Matthew Brockett
Wellington Bureau Chief at Bloomberg News
New Zealand Bureau Chief Bloomberg News. Views are my own
Articles
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1 week ago |
bloomberg.com | Matthew Brockett
Christian Hawkesby(Bloomberg) -- New Zealand’s central bank could hold the Official Cash Rate steady at its next policy decision in July, Governor Christian Hawkesby said. “The main message we were looking to get to markets was that, when we next meet in July a further cut in the OCR is not a done deal, it’s not something that’s programmed in,” Hawkesby told Bloomberg Television Thursday in Wellington. “We’re really more in a phase where we are taking considered steps, data dependent.
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1 week ago |
bloomberg.com | Matthew Brockett
The Reserve Bank of New Zealand building in Wellington, New Zealand. (Bloomberg) -- New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade barriers dim the economic outlook. The Reserve Bank will lower the Official Cash Rate by 25 basis points to 3.25% Wednesday in Wellington, according to 22 of 23 economists surveyed by Bloomberg. One predicts a 50-point reduction.
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4 weeks ago |
bloomberg.com | Matthew Brockett
Nicola Willis(Bloomberg) -- New Zealand Minister of Finance Nicola Willis asked the central bank to explain why it planned to keep interest rates at a restrictive level in the week prior to the sudden resignation of Governor Adrian Orr, documents obtained under the Official Information Act show. Willis also sought advice from the Treasury Department on the frequency of Monetary Policy Committee meetings, the documents show.
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1 month ago |
bloomberg.com | Matthew Brockett
Nicola Willis(Bloomberg) -- New Zealand Finance Minister Nicola Willis sought a meeting with former Reserve Bank Governor Adrian Orr to discuss bank capital requirements in the weeks prior to his sudden resignation, documents released under the Official Information Act show. Willis also sought advice on her powers to direct the central bank on prudential policy, according to the documents released Wednesday in Wellington.
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1 month ago |
bloomberg.com | Matthew Brockett
The Reserve Bank of New Zealand building in Wellington. (Bloomberg) -- New Zealand’s central bank said sweeping US tariffs are likely to curb global economic growth and have prompted investors to bet on deeper interest-rate cuts. “Trade restrictions have led to higher financial market volatility, and are likely to lead to a slowdown in major economies,” the Reserve Bank said in its semi-annual Financial Stability Report published Wednesday in Wellington.
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New Zealand expects China to respect its right to an independent foreign policy as it explores joining the Aukus security pact, Foreign Minister Winston Peters says in Bloomberg interview. https://t.co/IMSoGOSRH4 via @bpolitics @tracywwithers
New Zealand First leader Winston Peters says he’s open to allowing foreigners to buy expensive houses if they also invest in the country. An interesting change of tune ahead of the budget. https://t.co/UxwoxcRJlK via @wealth
The RBNZ may be able to start cutting interest rates sooner than it currently expects to if the Fed begins easing later this year, chief economist Paul Conway says https://t.co/s0P7PVM8Hx via @economics @tracywwithers