Posts Tagged ‘reserve bank’
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 [...]
Unemployment Hits Six Year High »
Unemployment has hit a six-year high, according to official figures out today. Statistics New Zealand's household labour force survey for the March quarter shows that the number of jobless rose by 7000 to 115,000 during the period, with the unemployment rate increasing to 5 percent from 4.7 percent. However, the unemployment rate is much lower [...]
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 [...]
Repay Debt »
De-Leverage Syndrome Hits Kiwis By Nick Smith - The Independent 05/03/2009 The first signs of household ''de-leveraging'' have emerged as families spend less and pay down debt to cope with the recession. The latest Reserve Bank data shows the ratio of household debt to disposable income has fallen. In the March quarter it was 162.1%; in 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 [...]
Lower rates on the way »
Lower interest rates are on their way. Yes interest rates are already at very low levels, however with news from the states that they have now reduced their interest rates to the lowest levels in 30 years this would indicate that we will see another significant decrease in rates at the next reserve bank meeting. Professional Investment Services [...]
