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Reserve Bank tasked with restraining house prices Newsroom 25/02/2021 © Provided by Newsroom New Zealand's central bank has been ordered to factor into its decisions the impact on housing affordability – a problem it says is worsened by Kiwi expats returning home. Last night's Parliamentary opening of the “Thanks from iso” art exhibition was a celebration of kindness and gratitude. Painter Ruby Jones is telling the stories of returning Kiwis like Sally Forrest, whose lives overseas have been up-ended by Covid-19; returning home after years away and faced with finding homes and c...

NZD/USD appears to be on track to test the 2018 high (0.7437) as the RBNZ retains the current course for monetary policy at its first meeting for 2021.

* LSAP retained at NZ$100 bln (Recasts with Governor Orr’s comments from press conference) WELLINGTON, Feb 24 (Reuters) - New Zealand’s central bank said on Wednesday it was in no rush to tighten monetary policy, after it kept interest rates at record lows and sounded a cautious note about the economic outlook. The Reserve Bank of New Zealand (RBNZ) said it did not expect to tighten settings until it was confident inflation was sustained at the 2% per annum target midpoint and employment was at maximum sustainable level. There was no specific date when that confidence would “magically a...

Press Release – The Reserve Bank of New Zealand The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large … The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase (LSAP) Programme o...

NZ central bank holds fire on rates, tempers tightening expectations