Articles Tagged ‘Mike Hannah’

OCR Unchanged At 2.5 Percent

The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent at its April meeting. Reserve Bank Governor Alan Bollard said: “Inflation is restrained and is expected to stay near the middle of the Bank’s target range. “The domestic economy is showing signs of recovery. Housing market activity continues to increase and a […]

Could we be Better Off Than we Think?

International comparisons of economic statistics can be fraught with difficulties and could have resulted in New Zealand’s economic performance being understated, Reserve Bank Governor Alan Bollard said today. Different countries use different methodologies and data sources, meaning – in some cases – care needs to be taken when comparing economic statistics, Dr Bollard told a […]

RBNZ’s Arms Stay Folded

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Since the time of the December Statement, financial market sentiment has improved slightly, with increased liquidity in European financial markets. However, the global economy remains fragile and risks to the outlook remain. “World prices for […]

OCR on Hold Over Christmas

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of volatility in financial markets. There […]