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 >>
OCR on hold: RBNZ The Reserve Bank has left the official cash rate unchanged at 2.5% and expects it to stay that way at least until the end of the year. 14-03-2013 more >>
Newland: Best option? Do nothing Reserve Bank Governor Graeme Wheeler should leave the market well alone, says property commentator Olly Newland. 31-01-2013 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 >>
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 >>
