The Official Cash Rate, a driver of home loan floating interest rates, was left unchanged today. The statement that accompanies the announcement stated “As previously indicated, we expect to begin…
The Official Cash Rate, a driver of home loan floating interest rates, was left unchanged today. The statement that accompanies the announcement stated “As previously indicated, we expect to begin…
In leaving the OCR unchanged today Alan Bollard had the following to say... “Higher bank funding costs have reduced the level of stimulus that would normally be associated with any…
Alan Bollard left the Official Cash Rate unchanged this morning. He commented as follows.. ""If the economy continues to recover, conditions may support beginning to remove monetary stimulus around the…
The OCR was left unchanged at 2.50% today. The Reserve Bank Governor went on the attack in an attempt to hammer down the NZ dollar and to press interest rate…
The Reserve Bank today left the Official Cash Rate unchanged at 2.50%. The Governor reiterated earlier comments around a desire to keep it at or below this level through to the…
Alan Bollard left the OCR, the level of wholesale overnight interest rates,unchanged at his announcement last Thursday. His main comments were in relation to the $NZ and he has left…
Last weeks Official Cash Rate review resulted in no change. Dr Bollard commented “We have cut the OCR by a large amount over the year. We expect the effects to…
The Official Cash Rate was cut by 50 basis points last Thursday to 2.50%. To date the only Bank movement on home loan interest rates that we have seen is Westpac's cut…
The Reserve Bank announced a further cut to the OCR of 0.50% taking us down to 3%. Further good news for those with mortgages. We noted 2 months ago the…
The cut today of 1.50% has followed on from the 1.50% cut made in December. The Reserve Bank has moved rapidly to lower borrowing costs. Westpac responded immediately and their…