New Zealand monetary policy

Reserve Bank of New Zealand Engineers a Fourth Interest Rate Hike, Then Declares a Pause

July 24, 2014

As it had done at the three previous meetings, the RBNZ lifted New Zealand’s Official Cash Rate by 25 basis points.  The new 3.5% level compares with 2.5% during the three years to mid-March, and now it is time to put policy on pause for “a period of assessment before interest rates adjust further towards […] More

New Zealand Monetary Policy Announcement

June 13, 2013

We expect to keep the OCR unchanged through the end of the year. So concludes the latest statement on monetary policy from the Reserve Bank of New Zealand.  The Official Cash Rate has been at 2.5% since a 50-basis point cut in March 2011 that was implemented soon after a devastating earthquake on the South […] More

Reserve Bank of New Zealand Keeps 2.5% Official Cash Rate

October 24, 2012

For the 22nd time in the last 25 interest rate policy meetings dating back to June 2009, the RBNZ’s Official Cash Rate was left unchanged at 2.5%.  The three exceptions were two hikes of 25 bps administered in June and July of 2010 and a post-earthquake cut of 50 bps in March 2011.  2.5% matches […] More