OCR static at 2.5 percent
Economic activity is considered to have improved following the previous OCR statement from Alan Bollard, Reserve Bank Governor as the OCR is maintained at 2.5 percent.
OCR
OCR remains at 2.5 percent
The OCR remains unchanged at 2.5 percent with the RBNZ Governor describing the outlook as “uncertain” following the Christchurch earthquake.
OCR is reduced 50 basis points to 2.5 percent
The New Zealand Reserve Bank announce that the OCR (Official Cash Rate) is today being reduced by 50 points to 2.5 percent.
OCR remains unchanged at 3.0 percent
Alan Bollard, Reserve Bank Governor says interest rates are projected to rise to a more limited extend for the next two years in comparison to that signalled in the September release.
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.
2011 OCR Dates
The Reserve Bank of New Zealand (RBNZ) releases the 2011 Official Case Rate (OCR), Monetary Policy Statement (MPS) and Financial Stability Reporting (FSR) dates. Provisional 2012 dates for the first six monts are also included for the first time to help with financial market planning.
Reserve Bank raises OCR to 3.0 percent
Alan Bollard, Reserve Bank Governor of New Zealand announces an increase of the New Zealand OCR by 25 basis points to 3.0 percent.
Reserve Bank raises OCR to 2.75 percent
Reserve Bank Governor Allan Bollard raises the OCR to 2.75 percent saying that the economy has entered its second year of recovery with growth becoming more broad-based.