New Zealand households increased their mortgage debt by a net $19 billion or 9.2 per cent in the year ended August.
The Reserve Bank of New Zealand (RBNZ) today has left the official cash rate (OCR) on hold at 2%.
RBNZ governor Graeme Wheeler made the below statement this morning, hinting that further policy easing may be necessary down the track.
Markets are expected to remain choppy in the lead-up to this week's much awaited meeting of the US Federal Reserve.
A more than two-month stretch of calm came crashing to an end this month as fears emerged that America's central bank may announce a rate hike on Thursday (NZ time).
Chocolate scientist Hayleigh Curtis is the latest to join a select group of people who have had their taste-buds insured.
Bloomberg) -- New Zealand’s central bank doesn’t expect that zero interest rates will be required to combat low inflation, Assistant Governor John McDermott said.