Dec 8, 2011
The Reserve bank of New Zealand has issued its latest official cash rate announcement, saying that it would be maintained at 2.5 percent. On December 8th the reserve Bank Governor Alan Bollard the quarterly Monetary Policy Statement, saying that the New Zealand Official Cash rate (OCR) will remain unchanged at 2.5 percent for another four [...]
The Reserve bank of New Zealand has issued its latest official cash rate announcement, saying that it would be maintained at 2.5 percent.
On December 8th the reserve Bank Governor Alan Bollard the quarterly Monetary Policy Statement, saying that the New Zealand Official Cash rate (OCR) will remain unchanged at 2.5 percent for another four months. The OCR has not been changed since it was dropped by 0.5 percent on March 10th 2011.
The Governor explained that the September OCR Statement had suggested that ... Read More
Sep 15, 2011
New Zealand’s Official Cash Rate has remained unchanged, due mainly to deteriorating economic outlooks overseas. In line with the expectations of most economists, the Reserve Bank Governor Alan Bollard announced on September 15th that the New Zealand Official Cash Rate (OCR) will remain unchanged at 2.5 percent. The Governor said that while New Zealand’s local [...]
New Zealand’s Official Cash Rate has remained unchanged, due mainly to deteriorating economic outlooks overseas.
In line with the expectations of most economists, the Reserve Bank Governor Alan Bollard announced on September 15th that the New Zealand Official Cash Rate (OCR) will remain unchanged at 2.5 percent.
The Governor said that while New Zealand’s local economic performance was better than forecast over the last quarter, international economic factors meant that the OCR should not be increased at this point in time.
Since ... Read More
Jun 9, 2011
The New Zealand Official Cash Rate will remain unchanged, as the high Kiwi dollar and constrained domestic economic activity mean that an increase will only serve to hamper growth. New Zealand is looking to be set on the road to financial recovery and sustained economic growth following the recent Christchurch earthquake, but the growth does [...]
The New Zealand Official Cash Rate will remain unchanged, as the high Kiwi dollar and constrained domestic economic activity mean that an increase will only serve to hamper growth.
New Zealand is looking to be set on the road to financial recovery and sustained economic growth following the recent Christchurch earthquake, but the growth does not yet warrant an increase to the national Official Cash Rate (OCR). On June 9th the reserve bank of New Zealand announced the outcome of the latest OCR ... Read More
Apr 29, 2011
According to the Reserve Bank of New Zealand, following the Christchurch earthquake and in the face of an overvalued currency and rising oil prices, New Zealand remains in a precarious economic position. During the latest Official Cash Rate (OCR) review on April 28th, the Reserve Bank noted that following the recent natural disaster in Christchurch [...]
According to the Reserve Bank of New Zealand, following the Christchurch earthquake and in the face of an overvalued currency and rising oil prices, New Zealand remains in a precarious economic position.
During the latest Official Cash Rate (OCR) review on April 28th, the Reserve Bank noted that following the recent natural disaster in Christchurch consumer spending in New Zealand and inbound international tourism took a deep dive. The OCR was cut down to 2.5 percent in response, as a means of buffering ... Read More
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