Articles Tagged ‘OCR’

Official Cash Rate Unchanged at 2.5 percent

The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent on Thursday. Reserve Bank Governor Alan Bollard said: “New Zealand’s economic outlook has weakened a little since the March Monetary Policy Statement.” Political and economic stresses in Europe, along with a run of weaker-than-expected data, have seenNew Zealand’s trading partner outlook worsen. […]

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 […]

Rate Hold Reflects Signs of Recovery

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Inflation has settled near the middle of the Bank’s target range, and inflation expectations have fallen. “The domestic economy is showing signs of recovery. Household spending appears to have picked up over the past few […]

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 […]

Financial Stability Report Signals Relief

The Reserve Bank of New Zealand (RBNZ) has released its twice-yearly Stability Report as the global growth weakens and the sovereign debt crisis escalates inEurope, signalling some relief to New Zealanders. In his statement Dr Allan Bollard said, “Risks toNew Zealand’s economy and financial system have increased in recent months.” However he went on to […]

Central Bank Will Wait and See

At its October board meeting, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) hold at 2.5 per cent. The decision by the RBNZ demonstrates its ‘wait and see’ approach, expected to carry through to early 2012. “Given the ongoing global economic and financial risks, it remains prudent to continue to […]

Central Bank Holds Rates

At its September board meeting, the Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard has, as anticipated, left the official cash rate (OCR) unchanged at 2.5 per cent. The decision by the RBNZ indicatesNew Zealand’s strong local economy, Dr Bollard stating at his September Monetary Policy Meeting “If recent global developments have only a […]

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 […]

OCR on Hold, For Now

The Reserve Bank (RBNZ) left the official cash (OCR) rate on hold at 2.5 per cent at its April meeting, giving home owners some much needed reprieve. The outlook for core inflation and the ongoing economic impact of the earthquakes mean there’s no need to raise interest rates any time soon. In its financial stability […]