RESERVE-BANK-OF-NZ

RBNZ Ups OCR 50bps to 3.0%; Highlights Broad-Based Pricing Pressu...

By Sophia Rodrigues

(Sydney, August 17, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 50 basis points to 3.0% and reiterated its hawkish message by bringing forward the timing of further OCR increases.

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RESERVE-BANK-OF-NZ, 17 Aug 2022, 12:37 PM
RBNZ Governor Orr Admits MonPol Decisions Contributed To High Inf...

By Sophia Rodrigues

(Sydney, July 26, 2022)—The Reserve Bank of New Zealand governor Adrian Orr has acknowledged its monetary policy decisions have contributed to elevated inflation which is well above the remit target range of 1%...

RESERVE-BANK-OF-NZ, 26 Jul 2022, 02:36 PM
RBNZ Ups OCR 50bps To 1.5%; More Hikes To Come

By Sophia Rodrigues

(Sydney, April 13, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 50 basis points to 1.5%, becoming the first developed-country central bank to deliver a larger hike in the current global...

RESERVE-BANK-OF-NZ, 13 Apr 2022, 12:53 PM
RBNZ Ups OCR 25bps to 1.0%, Issues Projection For Higher Peak

By Sophia Rodrigues

--Raises OCR 25bps to 1%
--Sees OCR at 2.2% in Dec (up from 2.1%)
--Sees OCR at 3.3% in Dec 2023 (up from 2.6%)
--Sees OCR at 3.4% in March 2025 (previously 2.6% Dec 2024)
--Will not reinve...

RESERVE-BANK-OF-NZ, 23 Feb 2022, 12:33 PM
RBNZ Ups OCR By 25bps; Raises OCR Forecast Track To 2.6% From 2.1...

By Sophia Rodrigues

(Sydney, November 24, 2021)—The Reserve Bank of New Zealand raised the official cash rate for the second meeting in a row, taking the rate to 0.75%, saying higher interest rates are needed to maintain price stab...

RESERVE-BANK-OF-NZ, 24 Nov 2021, 12:45 PM
RBNZ Orr: Global Rates Bigger Driver Of High NZ House Prices, Not...

By Sophia Rodrigues

(Sydney, November 2, 2021)—The secular decline in global interest rates has played a bigger part in rise in New Zealand house prices, rather than the official cash rate, Reserve Bank of New Zealand Governor Adri...

RESERVE-BANK-OF-NZ, 02 Nov 2021, 07:59 AM