Tag Archives: interest rates

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, [...]

Posted in ALL, Banking, Economic News | Also tagged , | Comments closed

Reserve Bank Leaves OCR Unchanged

Good news for homeowners today when The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent. Homeowners and those entering the market could take confidence from the Reserve Bank Governor Alan Bollard’s statement that: “The outlook for the New Zealand economy has improved since the publication of the March Statement.” He went [...]

Posted in ALL, Banking, Economic News | Also tagged , | Comments closed

Reserve Bank Drops OCR

The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent. Reserve Bank Governor Alan Bollard said: “The Reserve Bank extends its sympathies to all those affected by the Christchurch earthquake. Our condolences go especially to those who have lost family, friends and colleagues. “The earthquake has caused substantial [...]

Posted in ALL, Banking, Economic News | Also tagged , , | Comments closed