Articles Tagged ‘inflation’

OCR Outlook Positive

It is widely speculated amongst chief economists that the Reserve Bank of New Zealand will keep the Official Cash Rate (OCR) from 2.5 per cent when it meets next month at its September board meeting. Economic data in New Zealand will be monitored, closely as the bank determines its moves over the last part of […]

RBNZ Makes Good Move

The Reserve Bank of New Zealand (RBNZ) has made a good decision in leaving its official cash rate (OCR) unchanged at 2.5 percent at its June Monetary Policy Statement. The Reserve Bank Governor Alan Bollard held that the pace and timing of OCR increases will be guided by the speed of recovery after the February […]

Reserve Bank Of New Zealand Holds Cash Rate

The Reserve Bank of New Zealand (RBNZ) has left its official cash rate unchanged at 3 percent for a fourth consecutive review on Thursday, and said rates would stay low until the economy shows real signs of picking up. It has held the rate steady since August last year after 25 basis point rises in […]

OCR steady at 2.5pc

The Reserve Bank (RBNZ) announced yesterday that the Official Cash Rate (OCR) would remain on hold at 2.5 per cent for the time being, however they have flagged further ‘modest’ falls over the coming months. Some economists were in favour of a downwards move now – something the Reserve Bank decided against as it waits […]

OCR at 2.5 per cent

At the end of April, the Reserve Bank reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 per cent. Reserve Bank Governor Alan Bollard said that overall, developments since March point to lower medium-term inflation than previously projected. While global financial markets have shown some tentative signs of stabilisation since the March […]