First OCR cut in four years!
The Reserve Bank has reduced the official cash rate by 25 basis points, marking the first cut in over four years. This decision comes as the central bank observes cooling…
What to Expect from Next Week’s Official Cash Rate Announcement
The Reserve Bank of New Zealand (RBNZ) will announce its next decision on the Official Cash Rate (OCR) next week. Economists have various predictions and expectations, which could have significant…
ANZ Economists Predict Lower House Prices Despite Expected Interest Rate Cuts
ANZ’s economists believe the Reserve Bank will cut interest rates sooner rather than later, but they also say that house prices will stay weak for now. In their latest NZ…
What Inflation Data Means for Interest Rates and Mortgages
In the June quarter, inflation in New Zealand fell more than the Reserve Bank of New Zealand (RBNZ) had anticipated, which could prompt official cash rate (OCR) cuts as early…
OCR unchanged at 5.5% Amid Stubborn Inflation Concerns
In a highly anticipated move, the Reserve Bank of New Zealand has opted to keep the official cash rate steady at 5.5 percent, signalling a cautious stance amidst persistently stubborn…