Mar 10, 2011
The Reserve Bank of New Zealand has taken proactively cut the national interest rate, in an effort to aid the recovery from the Christchurch earthquake. On March 10th the Reserve Bank of New Zealand announced that the Official Cash Rate (OCR) is being dropped by 0.5 percent to a level of 2.5 percent. The adjustment [...]
The Reserve Bank of New Zealand has taken proactively cut the national interest rate, in an effort to aid the recovery from the Christchurch earthquake.
On March 10th the Reserve Bank of New Zealand announced that the Official Cash Rate (OCR) is being dropped by 0.5 percent to a level of 2.5 percent. The adjustment comes as the first rate change after four separate OCR assessments.
Reserve Bank Governor Alan Bollard attributed much of the rate cut decision to to the recent Christchurch ... Read More
Dec 10, 2010
The New Zealand Official Cash Rate has remained unchanged after its latest review, primarily due to weakened short-term projections for the country’s economic prospects. On December 9th the Reserve Bank of New Zealand announced that the country’s Official Cash Rate (OCR) will remain unchanged at 3.0 percent. The OCR has remained at 3 percent since [...]
The New Zealand Official Cash Rate has remained unchanged after its latest review, primarily due to weakened short-term projections for the country’s economic prospects.
On December 9th the Reserve Bank of New Zealand announced that the country’s Official Cash Rate (OCR) will remain unchanged at 3.0 percent. The OCR has remained at 3 percent since July 29th 2010.
At the OCR announcement Reserve Bank Governor Alan Bollard stated that the interest rate is expected to rise slower than previously projected over the next two ... Read More
Jul 29, 2010
The Reserve Bank of New Zealand has deemed the country’s economic growth strong enough to instate another increase to the national Official Cash Rate. New Zealand has continued down a path of a relatively healthy economic recovery in recent months, despite a small slowdown in selected growth figures. On July 29th Allan Bollard, Governor of [...]
The Reserve Bank of New Zealand has deemed the country’s economic growth strong enough to instate another increase to the national Official Cash Rate.
New Zealand has continued down a path of a relatively healthy economic recovery in recent months, despite a small slowdown in selected growth figures. On July 29th Allan Bollard, Governor of the Reserve Bank, revealed that the current conditions are adequate to warrant a slight withdrawal of stimulus policy and a 25 basis point increase the Official Cash Rate ... Read More
Jun 10, 2010
The Reserve Bank of New Zealand has raised the nation’s Official Cash Rate (OCR) to 2.75 percent. On June 10th the Reserve bank of New Zealand (RBNZ) announced the first change in New Zealand’s OCR since April 30th 2009. At the latest OCR review, the rate was increased by 0.25 percent to a new level [...]
The Reserve Bank of New Zealand has raised the nation’s Official Cash Rate (OCR) to 2.75 percent.
On June 10th the Reserve bank of New Zealand (RBNZ) announced the first change in New Zealand’s OCR since April 30th 2009. At the latest OCR review, the rate was increased by 0.25 percent to a new level of 2.75 percent. The rate has remained unchanged for the last 8 OCR review sessions.
Alan Bollard, Governor of the RBNZ, explained the change, saying, “…the economy has entered ... Read More
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