Bollard defends inflation targeting as economy shrinks

Wednesday, July 30th 2008

New Zealand’s economy, teetering on the brink of recession, has been well-served by the central bank’s policy of targeting inflation, though it has little ability to influence global price surges, according to Governor Alan Bollard

OCR reduced to 8.00%

Thursday, July 24th 2008

The Reserve Bank today reduced the official cash rate (OCR) from 8.25% to 8.00%.

OCR unchanged, but coming down sooner than expected

Thursday, June 05th 2008

Reserve Bank Governor Alan Bollard said: “The global economy is currently experiencing significant increases in oil and food prices.

Market perceives that Bollard softens the rhetoric

Thursday, April 24th 2008

Reserve Bank governor Alan Bollard left interest rates unchanged as expected, acknowledging the weakening economy but saying short-term inflation pressures remain persistently high.

The official cash rate (OCR) will remain unchanged at 8.25%.

Thursday, March 06th 2008

Reserve Bank Governor Alan Bollard said: “The outlook for economic activity has deteriorated somewhat since we reviewed the OCR in January.

OCR remains unchanged at 8.25%.

Thursday, January 24th 2008

Reserve Bank Governor Alan Bollard said: “The outlook for the New Zealand economy remains broadly consistent with the view outlined in the December Monetary Policy Statement (MPS).

Developers decry Affordable Housing Bill

Tuesday, December 18th 2007

The Affordable Housing: Enabling Territorial Authorities Bill introduced to Parliament this week has been slammed by property developers.

Inland Revenue underlines LAQC concerns

Tuesday, December 11th 2007

The Inland Revenue Department has again warned property investors that it is cracking down on those who sell the family home to a Loss Attributing Qualifying Company to generate tax deductions in circumstances where this constitutes tax avoidance.

Upward pressure on rents

Thursday, December 06th 2007

Rents are set to rise 6% per annum driven mainly by three economic fundamentals, Westpac Bank economists are predicting.

OCR unchanged at 8.25%

Thursday, October 25th 2007

The official cash rate (OCR) will remain unchanged at 8.25%.

Interest rate relief remains way off

Tuesday, October 16th 2007

The housing market will not feel relief from high interest rates any time soon, the ANZ bank warns in its latest Property Focus report.

The Official Cash Rate remains unchanged at 8.25%

Thursday, September 13th 2007

Reserve Bank governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July.

Property market swings in buyers’ favour

Tuesday, August 21st 2007

ANZ bank economists say most of the country is now shifting to a position of excess housing supply.

BNZ talks down housing market crash

Thursday, August 02nd 2007

While the media are “whipping themselves into a frenzy” talking about the housing market crashing, BNZ economists remain unruffled in their latest Weekly Overview Bulletin.

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• Floating

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