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Showing 81 - 89 of 89 results for "Reserve Bank of New Zealand"

Daily economic update

... record-high interest rates are crimping consumer spending, which could slow down the economy this year. The Reserve Bank of New Zealand (RBNZ) has increased the official cash rate nine times since January 2004 to a record 7.25 per cent, saying household ...

Daily economic update

... 36 per cent of NZ companies predict first-quarter profits to decline. The survey indicates that the Reserve Bank of New Zealand's (RBNZ) tight monetary policy is beginning to stall growth in the economy. The RBNZ has raised interest rates nine times ...

Daily Economic Update

... the country's seven-year deflation will end in the year to March. There is also speculation that the Reserve Bank of New Zealand (RBNZ) will raise interest rates by 25 basis points to 7.25 per cent when it meets on 8 December eased slightly following ...

Daily Economic Update

... contrast, latest data on New Zealand's labour market have dashed expectations of a reprieve from the Reserve Bank of New Zealand's (RBNZ) interest rate hike campaign. Statistics New Zealand reported that the country's jobless rate fell to a record low ...

NZ interest rates rise

The cash rate in New Zealand now sits at 6.5 per cent after Reserve Bank of New Zealand (RBNZ) again raised interest rates by 25 basis points, the sixth such increase since January 2004. RBNZ Director Dr Allen Bollard cited the strength in New Zealand's ...

ANZ receives RBNZ agreement for amalgamation

ANZ announced on Wednesday it had received written advice from the Reserve Bank of New Zealand confirming its forthcoming consent for legal amalgamation of ANZ New Zealand and The National Bank of New Zealand (NBNZ). The Reserve Bank of New Zealand's ...

ANZ receives RBNZ agreement for amalgamation of NBNZ

ANZ Bank today announced it had received written advice from the Reserve Bank of New Zealand confirming its forthcoming consent for legal amalgamation of ANZ New Zealand and The National Bank of New Zealand (NBNZ). The Reserve Bank of New Zealands formal ...

New Zealand central bank lifts interest rates 25 basis points

The Reserve Bank of New Zealand (RBNZ) gave several reasons for not lifting interest rates yesterday and then lifted them anyway, an economist says. Lifting the official cash rate (OCR) by 25 basis points to 5.5% yesterday, RBNZ governor Alan Bollard ...

Westpac expected to bid for NBNZ

... considerable competition and regulatory scrutiny from the New Zealand Commerce Commission and the Reserve Bank of New Zealand. If an Australian bank gets hold of NBNZ then it would mean all New Zealand's five major banks were in Australian hands.