English names new Reserve Bank Governor
Former World Bank operations director, Kiwi born Graeme Wheeler will be the new Reserve Bank Governor from September.
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Latest from Monetary Policy
World shares slump as Euro summit hopes wane
Equities slumped on both sides of the Atlantic overnight as concern prevailed that this week's two-day summit of EU leaders will produce little in the way of turning around the debt crisis.
Andrew Gawith: Low growth and interest rates might stick
The long decline in interest rates is coming to an end.
Bernard Hickey: Smug line on dodgy inflation policy
Inflation targeting, a monetary policy framework pioneered in New Zealand, is now widely discredited.
GDP surges up in latest quarter
The economy grew by 1.1 per cent in the first three months of this year, more than double the rate expected by economists. This strong growth follows revised growth of 0.4 per cent in each of the previous three quarters.
Wall St up on Fed stimulus hopes
Expectations that the US Federal Reserve will announce measures tomorrow to prop up the flagging economic expansion bolstered Wall St overnight.
NZ dollar holds on G20 hope
The New Zealand dollar held above 79 US cents as leaders from the Group of 20 nations increased pressure on European Union policy makers.
Sharemarkets up on Fed lifeline hope
Wall St was up overnight as investors opted to rekindle optimism the US Federal Reserve will come up with new stimulus measures.