Posts Tagged ‘OCR’
Completely Wrong »
The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 2.5 percent but indicated it may cut again. It's the first time in nine reviews of official interest rates dating back to June last year that the central bank hasn't cut the OCR. Reserve Bank governor Alan Bollard said today although the economic outlook remained weak both [...]
Good News Thursday »
"We expect to keep the OCR at or below the current level through until the latter part of 2010. The OCR could still move modestly lower over the coming quarters." - Alan Bollard "Dwelling consent numbers fell in seasonally adjusted terms in March, with the number issued last month 30.4 percent lower than a year earlier. Statistics New Zealand [...]
Banks Profit While Others Suffer. »
The following article is produced from the NZX site. Remember this is just my opinion and not that of Professional Investment Services (powered by Financial Gain), I am just one of the many people who make up the group (see more here at our main site www.nzpis.com ) The article talks about the profit made by the BNZ and NAB yet other commentary [...]
Interest rate cuts »
Australia's official interest rates have been cut to 3 percent from 3.25 percent. This is a move from the last meeting where the RBA didn't cut at all and is probably a good indicator of what will occur when our Reserve Bank meets. I still think another .5% will come off our OCR and I am wondering what all the corporate raisings will do to the [...]
Fantastic Drop »
The Reserve Bank yesterday reduced the official cash rate (OCR) by 150 basis points to 3.5%. Kiwibank was the first bank to reduce its rates with Westpac following closely behind. At the end of day all the other major banks had followed suite and made reductions to rates across the board, some passing on up to 100 basis points or more. All the [...]
