Latest from Official Cash Rate

Interest rate rise this week virtually ruled out
Economists and the financial markets see virtually no chance the Reserve Bank will lift the official cash rate from 3.5 per cent when it reviews it on Thursday.

Liam Dann: Bursting the inflation bubble
Is inflation dead? The annual rate has fallen to 1 per cent, dangerously close to dropping outside the Reserve Bank's target band.

A cautionary credit card tale
On September 1, I went to the fruit and vege shop and spent $24.03. Twice. Well, that's what the credit card statement said, writes Peter Calder.

Cheaper fruit and cheese push food prices down
New Zealand food prices fell in September, as cheaper cheese and seasonal fruit and vegetables offset rising meat prices.

Dollar slumps after RBNZ jawboning
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.

Food prices rise on more expensive fruit and veg
NZ food prices rose in August, paring the previous month's fall, as more expensive tomatoes, lettuce and broccoli offset discounted breads.

Fewer, slower rates rises due
The Reserve Bank still sees interest rate increases in our future but fewer and further between than it foreshadowed three months ago, writes Brian Fallow.

Keep interest rate steady: experts
NZIER's monetary policy shadow board recommends the Reserve Bank keep the official cash rate on hold at 3.5 per cent tomorrow.

Kiwi declines after warning
The New Zealand dollar has reached its tipping point and looks to be heading lower after the Reserve Bank fired a warning shot across the bows of the market this week.

Wait-and-see hold on rate rises
The Reserve Bank raised its official cash rate to 3.5pc yesterday, but said it would now remain on hold for "a period of assessment".

Shadow board backs OCR rise - just
NZIER's monetary policy shadow board thinks the Reserve Bank should raise the official cash rate to 3.5 per cent tomorrow, but it is a line ball call.

Reserve Bank caught in signalling dilemma
The Reserve Bank will probably raise the official cash rate again on July 24 while trying not to polish the appeal of a New Zealand dollar.

OCR tipped to rise next week
Economists still expect the Reserve Bank to raise its official cash rate to 3.5 per cent next week.

Reserve bank lifts growth 'speed limit'
The Reserve Bank has revised up its estimate of the economy's potential or non-inflationary growth rate next year, but it is still shy of the levels prevailing between the mid-90s and mid-2000s.

Liam Dann: Fizzing dollar threatens recovery
It's all eyes on the dollar this week after the effervescent kiwi fizzed to within half a cent of a record high by 5pm Friday, writes Liam Dann.

IAG's Lumley takeover gets final regulatory approval
IAG has been given the final regulator's tick to buy Wesfarmers' Lumley general insurance unit, adding to the dominance of NZ’s biggest general insurer.

How Wal-Mart, Google could steal young customers from traditional banks
T-Mobile, Wal-Mart, Google and a host of other retail, tech and telecom companies are now operating like banks and they are piquing the interest of young people.

Low-deposit home loan numbers rebounding
The number of people buying homes with a deposit of less than 20 per cent is rising for the first time since the new mortgage-lending limits were introduced.

Support for capital gains tax
A capital gains tax would reduce the price it is rational for an investor to pay for a property by as much as 23 per cent, Westpac economists say.

Gradual LVR easing tipped by bank
The Reserve Bank is indicating the removal of restrictions on high loan-to-value home loans may be gradual rather than a now-you-see-it, now-you-don't affair.

Migration key to rates rises
The strength of the surge in net immigration will influence both the outlook for interest rates and how long loan-to-value ratio curbs remain in place, says Reserve Bank Deputy Governor Grant Spencer.

Brian Fallow: The sceptics' case on Labour's plan
The contrary view to Labour's plan for monetary policy and savings goes broadly like this: It is a cute idea but it won't work, writes Brian Fallow.

Signs of a Reserve Bank rate-rise pullback?
Some economists are interpreting talk by Governor Graeme Wheeler that the Reserve Bank may intervene in the foreign exchange market.

Auckland house prices, sales slump
The average Auckland house sale price and volumes achieved by the city's biggest real estate agency dropped from $725,708 in March to $708,603 last month.

Brian Fallow: Labour's plan a subtly blunt instrument
What we got from Labour's finance spokesman David Parker on Tuesday was a much broader economic policy than that would imply, writes Brian Fallow.