Tag Archives: interest rates

NZ’s Growth Prospects Force Reserve Bank To Lift Rates

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility. Economic [...]

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RBNZ raises OCR to 3.25 percent

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. Global financial conditions remain very accommodative and are reflected in low long-term interest rates and narrow [...]

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Reserve Bank leaves rates unchanged

NEW Zealand’s central bank left the official cash rate unchanged at 2.5 per cent today, saying the economic outlook was improving but only at a modest pace. Inflation was of less concern to Govenor Allan Bollard despite it being outside the 3% target band. In his statement Bollard said “September quarter inflation data suggest that, [...]

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