Reserve Bank Cuts Official Cash Rate to 3%

One OCR, two economies: why yesterday’s rate cut may not be enough

The government is hailing the latest cut as proof of recovery, but uneven growth is keeping the economy stuck in low gear, writes Catherine McGregor in today’s extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. The ‘bob each way’ OCR cut The Reserve Bank yesterday trimmed the official cash rate (OCR) from 3.25% to 3%, while signalling that two more are likely by the end of the year. The bank’s Monetary Policy …

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Global bond funds making so-called steepening trades just got a helping hand from the Reserve Bank of New Zealand.

Ignore the ‘merchants of misery’ - things are going to get better, Willis says after OCR cut

If optimism could solve New Zealand’s economic woes, then Finance Minister Nicola Willis would be well on the way to that solution.

Falling Interest Rates Good For Growth And Jobs

The Reserve Bank announced today that it was reducing the Official Cash Rate (OCR) from 3.25 to 3 per cent and signalled two further reductions this year.

Reserve Bank cuts Official Cash Rate cut to 3 percent

The Reserve Bank has cut the the Official Cash Rate by 25 basis points to a three-year low of 3 percent, as expected.

Reserve Bank cuts Official Cash Rate to 3%

The cut of 25bps comes after NZ’s economic recovery stalled in the second quarter.