The New Zealand Reserve Bank takes an expansive and holistic approach to analyzing economic factors affecting its policy decisions. In a speech given late last week in Wellington the assistant governor of the Reserve Bank of New Zealand John McDermott explained the importance of economic forecasting for making decisions when setting the country’s monetary policies. [...]

The New Zealand Reserve Bank takes an expansive and holistic approach to analyzing economic factors affecting its policy decisions. In a speech given late last week in Wellington the assistant governor of the Reserve Bank of New Zealand John McDermott explained the importance of economic forecasting for making decisions when setting the country's monetary policies. He said that there is no single “correct way to look at the economy”, and emphasized that the Reserve Bank analyzes data from several different sources when making a ... Read More

A new Policy Targets Agreement has been signed, outlining the goals of the Reserve Bank over the coming years. On September 20th the Finance Minister of New Zealand Bill English and the upcoming Reserve Bank Governor Graeme Wheeler signed a new Policy Targets Agreement (PTA), outlining the Reserve Bank’s aims and policies over the next [...]

A new Policy Targets Agreement has been signed, outlining the goals of the Reserve Bank over the coming years. On September 20th the Finance Minister of New Zealand Bill English and the upcoming Reserve Bank Governor Graeme Wheeler signed a new Policy Targets Agreement (PTA), outlining the Reserve Bank's aims and policies over the next five years. The new PTA aims to address some of the issues which New Zealand faced during the global economic downturns in 2008, and Bill English described the changes ... Read More

The New Zealand Institute of Economic Research (NZIER) has released its latest report, in which it describes New Zealand’s economic recovery over the upcoming years as “jagged”, along with “bumpy and subdued”. On March 1st, the NZIER released the March 2010 Quarterly Predictions report, which stated that although New Zealand is no longer facing a [...]

The New Zealand Institute of Economic Research (NZIER) has released its latest report, in which it describes New Zealand’s economic recovery over the upcoming years as “jagged”, along with “bumpy and subdued”. On March 1st, the NZIER released the March 2010 Quarterly Predictions report, which stated that although New Zealand is no longer facing a recession, its economic recovery will be slow and “jagged”. Growth of only 2.7 percent was projected for the 2010 calendar year, and 1.4 percent for 2011. Shamubeel ... Read More

The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review. At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy [...]

The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review. At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy remaining consistent with projections made in the December Monetary Policy Statement. He continued on to say that the annual CPI inflation is situated squarely in the target band ... Read More