Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 84 results for "Reserve Bank of New Zealand"

A "race to the bottom" in currencies

JOHN MCDULING  |  FRIDAY, 17 SEP 2010
... currency," said John Horner, foreign exchange strategist at Deutsche Bank in Sydney. Yesterday, the Reserve Bank of New Zealand issued a surprisingly dovish policy statement while overnight the Swiss National Bank, heretofore the only "G10" monetary ...

Going nowhere fast

BENJAMIN ONG  |  THURSDAY, 17 JUN 2010
... reconciling these for instance: Japan revving up its quantitative easing versus the Bank of Canada and the Reserve Bank of New Zealand's interest rate hikes; speculation of a slowdown in China and the Chinese property market is in a bubble versus not ...

Mood change

BENJAMIN ONG  |  FRIDAY, 11 JUN 2010
... interest rates. India's central bank has already hiked twice since March this year. Just yesterday, the Reserve Bank of New Zealand raised its cash rate to 2.75 per cent from 2.5 per cent - the first since 2007. Financial markets expect a further eight ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 MAY 2010
... havens. Aside from global factors, investors were sensitive to references to fragile global markets in a Reserve Bank of New Zealand financial stability report. The benchmark NZX-50 index closed down 29.8 points, or 0.95 per cent, at 3,121.88.

Expect the unexpected

BENJAMIN ONG  |  MONDAY, 14 SEP 2009
... Korea produced no changed in monetary policy last week. Echoing the G-20, the Bank of Canada and the Reserve Bank of New Zealand even went so far as declaring that interest rates would remain at present levels until the second half of next year. Minutes ...

RBNZ could go zero

BENJAMIN ONG  |  MONDAY, 20 JUL 2009
... output to shrink by 2.05 per cent in 2009 - almost 10 times the contraction forecast for Australia. Reserve Bank of New Zealand Governor Alan Bollard is a little bit more optimistic and expects the economy to grow in the final three months of this year. ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 JUN 2009
... 727.17 points to 18,785.66. WELLINGTON - The New Zealand share market was little changed ahead of the Reserve Bank of New Zealand's interest rate decision on Thursday. The benchmark NZSX-50 index closed up 5.57 points, or 0.2 per cent, at 2827.97.

Market Wrap - Morning

AAP  |  FRIDAY, 1 MAY 2009
... 564.04 points, or 3.77 per cent, to 15,520.99. WELLINGTON - The New Zealand sharemarket leapt as the Reserve Bank of New Zealand lowered the official cash rate 50 basis points to 2.5 per cent. The central bank said rates would remain at or below that ...

Market Wrap - Morning

AAP  |  THURSDAY, 30 APR 2009
... WELLINGTON - Leading stock Telecom continued to edge ahead on good volume in a steady market ahead of the Reserve Bank of New Zealand's interest rate decision on Thursday. The benchmark NZSX-50 index rose 13.27 points, or 0.49 per cent, to 2699.713.

The power of optimism

BENJAMIN ONG  |  MONDAY, 16 MAR 2009
... quantitative easing and is buying gilts directly. The reason why the Swiss National Bank (SNB) and the Reserve Bank of New Zealand (RBNZ) lowered interest rates again last week. Even Australia has had bad news which the market chose to ignore. The All ...