
Reserve Bank leaves OCR on hold
The Reserve Bank says the Official Cash Rate will stay at its record low of 2.5pc. The kiwi dollar dropped on the news.
The Reserve Bank says the Official Cash Rate will stay at its record low of 2.5pc. The kiwi dollar dropped on the news.
The Reserve Bank has released a consultation paper on the macro-prudential instruments it wants to add to its toolbox.
Bill English says the greatest influence on the housing market will continue to be interest rates and supply constraints created by the planning system, writes Brian Fallow.
The higher the exchange rate is, the lower interest rates can be, writes Brian Fallow. Asset price inflation, in the Auckland housing market at any rate, is alive and well.
There are no simple solutions available to the Reserve Bank to deal with a New Zealand dollar that is significantly overvalued, says governor Graeme Wheeler.
The exchange rate is too high, Reserve Bank governor Graeme Wheeler says, but there are no simple solutions available to the bank to lower it.