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.
Reserve Bank of New Zealand
Reserve Bank of New Zealand Press Releases, New Zealand
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.
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.
Disclosure review to reduce compliance costs
RBNZ Deputy Governor Grant Spencer invites submissions on proposals to change the disclosure regime for registered banks to reduce compliance costs.
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 SOI shows commitment to stability
Reserver Bank Governor Alan Bollard says that the RBNZ’s Statement of Intent 2010 – 2013 shows a commitment to maximising the RBNZ’s contribution to sustainable economic growth through financial and price stability.
Balancing New Zealand's economic recovery
Dr Allan Bollard of the Reserve Bank of New Zealand (RBNZ) addresses the Wellington Chamber of Commerce on the action New Zealand needs to take to address imbalances.
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.
OCR unchanged at 2.5 percent
The Reserve Bank hold the Official Cash Rate of New Zealand at 2.5% with Reserve Bank Governer Allan Bollard predicting a pick-up in growth further through 2010 for the NZ economy.