OCR unchanged at 3.0 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.0 percent. Reserve Bank Governor Alan Bollard said: “While the global and domestic economies continue to recover, the outlook has weakened since our June Statement. We consider it appropriate at this point to keep the OCR on hold.

Tertiary Education Following Earthquake

Tertiary providers in Canterbury have been significantly impacted by the Canterbury Earthquake. At this stage CPIT and Lincoln University will reopen on Monday 13 September, Te Wananga o Aotearoa will reopen at the Moorhouse Avenue campus on Monday 13 September, and Canterbury University will reopen to students on Wednesday 15 September and will resume teaching on Monday 20 September.