In today's email we take a deep dive into the Reserve Bank governor's final new conference.
Graeme Wheeler held his neutral stance in his final monetary policy decision this week, but the focus was on his defence of his record as an inflation targeter. Bernard Hickey reports.
In today's email we detail the weekend's political announcements centred around Auckland's transport woes.
1. 'Vote for the other guy'
Yet again, inflation is failing to fire this year and interest rates are staying lower for longer. Bernard Hickey looks at why prices, wages and interest rates just won't, or can't, get up off the floor.
Inflation was surprisingly weak in the June quarter, which means financial markets and economists now see the Reserve Bank as more likely to keep the Official Cash Rate on hold for longer.
In today's email we report on the latest OCR decision.
The Reserve Bank has left the Official Cash Rate (OCR) on hold at 1.75 percent as universally expected, and has left its outlook for interest rates in neutral.
In today's email we dig into yesterday's monetary policy statement and the surprisingly dovish forecasts from Reserve Bank Governor Graeme Wheeler.
The Government hopes higher interest rates will help improve housing affordability in the long run, but it will have to wait a long time for that particular cavalry to gallop over the horizon.