Articles Tagged ‘Reserve Bank’

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 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 […]