Closer to the December Official Cash Rate (OCR) decision a progressively larger number of analysts are predicting a dramatic drop. While argument may arise around exactly how much Reserve Bank Governor Alan Bollard will cut the OCR, no analysts are willing to vouch for any figure lower than 100 basis points, bringing the OCR to [...]

Closer to the December Official Cash Rate (OCR) decision a progressively larger number of analysts are predicting a dramatic drop. While argument may arise around exactly how much Reserve Bank Governor Alan Bollard will cut the OCR, no analysts are willing to vouch for any figure lower than 100 basis points, bringing the OCR to at least 5.5%. Predictions for the December OCR cut range realistically between 100 to 200 basis points, with supporters on either side of the spectrum. The biggest supporter of a ... Read More

According to statements made by Reserve Bank Governor, Alan Bollard, the Reserve Bank is talking to commercial banks about possible new funding and liquidity standards. While releasing the bi-annual Financial Stability Report, Alan Bollard disclosed the proposed new policy which is aimed at creating incentives for banks to diversify their reliance on funding sources. Primarily [...]

According to statements made by Reserve Bank Governor, Alan Bollard, the Reserve Bank is talking to commercial banks about possible new funding and liquidity standards. While releasing the bi-annual Financial Stability Report, Alan Bollard disclosed the proposed new policy which is aimed at creating incentives for banks to diversify their reliance on funding sources. Primarily it is aimed at reducing the use of short-term wholesale as a source of funding, so as to reduce the bank’s exposure to market disruptions. In the ... Read More

Predictions are arising of a 75 point cut to the New Zealand Official Cash Rate. According to predictions made by ANZ economists, Reserve Bank governor Alan Bollard will cut the New Zealand Official Cash Rate (OCR) by 75 points at the next Reserve Bank meeting, on the 4th of December. The prediction follows an announcement [...]

Predictions are arising of a 75 point cut to the New Zealand Official Cash Rate. According to predictions made by ANZ economists, Reserve Bank governor Alan Bollard will cut the New Zealand Official Cash Rate (OCR) by 75 points at the next Reserve Bank meeting, on the 4th of December. The prediction follows an announcement on the 4th of November by the Australian reserve Bank that it is cutting its OCR by 75 points, from 6% to 5.25%. According to the ANZ, it ... Read More

The Reserve Bank has cut the Official Cash Rate (OCR) to 6.5%. On Thursday 23rd of October, the Reserve Bank Governor, Alan Bollard, stated that the OCR is cut by 100 basis points, or 1 %, bringing the rate to 6.5%. While this move may seem counter-intuitive considering New Zealand’s recent level of high inflation, [...]

The Reserve Bank has cut the Official Cash Rate (OCR) to 6.5%. On Thursday 23rd of October, the Reserve Bank Governor, Alan Bollard, stated that the OCR is cut by 100 basis points, or 1 %, bringing the rate to 6.5%. While this move may seem counter-intuitive considering New Zealand’s recent level of high inflation, the aim of the move was to counter-balance the oncoming times of credit tightening and fears. Governor Alan Bollard said in a statement, that New Zealand is ... Read More