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Alan Bollard

Rising Housing, Dairy Prices Seen Putting Pressure On OCR

Rising Housing, Dairy Prices Seen Putting Pressure On OCR
Wellington, Nov 4 NZPA - Rising prices for houses and rents in Auckland, and for dairy products, are thought to be adding to pressure on the Reserve Bank to raise official interest rates earlier than planned.

NZ Sharemarket Outperforms Other Markets

NZ Sharemarket Outperforms Other Markets
By Paloma Migone of NZPA Wellington, Oct 29 NZPA - The New Zealand sharemarket outperformed markets in Asia for a second day, mostly due to strength in leading stocks.

NZD Falls Following OCR Decision And On Global Risk Aversion

NZD Falls Following OCR Decision And On Global Risk Aversion
Wellington, Oct 29 NZPA - The New Zealand dollar fell sharply today following the Reserve Bank of New Zealand's (RBNZ's) calming statements over the official cash rate and traders' decreased risk appetite.

Reserve Bank Cools Expectations For Official Cash Rate Hikes

Reserve Bank Cools Expectations For Official Cash Rate Hikes
Wellington, Oct 29 NZPA - Reserve Bank Governor Alan Bollard today sent markets a clear message that they have been expecting a rise in the official cash rate (OCR) too soon.

NZ Sharemarket Tumbles Early

NZ Sharemarket Tumbles Early
Wellington, Oct 29 NZPA - The New Zealand sharemarket tumbled in early trading, following a broad sell-off in stocks in the United States after weak data on US new home sales heightened concerns about the pace of the economic recovery.

OCR Unchanged At 2.5 Pct

OCR Unchanged At 2.5 Pct
Wellington, Oct 29 NZPA - The Reserve Bank left the official cash rate (OCR) unchanged at 2.5 percent but indicated the first rate rise off historic lows could be sooner than previously expected.

NZ Dollar Bounds Above US76c

NZ Dollar Bounds Above US76c
Wellington, Oct 22 NZPA - The New Zealand dollar bounded above US76c early today as it gained broadly, even regaining ground initially lost to another strong overnight performer, the British pound.

NZ Dollar Mixed And Ends Near US75c

NZ Dollar Mixed And Ends Near US75c
Wellington, Oct 21 NZPA - The New Zealand dollar was volatile but overall generally firm on a day the market received some unexpected commentary from Reserve Bank of New Zealand governor Alan Bollard.

RB Governor Says High Dollar Not Big Factor In Interest Rates

RB Governor Says High Dollar Not Big Factor In Interest Rates
By Maggie Tait of NZPA Wellington, Oct 21 NZPA - Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard says a high New Zealand dollar is unhelpful but would not be a big factor when considering raising interest rates.

Reserve Bank Reports $906m Annual Net Profit

Reserve Bank Reports $906m Annual Net Profit
Wellington, Oct 9 NZPA - The Reserve Bank's (RBNZ) annual net profit rose about 70 percent to $906 million from $535m a year earlier, while its dividend to the Government almost quadrupled to $630m from $168m.

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