Jan 27, 2012
The Official Cash Rate of New Zealand will remain unchanged, as national and international economic conditions do not yet justify an increase. On January 26th the Governor of the Reserve Bank Alan Bollard announced that the Official Cash Rate (OCR) of New Zealand will be maintained at 2.5 percent. Allan Bollard explained that since December, [...]
The Official Cash Rate of New Zealand will remain unchanged, as national and international economic conditions do not yet justify an increase.
On January 26th the Governor of the Reserve Bank Alan Bollard announced that the Official Cash Rate (OCR) of New Zealand will be maintained at 2.5 percent.
Allan Bollard explained that since December, financial stability around the world has seen a slight improvement, but was still too fragile to justify raising the OCR. He added that given the moderate pace of ... Read More
Jan 23, 2012
Housing in New Zealand is severely unaffordable, with property prices being up to 6.4 times higher than the average salary. On January 23rd Demographia, an international think-tank, released the latest edition of the annual “Demographia International Housing Affordability Ratings” report, containing an analysis of housing affordability around the world. The study compared the median house [...]
Housing in New Zealand is severely unaffordable, with property prices being up to 6.4 times higher than the average salary.
On January 23rd Demographia, an international think-tank, released the latest edition of the annual “Demographia International Housing Affordability Ratings” report, containing an analysis of housing affordability around the world.
The study compared the median house prices in a given market area with the median household income levels in the same region. According to the published results, housing prices in New Zealand are severely unaffordable, ... Read More
Jan 20, 2012
The latest static indicator for New Zealand inflation has been published, showing that prices throughout New Zealand only went up by 1.8 percent last year. On January 19th Statistics New Zealand released the latest national Consumer Price Index (CPI) for the December quarter of 2011. The new information showed that during the last three month [...]
The latest static indicator for New Zealand inflation has been published, showing that prices throughout New Zealand only went up by 1.8 percent last year.
On January 19th Statistics New Zealand released the latest national Consumer Price Index (CPI) for the December quarter of 2011.
The new information showed that during the last three month of the year the CPI fell by 0.3 percent. The drop was largely contributed to a 25 percent decrease in the price of vegetables over the 4th quarter of ... Read More
Jan 17, 2012
Experts in both New Zealand and around the world are expecting the country’s Official Cash Rate to remain unchanged at its next review on January 26th. According to the results of a survey recently conducted by Reuters, international economists are expecting the New Zealand OCR to be left at its current rate, due to the [...]
Experts in both New Zealand and around the world are expecting the country's Official Cash Rate to remain unchanged at its next review on January 26th.
According to the results of a survey recently conducted by Reuters, international economists are expecting the New Zealand OCR to be left at its current rate, due to the high levels of economic uncertainty around the world, and a lower than expected inflation rate in New Zealand.
Economist who participated in the survey indicated that New Zealand’s ... Read More
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