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Reserve Bank cools expectations for official cash rate hikes
Reserve Bank Governor Alan Bollard today sent markets a clear message that they have been expecting a rise in the official cash rate (OCR) too soon.Announcing the OCR was remaining unchanged at 2.5...
- NZPA Thursday October 29, 03:26 PM -
ANZ rate hikes may exceed RBA hikes
ANZ Banking Group chief executive Mike Smith says he cannot guarantee future increases in lending rates won't exceed those made by the Reserve Bank of Australia (RBA).Echoing comments made by...
- AAP Thursday October 29, 02:58 PM -
Reserve Bank keeps cash rate on hold
The Reserve Bank left the official cash rate (OCR) unchanged at 2.5 percent but indicated the first rate rise off historic lows could be sooner than previously expected.Reserve Bank Governor Alan...
- NZPA Thursday October 29, 10:44 AM -
No urgency to raise interest rates - Bollard
The New Zealand dollar has eased back even further after Reserve Bank Governor Alan Bollard said there was no urgency to raise interest rates.The official cash rate remains unchanged at 2.5 percent....
- Newstalk ZB Thursday October 29, 09:40 AM -
No changes expected to interest rates
Analysts do not expect the Reserve Bank to change the official cash rate during its review today.Last month, Governor Alan Bollard indicated that the OCR would remain at 2.5 percent or below, until...
- Newstalk ZB Thursday October 29, 06:27 AM -
NAB won't guarantee keeping with RBA
National Australia Bank Ltd (NAB) chief executive Cameron Clyne says he can't guarantee future increases in lending rates won't exceed those made by the Reserve Bank of Australia...
- AAP Wednesday October 28, 08:53 PM -
RBA to lift rates despite CPI figures
The Reserve Bank of Australia (RBA) is likely to lift interest rates next week despite consumer price data showing the slowest annual rate of inflation in a decade, economists say.But the impending...
- AAP Wednesday October 28, 05:53 PM -
RBA says business loans area a concern
Australia's banking system has proved more resilient than its overseas counterparts during the global financial crisis but there is a risk that the quality of business loans will deteriorate...
- AAP Wednesday October 28, 05:02 PM -
BNZ bank earnings down, institutional earnings up
Earnings are down in Bank of New Zealand's core New Zealand banking business but the institutional business had a bumper year, care of volatile financial markets.The bank made a $703 million annual...
- NZPA Wednesday October 28, 02:36 PM -
BNZ core ops cash earnings down 12.9 percent
Bank BNZ reported a 12.9 percent drop year-on-year in reported cash earnings to $420 million for its core NZ Banking operations.The results for the total BNZ legal entity, including NZ Banking and...
- NZPA Wednesday October 28, 11:13 AM -
Banks moving ahead of interest rate review
Some banks are already increasing fixed mortgage rates in anticipation of the Reserve Bank hiking the official cash rate earlier than expected.The Reserve Bank has maintained it will keep the cash...
- Newstalk ZB Wednesday October 28, 10:55 AM -
Pace of fall in US home prices eases: index
WASHINGTON (AFP) - Home prices in major US cities fell in August but posted the smallest drop in 19 months, a survey showed Tuesday, signaling the housing slump at the center of financial crisis is...
- AFP Finance News Wednesday October 28, 03:50 AM -
RBA rate hike likely be limited to 25bp
A widely anticipated interest rate rise on Melbourne Cup day looks like being limited to 25 basis points as new data shows business facing very few overall cost pressures.The producer price index...
- AAP Monday October 26, 09:02 PM -
Home loans becoming expensive
Rising house prices and rising interest rates during the last month have conspired to weaken home loan affordability.The latest BNZ report says home loan affordability is at its lowest level since...
- Newstalk ZB Sunday October 25, 06:26 PM -
Kiwibank hikes mortgage rates
Today's move by Kiwibank to raise fixed mortgage rates is being seen as yet another pointer the Reserve Bank will move to raise interest rates sooner than expected.Kiwibank has hiked its fixed rates...
- Newstalk ZB Wednesday October 21, 12:42 PM
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