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.
RBNZ
Financial system more resilient but still facing volatility
Along with the release of the RBNZ May 2011 Financial Stability Report, Alan Bollard the Reserve Bank Governor announces that the financial system is better positioned to support economic growth however it still faces an uncertain environment.
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.
Reserve Bank submission to Savings Working Group
The Reserve Bank of New Zealand (RBNZ) release a submission to the Government’s Savings Working Group.
RBNZ Bank Disclosure Review Finalised
The Reserve Bank of New Zealand finalises the main policy decisions in its review of disclosure requirements for registered banks achieving better information and less compliance costs.