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Reserve Bank of New Zealand
OCR Reduced to 2.5 Percent
By Reserve Bank of New Zealand - Apr 29, 2009
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent.Reserve Bank Governor Alan Bollard said: "Overall, developments since March point to lower medium-term...
OCR Reduced to 3 Percent
By Reserve Bank of New Zealand - Mar 11, 2009
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 3 percent.Reserve Bank Governor Alan Bollard said: "The world economy deteriorated very rapidly late last year, amid...
OCR Reduced to 3.5 Percent
By Reserve Bank of New Zealand - Jan 29, 2009
The Reserve Bank today reduced the Official Cash Rate (OCR) from 5.0 percent to 3.5 percent.Reserve Bank Governor Alan Bollard commented that “the news coming from our trading partners is very...
OCR Reduced to 5.0 Percent
By Reserve Bank of New Zealand - Dec 04, 2008
The Reserve Bank today reduced the Official Cash Rate (OCR) from 6.5 percent to 5.0 percent.Reserve Bank Governor Alan Bollard commented that "ongoing financial market turmoil and the marked...
OCR reduced to 6.5 percent
By Reserve Bank of New Zealand - Oct 22, 2008
The Reserve Bank today reduced the Official Cash Rate (OCR) from 7.5 percent to 6.5 percent.Reserve Bank Governor Alan Bollard commented that "ongoing financial market turmoil and a deteriorating...
OCR reduced to 7.5 percent
By Reserve Bank of New Zealand - Sep 11, 2008
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points from 8.0 percent to 7.5 percent.Reserve Bank Governor Alan Bollard said: “The New Zealand economy is experiencing a...
OCR Reduced to 8.0 Percent
By Reserve Bank of New Zealand - Jul 24, 2008
The Reserve Bank today reduced the Official Cash Rate (OCR) from 8.25 percent to 8.0 percent.Reserve Bank Governor Alan Bollard commented that "more unpleasant international news has emerged since the...
The Official Cash Rate (OCR) Remains Unchanged at 8.25 Percent
By Reserve Bank of New Zealand - Jun 04, 2008
Reserve Bank Governor Alan Bollard said: "The global economy is currently experiencing significant increases in oil and food prices. These price increases are occurring at the same time as activity is...
OCR Unchanged at 8.25 Percent
By Reserve Bank of New Zealand - Apr 24, 2008
The Official Cash Rate (OCR) will remain unchanged at 8.25 percent.Reserve Bank Governor Alan Bollard said: “Economic activity has weakened more markedly than expected in the Bank's March...
OCR Unchanged at 8.25 Percent
By Reserve Bank of New Zealand - Mar 06, 2008
The Official Cash Rate (OCR) will remain unchanged at 8.25 percent.Reserve Bank Governor Alan Bollard said: “The outlook for economic activity has deteriorated somewhat since we reviewed the OCR...