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 >>
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 >>
OCR on hold until March: Economists Benign inflation data, the still strong currency and the fragile global economy are likely to offset any concerns Reserve Bank Alan Bollard might have about the stronger than expected domestic growth data for the March quarter and rising house prices. 23-07-2012 more >>
Bollard keeps rates on hold; OCR cut an outside chance Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance. 14-06-2012 more >>
OCR to stay low: Poll Alan Bollard won’t be raising the official cash rate this Thursday, according to a poll of Landlords.co.nz and Property Investor magazine readers. 11-06-2012 more >>
No housing bubble: REINZ House prices that are as high as they have ever been in some areas should not be seen as a sign that another property boom is looming, the Real Estate Institute of New Zealand says. 29-05-2012 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 likely to keep interest rates on hold this week Continuing turmoil in global financial markets is likely to stay Reserve Bank governor Alan Bollard's hand on Thursday but the big question is how long will it keep him on hold. 12-09-2011 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 >>
