Official Cash Rate (OCR) unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Statement by Reserve Bank Governor Grant Spencer:
09-11-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

Statement by Reserve Bank Acting Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
28-09-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler:
10-08-2017 more >>

OCR remains unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based.  However, major challenges remain with on-going surplus capacity and extensive political uncertainty.
23-06-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

A statement by Reserve Bank Governor Graeme Wheeler
23-03-2017 more >>

Reserve Bank reduces OCR to 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler:
10-11-2016 more >>

The Reserve Bank today left the OCR unchanged

Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent.
22-09-2016 more >>

Official Cash Rate reduced to 2.25 percent

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25 percent
10-03-2016 more >>

Official Cash Rate unchanged at 2.5 percent

The Reserve Bank today left the Official Cash Rate unchanged at 2.5 percent.
28-01-2016 more >>

Official Cash Rate reduced to 2.5 percent

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent.
10-12-2015 more >>

Reserve Bank holds the Official Cash Rate (OCR) at 2.75 percent

Global economic growth is below average and global inflation is low despite highly stimulatory monetary policy.
29-10-2015 more >>

Official cash rate reduced to 2.75 percent today

Statement by Reserve Bank Governor Graeme Wheeler
10-09-2015 more >>

Official cash rate reduced to 3.0 percent today

Statement by Reserve Bank Governor Graeme Wheeler:
23-07-2015 more >>

Carmen Vicelich, property information service Valocity, on OCR rate hold

Carmen Vicelich is the managing director of Vicelich
02-11-2014 more >>

Housing pressures are easing gradually

Pressures in the New Zealand housing market are easing gradually but risks remain, the Deputy Governor of the Reserve Bank, Grant Spencer, said in a speech today.
09-05-2014 more >>

How does the OCR actually affect interest rates?

The Official Cash Rate (OCR) was raised twice recently, the first change since early 2009. Floating mortgage interest rates for most banks moved up by the same amount almost immediately. But what exactly is the OCR and how does it affect the mortgage interest rates we pay?
05-05-2014 more >>

Reserve Bank raises OCR to 3 percent

Statement issued by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today increased the OCR by 25 basis points to 3 percent.
24-04-2014 more >>

Reserve Bank raises OCR to 2.75 percent

Statement by the Governor of the Reserve Bank today
13-03-2014 more >>

OCR unchanged at 2.5 percent

Statement issued by Reserve Bank Governor Graeme Wheeler
30-01-2014 more >>

OCR move unlikely this week: Survey

Economists aren’t expecting an increase in the official cash rate this week but it’s not can impossibility, a new survey has shown. The latest CPI data, which showed much stronger inflation than expected, had prompted some to question whether the Reserve Bank might move sooner rather than later on the rate.
28-01-2014 more >>

ANZ questions sustainability

ANZ’s economist shave questioned the durability of the housing market’s price increases, considering how stretched values seem to be judging by affordability and debt metrics.
02-07-2013 more >>

Hint of optimism in OCR announcement

The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has.
25-10-2012 more >>

Familiar cure for bank hangover

BNZ chief economist Tony Alexander says central banks around the world are pursuing a “hair of the dog that bit you” solution to the global financial crisis, by flooding the market with cash.
12-10-2012 more >>

Prices acquire extra importance

Economists are watching house prices with extra interest since it was announced that the Reserve Bank will now have to take asset prices into account in setting the Official Cash Rate.
24-09-2012 more >>

RBNZ targets house prices

The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability.
21-09-2012 more >>