
<i>Brian Fallow :</i> A more cheerful tone from Reserve Bank
As the markets try to divine how long "some time" is, the nuances of the statement are relatively upbeat.
As the markets try to divine how long "some time" is, the nuances of the statement are relatively upbeat.
Reserve Bank governor Alan Bollard has held interest rates steady at 2.5pc and says there's no need to raise them any time soon.
A new affordability report shows lower interest rates and house prices made it easier for first-home buyers to get into the market.
Ever wondered why it seems New Zealanders can't ever seem to get ahead despite apparent GDP growth?
The New Zealand dollar may fall this week, after Federal Reserve board members hinted that the US economy is recovering enough to end extraordinary support measures.
Alan Bollard has flagged a handful of tools he may use to help damp future asset and credit bubbles and maintain the stability of our financial system.
Reviving Christchurch is a job for Government, not Alan Bollard.
Enjoy the low interest rates while they last...
The Reserve Bank should have waited for more data on the true impact of the earthquake and put a bit more faith in the resilience of the New Zealand economy.
What will Alan Bollard do tomorrow morning? Financial markets analyst Kevin O'Sullivan offers an opinion.
The New Zealand dollar will probably hold around 75 US cents until next Thursday as traders wait for the Reserve Bank to say whether it will cut the OCR.
The economy will now barely grow at all in 2011, because of a "noxious mix" of spiking global petrol and food prices along with the impact of the second Christchurch earthquake, says NZIER.
An ASB Bank economist says she expects Reserve Bank governor Alan Bollard to cut the official cash rate by 50 basis points to 2.5 per cent in part due to the economic impact of the Christchurch earthquake.