The Reserve Bank reduced the official cashrate by 25 basis points to 1.5% today.
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.”
City Sales auction – 1 sells out of 3, Reserve Bank holds, First apartment sells at Bayleys auction
The Reserve Bank of NZ received the initiative of the year award in London last night for its bank financial strength dashboard.
The Reserve Bank went out to consultation on Friday on a proposal for bank owners to lift their shareholding stakes – their capital ratio – and thereby bear a greater share of the financial system’s risks.
The Reserve Bank kept the official cashrate at 1.75% yesterday, and governor Adrian Orr said: “We expect to keep the rate at this level through 2019 & into 2020.”