Preston Rowe Paterson . New Zealand

The Reserve Bank of New Zealand announced on 27 November 2017, an easing of policy restrictions on Loan to value ratios by banks. The changes will take effect from 1 January 2018, the LVR restrictions will require that: No more than 15 percent (currently 10 percent) of each bank’s new mortgage lending to owner occupiers […]

Statement by New Zealand Reserve Bank Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth continues to improve, although inflation and wage outcomes remain subdued.  Commodity prices are relatively stable.  Bond yields and credit spreads remain low and equity prices are near record levels.  […]

NEWS RELEASE Date 7 November 2017   Renewed Policy Targets Agreement signed Finance Minister Grant Robertson and Reserve Bank Governor Grant Spencer today signed an unchanged Policy Targets Agreement (PTA), which sets out specific targets for maintaining price stability. The Minister also released today the Terms of Reference for a Review of the Reserve Bank […]

NEWS RELEASE Date 28 September 2017 Statement by Reserve Bank Acting Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has continued to improve in recent quarters. However, inflation and wage outcomes remain subdued across the advanced economies and challenges remain with on-going surplus […]

11th May 2017: The New Zealand Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. In his explanatory statement by Reserve Bank Governor Graeme Wheeler, said the following: “Global economic growth has increased and become more broad-based over recent months. However, major challenges remain with on-going surplus capacity and extensive political […]