Analysts outlook has predicted that the Reserve Bank will not make any further cuts to the Official Cash Rate (OCR) in its July 30th revision. The New Zealand OCR as set by the Reserve bank is currently at 2.5%. With an end seemingly in sight for New Zealand and the recession it is now facing, [...]

Analysts outlook has predicted that the Reserve Bank will not make any further cuts to the Official Cash Rate (OCR) in its July 30th revision. The New Zealand OCR as set by the Reserve bank is currently at 2.5%. With an end seemingly in sight for New Zealand and the recession it is now facing, there is no obvious need for further reductions in the OCR, which is already at a record low level. A survey conducted by Reuters of 16 analysts has ... Read More

The Australian Official Cash Rate (OCR) has been cut to 3% on the 7th of April, although it was preceded with less certainty than in previous times. Even while according to a Reuters poll of 21 economists only 13 thought that an OCR decrease was likely, it has been cut by 25 basis points to [...]

The Australian Official Cash Rate (OCR) has been cut to 3% on the 7th of April, although it was preceded with less certainty than in previous times. Even while according to a Reuters poll of 21 economists only 13 thought that an OCR decrease was likely, it has been cut by 25 basis points to 3%. According to a Reserve Bank of Australia media statement, the Australian economy is shrinking (albeit not as fast as some of its trading partners), as such the ... Read More

The Official Cash Rate (OCR) of New Zealand has been cut to 3%. The Reserve Bank has taken an expected move and once again cut the New Zealand OCR by 50 basis points, bringing it to 3%, from its previous position of 3.5%. At first glance, the move is a relatively small one, especially since [...]

The Official Cash Rate (OCR) of New Zealand has been cut to 3%. The Reserve Bank has taken an expected move and once again cut the New Zealand OCR by 50 basis points, bringing it to 3%, from its previous position of 3.5%. At first glance, the move is a relatively small one, especially since it has been preceded by numerous previous cuts, many of a much greater magnitude. The smaller cuts were driven by the Reserve Bank’s relatively positive future outlook for ... Read More

New Zealand banks are yet again beginning to cut their interest rates in anticipation of the April 11th Reserve Bank Official Cash Rate (OCR) review. Leading the foray in pre-OCR cuts is Kiwibank, being the first to announce on the 19th of February that they would yet again be reducing rates. They were soon followed [...]

New Zealand banks are yet again beginning to cut their interest rates in anticipation of the April 11th Reserve Bank Official Cash Rate (OCR) review. Leading the foray in pre-OCR cuts is Kiwibank, being the first to announce on the 19th of February that they would yet again be reducing rates. They were soon followed by Westpac Bank, other banks are yet to make similar statements. The Kiwibank variable home interest rate has been reduced from 6.49 to 5.99 percent. As early as ... Read More