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RBNZ sees strong house price inflation lasting longer than it thought
By Paul McBeth Dec. 12 (BusinessDesk) - The Reserve Bank expects the country’s strong house price inflation to persist for longer than it previously thought as low interest rates, rising net migration and a supply shortage continue to drive the market. New Zealand house price...
Wheeler keeps OCR at 2.5 percent, ready to hike ‘as needed’ to keep inflation in check
By Paul McBeth Dec. 12 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at a record-low 2.5 percent, while lifting the projected path for interest rates and saying he’s ready to start hiking “as needed” to keep inflation under control. The kiwi...
NZ dollar declines ahead of Reserve Bank interest rate decision, investors eye outlook
By Tina Morrison Dec. 12 (BusinessDesk) – The New Zealand dollar declined ahead of the Reserve Bank decision on interest rates today where investors will be eyeing signals for when hikes may start next year. The kiwi slipped to 82.36 US cents at 8am in Wellington, from 82.78 ce...