News
Reserve Bank aiming to avoid "unnecessary volatility" in efforts to reduce inflation
1+ hour, 43+ min ago (92+ words) The Reserve Bank Governor doesn't want to hinder New Zealand's economic recovery any more than she needs to." Anna Breman has confirmed the first OCR hike in more than three years " lifting it from 2. 25% to 2. 5%." Former Governor Adrian Orr was…...
'Helps everyone': RBNZ Governor explains why OCR hike necessary
16+ hour, 30+ min ago (79+ words) The Reserve Bank Governor says Kiwis will ultimately benefit from today's OCR hike - the first in more than three years. The cash rate has been raised to 2. 5 percent. Governor Anna Breman says inflation's been eating up household budgets. She says…...
Explained: Did the markets price in today's OCR increase?
14+ hour, 58+ min ago (58+ words) Newstalk ZB Follow the podcast on The OCR has been increased for the first time in three years, and it's prompted a divided response among experts. The Monetary Policy Committee's unanimously agreed to raise the cash rate to 2. 5 percent. Milford…...
Perspective with Heather du Plessis-Allan: Anna Breman delivered a refreshingly boring OCR update
15+ hour, 23+ min ago (344+ words) The Official Cash Rate has gone up by 25 basis points. This is the first rise we've seen in three years. It was unanimous around the committee table that it needed to happen because of inflation. Even though petrol and diesel…...
Barry Soper: What will today's OCR increase do for interest rates?
16+ hour, 35+ min ago (85+ words) Newstalk ZB The Reserve Bank moved to increase the OCR, prompting concern from some over what it could mean for the economy. The central bank raised the cash rate to 2. 5 percent - the first hike in more than three years. Some…...
'The right balance': Expert explains why RBNZ increased OCR
19+ hour, 19+ min ago (90+ words) Newstalk ZB Follow the podcast on The Reserve Bank has lifted the Official Cash Rate for the first time in more than three years. It's raised the OCR 25 basis points to 2. 5 percent. The Monetary Policy Committee's six members all agreed…...
Economists spilt over whether OCR will rise or stay put
1+ day, 3+ hour ago (90+ words) There's division over whether the Official Cash Rate will be hiked or hold steady at 2. 25 percent." ANZ and BNZ are both picking it will be raised by 25 points." NZIER is expecting the Reserve Bank's board to be split and for…...
'Already priced in': BNZ "reasonably confident" Official Cash Rate will rise
1+ day, 1+ hour ago (86+ words) It's thought another split vote could be on the cards for today's OCR decision. " The Reserve Bank will announce its decision at 2pm. " BNZ Head of Research Stephen Toplis expects a 25 basis point increase, taking it from 2. 25% to 2. 5%. " He told Mike…...
'Still be tight': ASB Chief Economist predicts another close vote for OCR decision
3+ day, 47+ min ago (81+ words) Newstalk ZB Follow the podcast on ASB's latest outlook says New Zealand's economic recovery is back on track. Inflation is expected to hit 4. 1% in Q2, but the bank says the overall economic picture as "markedly improved". ASB Chief Economist Nick Tuffley…...
House prices continuing to slip, latest data shows
6+ day, 21+ hour ago (97+ words) House prices still seem to be going in the wrong direction." Cotality's latest Home Value Index shows the national median fell 0. 2% in June." Average values are down 0. 8% for the previous quarter, 0. 9% year on year, and 17. 5% on the early 2022 peak. " Real…...