Reserve Bank governor Alan Bollard seemed to be calling the bluff of the currency markets with his hints the central bank would reassess the outlook for monetary policy settings should the exchange rate stay high.
Bank margins appear to be coming under pressure as Reserve Bank governor Alan Bollard yesterday announced he was keeping the official cash rate (OCR) at 2.5%.
Frustration at the lack of action from both the Reserve Bank and the Government in dealing with the country's monetary policy boiled over yesterday as the official cash rate stayed at 2.5%.
Reserve Bank Governor Alan Bollard has held the official cash rate at 2.5 percent citing the "restrained" outlook for inflation, while warning that the kiwi dollar's strength may prompt a review of monetary policy if it persists without cause.
The Reserve Bank is expected to leave its official interest rates at the current low of 2.5% when it meets on Thursday but the strength of the New Zealand dollar will be of some concern to governor Alan Bollard.
Reserve Bank governor Alan Bollard focused on the high value of the New Zealand dollar yesterday as he kept the official cash rate at 2.5%.
The Reserve Bank left its official cash rate unchanged at 2.5 percent today, reflecting the high level of uncertainty surrounding the global economic outlook and the risk that conditions could get worse.
Manufacturers and exporters are calling for a cut in the official cash rate on Thursday to help take pressure off the currency.
Reserve Bank Governor Alan Bollard held the official cash rate at 2.5 percent, as expected, this morning, saying Europe's sovereign debt crisis and the weakness in global financial markets continue to threaten the local recovery.
Continued euro-zone worries, along with the continuing volatility of United States sharemarkets, will keep the Reserve Bank on notice if, as expected, it holds its official cash rate (OCR) at 2.5% on Thursday.
Major banks have started increasing their fixed mortgage rates.
The Reserve Bank's historically low interest-driving official cash rate of 2.5% is expected to remain unchanged when reviewed on Thursday, but floating mortgage holders are likely to begin shopping to lock in fixed-term mortgages.
The Reserve Bank is widely expected to leave official interest rates unchanged at 2.5% on Thursday, despite some encouraging signs emerging in the New Zealand economy.
At the last interest rate review of the Official Cash Rate (OCR), the Reserve Bank Governor Dr Alan Bollard kept the rate at 2.5%.
Reserve Bank Governor Alan Bollard has left the official cash rate (OCR) unchanged at 2.5 percent, and indicated he is comfortable with the outlook for inflation.
The Reserve Bank cut the official cash rate (OCR) to 2.5 percent from 3 percent in response to the negative impact on economic activity and inflation of last month's devastating earthquake in Christchurch.
Banks moved fast to reduce floating mortgage rates following the Reserve Bank's announcement today it was cutting the official cash rate to 2.5 percent from 3 percent, in response to last month's devastating earthquake in Christchurch.
The New Zealand dollar dived a third of a cent when the market reopened for the week, after Prime Minister John Key said a drop to the official cash rate would be useful.
A drop to the official cash rate - after Treasury figures showing the massive cost to the economy of the Christchurch earthquake - would be useful, Prime Minister John Key says.
The Reserve Bank is expected to cut its official cash rate by up to 0.5% on Thursday in an effort to help the economy recover from the earthquake in Christchurch.
