Homes consented dips in April

30 May 2018, 8:45am Stats NZ has released data for Homes consented which captures the April data. Seasonally adjusted it shows a slight fall of 3.7% although we note a 13% rise in March consents. Town houses and apartments make up most of the total 12 month increase. Stats NZ commented in their press release […]

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NEWS RELEASE from Reserve Bank of New Zealand

NEWS RELEASE Date: 10 May 2018 Official Cash Rate unchanged at 1.75 percent Statement by Reserve Bank Governor Adrian Orr: Tena koutou, katoa, welcome all. The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come.  The direction of our next move is equally balanced, up or down. Only time and […]

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NEWS RELEASE from Reserve Bank of New Zealand

22 March 2018 Official Cash Rate unchanged at 1.75 percent Statement by Reserve Bank Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. The outlook for global growth continues to gradually improve.  While global inflation remains subdued, there are some signs of emerging pressures. Commodity prices have […]

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Official Cash Rate unchanged at 1.75%

NEWS RELEASE 8 February 2018 Statement by 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.  While global inflation remains subdued, there are some signs of emerging pressures.  Commodity prices have increased, although agricultural prices are relatively soft.  International […]

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NZ RESERVE BANK EASES LOAN RESTRCITIONS BY BANKS

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 […]

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