Articles Tagged ‘Reserve Bank of New Zealand’

Getting into your own home sooner

Last October the Reserve Bank in NZ introduced new restrictions to stop high risk lending. Worried by the threat of high-risk lending practices, the Reserve Bank saw these restrictions as a way to increase the stability of the financial system.

OCR unchanged at 2.5 percent

Last week the Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “New Zealand’s economic outlook remains broadly consistent with that described in the June Monetary Policy Statement.” “New Zealand’s trading partner outlook remains weak. Several euro-area economies are in recession and Chinese growth has slowed. The […]

OCR unchanged at 2.5 percent

Last Thursday the Reserve Bank announced that the Official Cash Rate (OCR) would remain unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “New Zealand’s economic outlook remains consistent with that described in the June Monetary Policy Statement. “New Zealand’s trading partner outlook remains poor, with several euro-area economies in recession. There remains a […]

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. […]

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 […]

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 […]

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 […]

Fixed or Floating Home Loans?

It’s the age-old question, which is best: fixed or floating interest rate home loans? And right now, with the official cash rate (OCR) on hold, comes a great time to reconsider your home loan options. But when it comes to home loans, one size does not fit all, and that means there is no simple […]

The Insider

Mortgage holders appeared to breathe a collective sigh of relief this week when Reserve Bank of New Zealand (RBNZ) Govenor Allan Bollard cut the Official Cash Rate (OCR) by 0.5 per cent to a record low 2.5 per cent as the central bank reviewed the countries economic data. Many economists are now predicting only one […]

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 […]