The strongest consumer confidence figures in three years are not enough to convince ASB that the Reserve Bank will move the official cash rate before the end of the year.
Statistics out today in the latest Westpac McDermott-Miller Consumer Confidence survey show the index jumped to 116.6 in the June quarter, up from 110.8 in March and the highest level since June 2010 when it touched 119.3. Any reading over 100 indicates there were more optimists than pessimists.
Westpac chief economist Dominick Stephens said: “People are shifting out of saving mode and into spending model...MORE»
Friday, June 14th, 8:48AM
Here we wrap up with the economists read into yesterday's Reserve Bank Monetary Policy Statement yesterday.MORE»
Thursday, June 13th, 8:54PM
The long-drawn out, and often acriomonous, battle for control of Mike Pero Mortgages has finally reached a conclusion.MORE»
The Reserve Bank holds rates, worries about house prices and the exchange rate and still considers its new tools.MORE»
[UPDATED] Normally banks don't make changes to home loan rates before a Reserve Bank official cash rate announcement, but this week has been an exception.MORE»
Economists expect the official cash rate to remain at 2.5% when the Reserve Bank releases its Monetary Policy Statement and expect that it won't start rising till March next year.MORE»
LVR restrictions may not make much difference to the supply of credit, at least at first, one analyst says.MORE»