Focus
Reserve Bank of New Zealand
NZ’s Central Bank Gives Mortgage Payers an Early Christmas Present With Interest Rate Cut
The official cash rate has been cut by 50 points, providing homeowners with some relief, and retailers with some hope.
‘Get a Resume, or Lose Support’: PM Luxon Issues Warning Amid Cuts to Benefits
Christopher Luxon has used social media to warn beneficiaries that his government intends to enforce tough new sanctions to make them look for work.
New Zealand’s Inflation Rate Now Below That of Australia, US, and OECD
New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
New Zealand’s Reserve Bank Told to Act on Lack of Competition
Finance Minister Nicola Willis has told the Bank to use its regulatory powers to encourage more banking competition, or the government will act.
Reserve Bank of New Zealand Cuts Interest by Half a Percent
The Bank today lowered the Official Cash Rate (OCR) by 50 basis points in an attempt to boost a sluggish economy.
Reserve Bank of NZ Defends Move to Keep Cash Rate High
New Zealand’s Reserve Bank says its following the trend of central banks worldwide, despite the US Federal Reserve’s recent 0.5 percentage point cut.
New Zealanders Finally See Interest Rates Fall as Central Bank Braces for Another Recession
The Reserve Bank of New Zealand has made a surprise decision to reduce the official cash rate, and banks are dropping loan rates.
