The Reserve Bank of Australia cut its cashrate by 25 basis points to 1% today, a repeat of its decision on 4 June.
The Reserve Bank of Australia cut its cashrate by 25 basis points today to 1.25%.
The Reserve Bank reduced the official cashrate by 25 basis points to 1.5% today.
ANZ Bank NZ Ltd introduced a new factor to its lending policy today – a discount for lifting the construction standard.
The Reserve Bank held the official cashrate at 1.75% today, and governor Adrian Orr said: “Given the weaker global economic outlook & reduced momentum in domestic spending, the more likely direction of our next OCR move is down.”
Reserve Bank governor Adrian Orr’s unsurprising announcement today that the official cashrate would stay at 1.75% told me this: