New Zealand

More easing needed in New Zealand: OECD

The Reserve Bank of New Zealand should cut its policy rate by a further percentage point to 2% in order to stimulate the domestic economy, said the Organisation for Economic Cooperation and Development (OECD) on Thursday. The views contrast with those…

NZ's Bollard sees recovery soon

The Reserve Bank of New Zealand cut its key rate to a fresh record low on Thursday, but Alan Bollard, the governor of the Reserve Bank, signalled an economic recovery is not far off.

New Zealand will suffer, says Bollard

New Zealand's economy has its strengths but it will not escape unscathed from the global crisis, Alan Bollard, the governor of the Reserve Bank of New Zealand, has warned.

RBNZ to accept corporate debt

The Reserve Bank of New Zealand has announced a number of changes to its market operations, mostly significantly accepting domestic corporate securities as collateral for central bank loans. The paper must have a long-term credit rating of BBB- or higher.

Optimising cash supply

Central banks need to take a business minded approach to their cash-supply function, argues Brian Lang