nzherald.co.nz - Interest Rates

Kiwi dollar rises through much of night, then falls away

newsfeeds@nzherald.co.nz — Thu, 18 Mar 2010 09:10:26 +1200

The New Zealand dollar rose to an eight-week high against the greenback, as the United States currency fell against higher-yielding currencies after the Federal Reserve's commitment to low interest rates yesterday prompted investors...

Brian Fallow: Static OCR holds a sting in its tale

newsfeeds@nzherald.co.nz — Thu, 18 Mar 2010 04:00:00 +1200

At first blush it looks like good news for exporters: Governor Alan Bollard's expectation that he will not have to push the official cash rate so high over the next few years.It is because there is a much wider margin than there...

Consumer confidence dips

newsfeeds@nzherald.co.nz — Wed, 17 Mar 2010 11:23:26 +1200

Consumer confidence edged lower in the March quarter but optimists continued to outnumber pessimists, a new survey shows.The Westpac McDermott Miller consumer confidence index, published today, slipped slightly, to 114.7 from...

NZ sharemarket gains early

newsfeeds@nzherald.co.nz — Wed, 17 Mar 2010 11:11:09 +1200

The New Zealand sharemarket gained in early trading following a rally by stocks in the United States, after the US Federal Reserve kept monetary policy

Kiwi dollar in demand and rising

newsfeeds@nzherald.co.nz — Wed, 17 Mar 2010 09:05:02 +1200

An in-demand New Zealand dollar continued to strengthen overnight after the boost it received yesterday when softer-than-expected words from Australia's central bank put the timing of the next rate rise across the Tasman in doubt.The...

Use tools to tame kiwi, firms told

newsfeeds@nzherald.co.nz — Wed, 17 Mar 2010 04:00:00 +1200

New Zealand exporters and importers could make better use of the financial tools available to manage risks posed by volatility in the kiwi dollar, bank economists say.ASB chief economist Nick Tuffley said smaller businesses were...

Kiwi dollar makes modest gains vs euro

newsfeeds@nzherald.co.nz — Tue, 16 Mar 2010 09:06:17 +1200

The New Zealand dollar made modest gains against the euro and fell against the yen overnight, with the European currency weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.Concerns...

Work hour gains could force interest rate hike

newsfeeds@nzherald.co.nz — Sat, 13 Mar 2010 04:00:00 +1200

SYDNEY: The biggest expansion of Australian working hours since 1998 may cause job gains to reaccelerate in coming months, forcing the central bank to raise interest rates higher than what Governor Glenn Stevens calls a neutral level.Aggregate...

Kiwi dollar bobbles around US70c

newsfeeds@nzherald.co.nz — Fri, 12 Mar 2010 08:59:44 +1200

The New Zealand dollar was bobbling around the US70c mark at 8am today, having dropped to about US69.65c a few hours earlier, its lowest point after tumbling yesterday on the Reserve Bank's no change scenario for interest rates.The...

Inflation a concern as Bollard holds rates

newsfeeds@nzherald.co.nz — Fri, 12 Mar 2010 04:00:00 +1200

Inflation could approach 5 per cent over the year ahead if GST rises to 15 per cent, Reserve Bank forecasts imply.The inflation rate is 2 per cent now and the bank warned yesterday that the impact of the emissions trading scheme...

Inflation a concern but banks make Bollard's job easier

newsfeeds@nzherald.co.nz — Fri, 12 Mar 2010 04:00:00 +1200

While most of the Reserve Bank's statement on interest rates yesterday was cut-and-pasted from January's, an exception is that it no longer expects inflation to remain "comfortably" within its target range of 1 to 3 per cent over...

NZ dollar slips as Bollard holds to rates timing

newsfeeds@nzherald.co.nz — Thu, 11 Mar 2010 10:30:18 +1200

New Zealand's dollar fell after the central bank kept its policy assessment virtually unchanged from its review in December, saying the nation's economic recovery will be subdued.Governor Alan Bollard kept the

NZ dollar tops US70c

newsfeeds@nzherald.co.nz — Thu, 11 Mar 2010 05:20:00 +1200

The New Zealand dollar rose yesterday as traders squared up positions ahead of today's monetary policy statement by the Reserve Bank of New Zealand. The dollar was at US70.63c at 5pm and rose as high as US70.69c. The central...