Matthew Brockett
Wellington Bureau Chief at Bloomberg News
New Zealand Bureau Chief Bloomberg News. Views are my own
Articles
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2 weeks ago |
bloomberg.com | Matthew Brockett |Tracy Withers
Adrian Orr(Bloomberg) -- New Zealand’s central bank said former governor Adrian Orr resigned over government cuts to the bank’s funding. Responding to Official Information Act requests from Bloomberg News and other media, the Reserve Bank on Wednesday released a raft of documents pertaining to Orr’s unexpected resignation on March 5.
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4 weeks ago |
bloomberg.com | Matthew Brockett
Karen Silk(Bloomberg) -- The Reserve Bank of New Zealand needs more time to assess the impact of global trade turmoil on the local economy before deciding on the appropriate path for the Official Cash Rate, Assistant Governor Karen Silk said. “Absolutely we do,” Silk said in an interview with Bloomberg Friday in Wellington. The RBNZ’s central projection for the OCR “has got significant uncertainty around it” and “that fog is quite thick,” she said.
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1 month 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 month 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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1 month 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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An external member of the Reserve Bank of New Zealand’s Monetary Policy Committee will give a rare presentation today, but it will be behind closed doors. #RBNZ https://t.co/7QR59Wh6Dl
New Zealand Finance Minister Nicola Willis wants the central bank to increase the frequency of its rate decisions, ending its practice of a three-month summer break and bringing it in line with global peers. #RBNZ https://t.co/JlWzivO5FB
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