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Alan Bollard

NZ dollar falls after central bank raises cash rate

NZ dollar falls after central bank raises cash rate
Wellington, July 29 NZPA - The New Zealand dollar fell sharply on a day the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate (OCR) by 25 basis points to 3 percent.

Cash rate lifted to 3 percent, but caution knocks currency

Cash rate lifted to 3 percent, but caution knocks currency
Wellington, July 29 NZPA - The Reserve Bank of New Zealand (RBNZ) lifted the official cash rate (OCR) 25 basis points to 3 percent but caught financial markets on the hop by hinting it may pause in future due to the weakness of the recovery.

NZ sharemarket falls early

NZ sharemarket falls early
Wellington, July 29 NZPA - The New Zealand sharemarket fell in early trade, after the Reserve Bank increased interest rates but sounded more downbeat than it had seven weeks ago.

Cash rate lifted to 3 percent

Cash rate lifted to 3 percent
Wellington, July 29 NZPA - The Reserve Bank lifted the official cash rate 25 basis points to 3 percent, as widely expected, but indicated the pace of further rate rises may be slower than suggested earlier.

RBNZ funding increases

RBNZ funding increases
Wellington, July 20 NZPA - The Government has increased the Reserve Bank of New Zealand's funding over the next five years in an agreement ratified today, reflecting the central bank's extra responsibilities.

Reserve Bank investigating other monetary policy tools

Reserve Bank investigating other monetary policy tools
Wellington, June 30 NZPA - The Reserve Bank has been investigating the potential for other policy tools to help support its traditional official cash rate instrument in monetary policy, and will continue to look, Reserve Bank Governor Alan Bollard says.

BNZ sells $425m of covered bonds in first sale

BNZ sells $425m of covered bonds in first sale
Wellington, June 14 NZPA - The Bank of New Zealand has got the first sale of covered bonds away in New Zealand. It has sold $425 million of five and seven year bonds to New Zealand institutions. Settlement is on June 16.

NZ dollar rises after OCR lift, strong aussie data

NZ dollar rises after OCR lift, strong aussie data
Wellington, June 10 NZPA - The New Zealand dollar rose sharply today after the Reserve Bank of New Zealand raised the official cash rate and after strong Australian employment data and strong Chinese export data.

NZ cash rate up 25 basis points to 2.75 pct

NZ cash rate up 25 basis points to 2.75 pct
Wellington, June 10 NZPA - Reserve Bank Governor Alan Bollard sees the decision to lift interest rates as a start to the removal of "extraordinary" stimulus from monetary policy.

NZ dollar rises above US67c after OCR lift

NZ dollar rises above US67c after OCR lift
Wellington, June 10 NZPA - The New Zealand dollar rose rapidly back above US67c after the Reserve Bank this morning confirmed market expectations of a 0.25 percentage point lift in the official cash rate to 2.75 percent.

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