Articles Tagged ‘official cash rate’

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. […]

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 […]

Reserve Bank of New Zealand Cuts OCR

There was a sigh of relief to see the Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 basis points to 2.5% per cent as it reviewed economic data at its March board meeting. Many economists are now predicting only one further rate rise in the end of the last quarter […]

Reserve Bank of New Zealand to Hold Rates in March

The Reserve Bank of New Zealand (RBNZ) held interest rates steady in its Official Cash Rate meeting in January and reaffirmed that they will remain low until the economic recovery gains momentum, hardening the view it will not resume rate rises until the middle of the year at the earliest. The Reserve Bank of New Zealand (RBNZ) […]

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 […]

Confidence returning to property market

By Carey Smith, Ray White CEO Potentially there is a higher level of lending occurring through the main stream banks. This has been facilitated by a further reduction in the Official Cash Rate which now sits at 2.5 per cent, the lowest it has been since the Reserve Bank introduced the OCR. One other key factor which […]

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 […]