Latest from Monetary Policy

New low for MRP shares
Mighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.

World shares, bonds drop on Fed taper news
Wall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.

Greens ditch quantitative easing policy
The Green Party has abandoned its policy of quantitative easing - otherwise known as printing money - after almost a year of punishing backlash from political opponents.

First-home buyers backed by PM
The Prime Minister John Key believes first-home buyers should be exempt from proposed restrictions to low-deposit home lending.

Fall in dollar catches companies by surprise
The recent drop in the value of the New Zealand dollar against the US currency could have a caught a number of companies off-guard.

Skids go under kiwi dollar
An air of optimism about the US economy has put the skids under the New Zealand dollar and a drop below US78c could herald further falls, market strategists said.

Loan limit on Reserve Bank radar
The most difficult aspect of the Reserve Bank's dilemma is that the longer interest rates stay low.