OCR is being held at 0.25 percent The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) Programme up to $100 billion. This action is necessary to further lower household and business borrowing rates in order to achieve the Committee’s inflation and employment remit. The Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. 24-09-2020 more >>
OCR being held at 0.25% Statement by the Reserve Bank Governor says that the Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain the same and the Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. 12-08-2020 more >>
OCR reduced to 0.25% The Official Cash Rate (OCR) is 0.25 percent, reduced from 1.0 percent, and will remain at this level for at least the next 12 months. The negative economic implications of the COVID-19 virus continue to rise warranting further monetary stimulus. 16-03-2020 more >>
Official Cash Rate (OCR) remains at 1.0 percent The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. Low interest rates remain necessary to keep employment and inflation around target. 12-02-2020 more >>
Official Cash Rate (OCR) unchanged at 1.00 percent The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range. Economic developments since the August Statement do not warrant a change to the already stimulatory monetary setting at this time. 13-11-2019 more >>
Official Cash Rate (OCR) unchanged at 1.75 percent Reserve Bank Governor says we expect to keep the OCR at this level through 2019 and 2020. He adds that the direction of our next OCR move could be up or down. 14-02-2019 more >>
The Official Cash Rate (OCR) remains at 1.75 percent. Statement by Reserve Bank Governor Adrian Orr: We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down. 27-09-2018 more >>
OCR remains at 1.75 percent Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction - up or down - as necessary. 28-06-2018 more >>
OCR remains unchanged at 1.75 percent The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based. Â However, major challenges remain with on-going surplus capacity and extensive political uncertainty. 23-06-2017 more >>
