OCR stays at 5.5% The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.
Interest rates are constraining economic activity and reducing inflationary pressure as required. 04-10-2023 more >>
The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%. The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment. 24-05-2023 more >>
Official Cash Rate increases from 4.75% to 5.25% today The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.
The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. Inflation is still too high and persistent, and employment is beyond its maximum sustainable level. 05-04-2023 more >>
No house price bubble on horizon, says Reserve Bank In its Financial Stability report the Bank notes that housing market activity has been subdued over the last five years but has recently returned to more normal levels of activity, largely due to lower interest rates. 09-05-2012 more >>
