New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.

(027) 357 9243

www@nzpif.org.nz

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Recent updates

Tag: ocr

  • 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 >>
  • OCR stays at 2.5%
    The Reserve Bank has kept its official cash rate at 2.50% and says little has changed since its previous Monetary Policy Statement in June. “New Zealand’s trading partner outlook remains weak,” Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.”
    13-09-2012 more >>
  • Westpac issues warnings
    Westpac says that if the Official Cash Rate doesn’t rise by July 2013, the country’s housing market could go from warm to “positively frothy”.
    01-08-2012 more >>
  • Economists unruffled by OCR statement
    This morning's announcement that the OCR will remain at 2.5% has prompted minimal reaction. Westpac said the Reserve Bank decision to leave the Official Cash Rate at 2.5% hadn’t affected its prediction that the first increase would be in July 2012.
    26-07-2012 more >>
  • Reserve Bank leaves OCR unchanged at 2.5%
    The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5%.
    26-04-2012 more >>
  • Floating mortgage rates unlikely to rise this year and may even fall
    The chances of floating mortgage rates rising this year remain remote and they might even fall if the New Zealand dollar remains so strong.
    26-04-2012 more >>
  • Bollard spooks market
    Reserve Bank governor Alan Bollard spooked financial markets slightly into thinking he may raise interest rates sooner than they had anticipated although, as expected, he's left rates unchanged for now.
    27-10-2011 more >>
  • Bollard takes a bob-each-way to OCR review
    Reserve Bank governor Alan Bollard took a bob-each-way approach to reviewing interest rates which has left economists and financial markets scratching their heads.
    28-07-2011 more >>
  • Bollard keeps interest rates on hold
    Home-owners can be confident floating mortgage rates won't be rising for some time following Reserve Bank governor Alan Bollard's expected decision to keep interest rates on hold.
    27-01-2011 more >>
  • Bollard's predictions on interest rates welcome
    Reserve Bank governor Alan Bollard kept the official cash rate unchanged at 2.5%, as expected, and reiterated a mid-year start to rate hikes, saying the subdued pace of recovery will restrain inflation.
    11-03-2010 more >>
  • Bollard holds OCR at 2.5%
    Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The Kiwi tumbled after his statement.
    30-07-2009 more >>
  • Bollard axes rates - 1 percent
    The Reserve Bank has slashed official interest rates an unprecendented 1 percentage point to 6.5 points, opening the way for cuts to mortgage rates but also highlighting the grim outlook facing the global economy
    23-10-2008 more >>
  • Rates higher for longer
    Given that the Reserve Bank held the Official Cash Rate (OCR) at 8.25% following its final rate review of the year last week, it is not surprising that there have been few movements in home loan rates since then.
    14-12-2007 more >>
  • Bollard to Government: watch your step
    Nobody could fail to notice the underlying threat to Treasury which was inherent in Alan Bollard's Official Cash Rate (OCR) announcement today
    25-10-2007 more >>
  • MPs grill Bollard over interest rate hikes
    Reserve Bank Governor Allan Bollard has warned MPs that they will fight the next election campaign amid the highest interest rates in recent times.
    06-08-2007 more >>

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