Official Cash Rate
Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
10th Jul 24, 6:37pm
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Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
10th Jul 24, 2:21pm
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The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
4th Jul 24, 11:31am
21
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
2nd Jul 24, 1:49pm
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Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
8th Mar 24, 10:02am
27
Assistant Governor Karen Silk says the RBNZ has been consistently saying it will hold rates until inflation is heading back to 2%
The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
29th Feb 24, 5:00am
73
The Reserve Bank says it has growing confidence inflation will return to target without it lifting the Official Cash Rate above 5.50%
Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
18th Feb 24, 6:00am
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Reserve Bank policymakers will be weighing up various measures of inflation as they begin committee deliberations
Governor Adrian Orr says the Reserve Bank is focused on core inflation and is not willing to tolerate even temporary inflation pressure
16th Feb 24, 9:32am
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Governor Adrian Orr says the Reserve Bank is focused on core inflation and is not willing to tolerate even temporary inflation pressure
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
9th Feb 24, 12:33pm
12
Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates
Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
7th Feb 24, 2:04pm
58
Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
Reserve Bank Governor Adrian Orr says the last five yards of the inflation battle are going to be tough
20th Dec 23, 10:44am
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Reserve Bank Governor Adrian Orr says the last five yards of the inflation battle are going to be tough
The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
4th Oct 23, 2:37pm
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The Monetary Policy Committee agreed that higher oil prices will add to inflation risk but interest rates are high enough for now
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
17th Aug 23, 5:00am
21
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
Inflation still has a long way to fall but a 'soft landing' remains possible
Twenty four hours after the RBNZ hiked the Official Cash Rate by 50 basis points, no bank has announced any rate change
26th May 22, 2:14pm
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Twenty four hours after the RBNZ hiked the Official Cash Rate by 50 basis points, no bank has announced any rate change
Credit availability tightening as CCCFA changes, rising interest rates and Omicron bite, Centrix reports
2nd Mar 22, 7:12pm
20
Credit availability tightening as CCCFA changes, rising interest rates and Omicron bite, Centrix reports
OCR to be kept at an 'expansionary level for a considerable period', with the RBNZ Governor sticking to his line that the next move could be 'up or down'
27th Sep 18, 9:08am
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OCR to be kept at an 'expansionary level for a considerable period', with the RBNZ Governor sticking to his line that the next move could be 'up or down'
Lee Jong-Wha says that after supporting economies during the global economic crisis, now the global recovery gains momentum, the time has come to begin tightening monetary policy
24th Jan 18, 8:42am
Lee Jong-Wha says that after supporting economies during the global economic crisis, now the global recovery gains momentum, the time has come to begin tightening monetary policy
Peters says NZ First will go into coalition with the Labour Party to turn around New Zealand capitalism in the face of economic slump which is already here: Arden says 'it's an exciting day'
19th Oct 17, 7:04pm
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Peters says NZ First will go into coalition with the Labour Party to turn around New Zealand capitalism in the face of economic slump which is already here: Arden says 'it's an exciting day'
Flat prices in June quarter bring annual inflation rate back to 1.7% as cheaper petrol, domestic airfares offset rising rent, food and electricity prices
18th Jul 17, 10:55am
27
Flat prices in June quarter bring annual inflation rate back to 1.7% as cheaper petrol, domestic airfares offset rising rent, food and electricity prices
Mind the output gap: The Reserve Bank wants us to take note of its capacity pressure risk scenarios. Don't look away - inflation, wages and mortgage rates might rise earlier than expected
20th May 17, 9:48am
50
Mind the output gap: The Reserve Bank wants us to take note of its capacity pressure risk scenarios. Don't look away - inflation, wages and mortgage rates might rise earlier than expected
CPI inflation of 2.2% in year to March beats expectations, with housing-related and transport prices on top of cigarette tax rise driving it
20th Apr 17, 10:59am
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CPI inflation of 2.2% in year to March beats expectations, with housing-related and transport prices on top of cigarette tax rise driving it
Labour's monetary policy employment target met by questions on how to measure success (NAIRU?) and whether people will continue to trust the Reserve Bank. Time Inconsistency anyone?
11th Apr 17, 7:38am
11
Labour's monetary policy employment target met by questions on how to measure success (NAIRU?) and whether people will continue to trust the Reserve Bank. Time Inconsistency anyone?
No possibility of govt legislating before election for 'technical' changes to Reserve Bank operations stemming from Treasury review, PM English says; Joyce requests review on OCR committee, Bank legislation overview
10th Apr 17, 4:36pm
4
No possibility of govt legislating before election for 'technical' changes to Reserve Bank operations stemming from Treasury review, PM English says; Joyce requests review on OCR committee, Bank legislation overview
Labour formally announces monetary policy 'full employment' mandate alongside price stability for Reserve Bank; New OCR-setting committee would allow Treasury input but no vote alongside RBNZ Governors and three externals
10th Apr 17, 5:27am
11
Labour formally announces monetary policy 'full employment' mandate alongside price stability for Reserve Bank; New OCR-setting committee would allow Treasury input but no vote alongside RBNZ Governors and three externals