The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review. At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy [...]

The New Zealand Official Cash Rate (OCR) was left unchanged at its latest review. At the quarterly Reserve Bank OCR Review, on January 28th, it was announced that the rate would remain at its current level of 2.5 percent. Alan Bollard, Reserve Bank Governor, said that the decision comes as a result of the economy remaining consistent with projections made in the December Monetary Policy Statement. He continued on to say that the annual CPI inflation is situated squarely in the target band ... Read More

The New Zealand Official Cash Rate (OCR) remains unchanged, as of its 29th of October review. On the 29th of October it was revealed that the Reserve Bank of New Zealand has decided to maintain the New Zealand OCR at 2.5%. The review was the fourth which had led to an unchanged OCR, the last [...]

The New Zealand Official Cash Rate (OCR) remains unchanged, as of its 29th of October review. On the 29th of October it was revealed that the Reserve Bank of New Zealand has decided to maintain the New Zealand OCR at 2.5%. The review was the fourth which had led to an unchanged OCR, the last alteration being on the 12th of March 2009. According to Alan Bollard, Reserve Bank Governor, there seemed to be no reason to withdraw the monetary policy stimulus. ... Read More

The New Zealand Official Cash Rate experienced no cuts or additions in its 30th of June review. For the second review in a row Reserve Bank Governor Alan Bollard has opted not to increase the Official Cash Rate (OCR) of New Zealand. The change came as no big surprise to commentators or market participants, with [...]

The New Zealand Official Cash Rate experienced no cuts or additions in its 30th of June review. For the second review in a row Reserve Bank Governor Alan Bollard has opted not to increase the Official Cash Rate (OCR) of New Zealand. The change came as no big surprise to commentators or market participants, with no movements of particular note to be seen on the foreign exchange or equity market. In regards to the decision, Alan Bollard, in a Reserve Bank release said ... 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