In it’s August review, the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee announced that the Official Cash Rate (OCR) would be cut to 5.25 percent. According to the RBNZ announcement, the Monetary Policy Committee noted “that the weakening in domestic economic activity observed in the July Monetary Policy Review has become more pronounced […]

Insights Update: What’s Happening to Interest Rates? The consensus among market analysts and economists is that the Reserve Bank of New Zealand Official Cash Rate (OCR) will drop no later than November of this year, with a significant chance of an earlier reduction. Current market pricing indicates a 100% chance of an OCR cut by […]

July OCR Announcement – what you need to know… Today the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee announced that the Official Cash Rate (OCR) would remain at 5.5 percent. According to the RBNZ announcement, ‘restrictive monetary policy has significantly reduced consumer price inflation, with the Committee expecting headline inflation to return to […]

What You need to know… Today the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee announced that the Official Cash Rate (OCR) would remain at 5.50 percent with ongoing restrictive monetary policy settings still necessary to reduce inflation. Alongside many economic commentators, we are hopeful that as the current government takes action to rein […]