-
OCR cut to 2.5pct, more reductions unlikely
The Reserve Bank has given homeowners an early Christmas present by reducing the Official Cash Rate (OCR) from 2.75 to 2.5 percent. This is the fourth interest rate cut this year and it's the lowest the OCR has ever been set to since it was introduced in 1999. Governor Graeme Wheeler is putting the cut down to below average economic growth and low inflation. "Growth in the New Zealand economy has softened over 2015, due mainly to lower terms of trade." "Combined with the increases in the labour supply from strong net immigration, the slowdown has seen an increase in spare capacity and unemployment," ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 9, 2015 4:07pm Dec 9, 2015 4:07pm
- missH
- | Joined Jan 2010 | Status: Member | 24 Comments
- Comment #2
- Quote
- Dec 9, 2015 4:25pm Dec 9, 2015 4:25pm
- plexyroad
- | Commercial Member | Joined Jun 2013 | 66 Comments
- Comment #3
- Quote
- Dec 9, 2015 4:46pm Dec 9, 2015 4:46pm
- plexyroad
- | Commercial Member | Joined Jun 2013 | 66 Comments
- Comment #4
- Quote
- Dec 9, 2015 5:09pm Dec 9, 2015 5:09pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #5
- Quote
- Dec 9, 2015 5:34pm Dec 9, 2015 5:34pm
- wildbill2u
- | Joined Oct 2007 | Status: Member | 282 Comments
- Comment #6
- Quote
- Dec 9, 2015 5:51pm Dec 9, 2015 5:51pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #7
- Quote
- Dec 9, 2015 5:52pm Dec 9, 2015 5:52pm
- CoolJL
- | Joined May 2011 | Status: Member | 811 Comments
- Comment #8
- Quote
- Dec 9, 2015 7:25pm Dec 9, 2015 7:25pm
- Guest
- | IP XXX.XXX.196.128
- Comment #9
- Quote
- Dec 10, 2015 2:20am Dec 10, 2015 2:20am
- naigoreip
- | Joined Jan 2011 | Status: Member | 161 Comments