Search Results for: Reserve Bank of New Zealand
New Zealand dollar sinks after central bank sells
September 29th, 2014
The New Zealand dollar sank Monday after the central bank disclosed it conducted its biggest sell-off of the currency in seven years to lower an exchange rate that is squeezing exporters. Data released by the Reserve Bank showed it ...
Asian stocks rebound after portuguese bank scare
July 14th, 2014
Asian stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe. Oil edged up to stay above $100 after tumbling more than ...
RBNZ renews currency swap facility with Chinese Bank
May 22nd, 2014
The Reserve Bank of New Zealand (RBNZ) has issued the following press release: The People’s Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support ...
Reserve Bank of N.Zealand: Financial system sound, but risks remain
May 14th, 2014
Reserve Bank Governor Graeme Wheeler said today when releasing the Bank’s May Financial Stability Report that New Zealand’s financial system remains sound, and well placed to support the expansion in the economy. However, Mr Wheeler warned several risks to the ...
Reserve Bank raises OCR to 3 percent
April 24th, 2014
The Reserve Bank of N.Zealand has issued a press release informing on country’s economy as follows: New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Growth is ...
Reserve Bank Bulletin Released
March 31st, 2014
The Reserve Bank of New Zealand has released the March 2014 edition of the Reserve Bank Bulletin. The Bulletin’s first article provides an introduction to the Reserve Bank’s loan-to-value ratio (LVR) restrictions framework. The Bank imposed an LVR ‘speed ...
Reserve Bank issues LVR exemption for construction
March 28th, 2014
The Reserve Bank of New Zealand has published revised rules that exempt construction loans from the Loan-to-Value Ratio (LVR) ‘speed limit’ introduced last October. The exemption for construction loans was announced on 10 December last year and is backdated ...
Reserve Bank raises OCR to 2.75 percent
March 13th, 2014
The Reserve Bank today increased the OCR by 25 basis points to 2.75 percent. New Zealand’s economic expansion has considerable momentum, and growth is becoming more broad-based. GDP is estimated to have grown by 3.3 percent in the year ...
The dollar found support on Thursday. These are the top performers
May 27th, 2021
The dollar found support on Thursday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, and as traders await crucial U.S. inflation data this week. In a market heavily short ...
The dollar slipped on Monday; The Australian dollar led modest gains in Asia
June 22nd, 2020
The dollar slipped on Monday in a choppy session as investors tried to navigate their way through an unsettling rise in coronavirus infections and weigh whether it would delay an economic recovery. The Australian dollar led modest gains in ...
