Reserve Bank holds OCR
The New Zealand dollar rallied by more than US1c today after the Reserve Bank opted to keep its official rate at 3.5 per cent.
OCR
OCR rise on hold for now
OCR rise on hold for now
Interest rates are likely to remain on hold until at least March, when the Reserve Bank may lift its official cash rate after an extended pause in its monetary policy tightening cycle.
Reserve Bank hikes OCR
Reserve Bank hikes OCR
Reserve Bank governor Graeme Wheeler has lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that's picking up pace and he's watching the impact of a strong kiwi dollar on import prices.
OCR rise will start interest rate increases
OCR rise will start interest rate increases
The Government will go into election year facing four or five interest rate rises, along with rising inflation.
OCR left unchanged
OCR left unchanged
The New Zealand dollar rallied by about half a US cent after the Reserve Bank issued a more hawkish than expected monetary policy statement.
Currencies set to move on OCR
Currencies set to move on OCR
The transtasman currencies are expected to react later this week to the 0.25% cut in Australia's official cash rate yesterday to 2.50%, the same as the New Zealand OCR.
Official Cash Rate left unchanged
Official Cash Rate left unchanged
Reserve Bank governor Graeme Wheeler has kept the official cash rate at 2.5 per cent and expects to stay put for the rest of the year as he balances the competing tensions of an "overvalued" currency and an overheating property market.
OCR rise could be on the cards as house prices soar
OCR rise could be on the cards as house prices soar
Rising Auckland house prices could be flagging a rise in the interest-driving official cash rate (OCR), which the Reserve Bank has keep at a record low 2.5% for the past 26 months.
OCR left unchanged
OCR left unchanged
Reserve Bank Governor Graeme Wheeler has announced there will be no change to the Official Cash Rate, which sits at a record low 2.5pc.
Reserve Bank leaves OCR unchanged
Reserve Bank leaves OCR unchanged
The Reserve Bank has left its official cash rate unchanged at 2.5 per cent, which was in line with market expectations, but said it was watching house price inflation closely.
OCR left unchanged
OCR left unchanged
Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent in his debut review this morning, and is keeping close tabs on the level of inflation after it dropped below the bank's target band in the September quarter.
'Only just' comfortable with OCR rate of 2.5%
'Only just' comfortable with OCR rate of 2.5%
New Reserve Bank governor Graeme Wheeler would face a tough call on his first outing on the official cash rate tomorrow, NZIER head of public-good research Kirdan Lees said yesterday.
Speculation over new Reserve Bank governor
Speculation over new Reserve Bank governor
New Reserve Bank governor Graeme Wheeler will issue his first official cash rate statement on Thursday with the big unknown being how his attitude differs from that of his predecessor, Alan Bollard.
13-year inflation low prompts OCR calls
13-year inflation low prompts OCR calls
Annual inflation, measured by the consumer price index (CPI), has hit a surprise 13-year low of 0.8% and raised questions about the Reserve Bank cutting the already record-low official cash rate.
OCR held; focus now offshore
OCR held; focus now offshore
The Reserve Bank held the official cash rate at 2.5% as expected but the main focus for markets will be what action the United States Federal Reserve took early this morning (about 3am) to help stimulate the US economy.
Reserve Bank leaves OCR unchanged
Reserve Bank leaves OCR unchanged
The Reserve Bank says it has left its official cash rate unchanged at 2.50 percent.
Bollard unlikely to alter OCR in final review
Bollard unlikely to alter OCR in final review
Outgoing Reserve Bank Governor Allan Bollard is expected to keep the official cash rate (OCR) at its present record low of 2.5%, when delivering his final review on Thursday.
Official cash rate left unchanged
Official cash rate left unchanged
The Reserve Bank of NZ has left its official cash rate unchanged at 2.50 percent.
Year of low OCR expected
Year of low OCR expected
Low interest rates are expected to continue until at least July next year as inflation stays benign, Westpac chief economist Dominick Stephens says.
Reserve Bank leaves OCR unchanged
Reserve Bank leaves OCR unchanged
The Reserve Bank has left the Official Cash Rate on hold at a record low of 2.5 percent.