by the Reserve Bank's assistant governor and chief economist John McDermott gives support to market expectations that the next move in interest rates is likely to be down.
Will we reach parity today?
The New Zealand dollar is trading close to parity with the Australian dollar and may push through the historic milestone today.
Why the US economy is like Game of Thrones
The seasons in George R.R. Martin's "Game of Thrones" aren't regular or celestial, just like business cycles.
Little: Target Auckland speculators
Labour leader Andrew Little says the Reserve Bank should target property speculators to ease the pressures on the Auckland housing market.
NZ dollar rises against weaker greenback; touches fresh record vs. euro
The New Zealand dollar has slipped to 98.84 Australian cents from 99.03 cents yesterday ahead of Australian employment data today.
Reserve Bank 'trying to stem the flow'
Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.
NZ dollar rises to new record vs euro
The New Zealand dollar has risen to a fresh record against the euro and commentators say it is likely to continue to break new ground.
House prices hit record
"March is always the most active month for property sales, but there has never been a month's trading to compare with the past month," Barfoot and Thompson said.