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More subdued growth, due to persistent spare capacity in the global economy following the global financial crisis, has been a key feature of the current New Zealand business cycle.
National needs to listen to the Reserve Bank Governor’s warning that too few houses are being built and adopt Labour’s KiwiBuild plan, says Labour’s Housing spokesperson Phil Twyford.
It is a truth universally acknowledged that the Reserve Bank’s OCR releases are masterpieces of misinformation, says New Zealand First Leader and MP For Northland, Rt Hon Winston Peters.
Statement by Reserve Bank Governor Graeme Wheeler:
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
Months ago Treasury, the Reserve Bank and others warned it was time immigration numbers were pulled back to realistic and sustainable levels but the government ignored them, says New Zealand First Leader and Northland Member of Parliament, Rt Hon Winston Peters.
NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank leaves the Official Cash Rate on hold this Thursday at 1.75 percent. The Shadow Board continues to see a tightening bias as appropriate.
ArcAngels - the women-led angel investment group focused on women entrepreneurs - and the New Zealand Venture Investment Fund are partnering to invest into women-led start-up companies.
"The $400 million, four lane highway carrot, dangled in front of voters is a cynical attempt to shore up flagging support for National in Whangarei in the run up to this year’s general election", according to Democrats for Social Credit deputy leader, Chris Leitch.
An upcoming review of banks’ capital requirements will continue to ensure confidence in the solvency of the New Zealand banking system, while encouraging efficiency, Reserve Bank Deputy Governor Grant Spencer said today.
Risks around future Official Cash Rate movements are equally weighted, reflecting balanced risks around inflation, Reserve Bank Governor Graeme Wheeler said today in a speech.
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