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Reserve Bank of New Zealand (RBNZ)



(RBNZ) RBNZ Raises OCR to 3.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jul 24 14 02:52 GMT
The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand's economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility. Economic growth among New Zealand's trading partners has eased slightly in the first half of 2014, but this appears to be due to temporary factors.
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(RBNZ) RBNZ Raises OCR to 3.25 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jun 12 14 02:25 GMT
The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. Global financial conditions remain very accommodative and are reflected in low long-term interest rates and narrow risk spreads. Economic growth among New Zealand's trading partners is gradually improving and global inflation remains low.
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Reserve Bank Raises OCR to 3 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Apr 24 14 00:55 GMT
The Reserve Bank today increased the OCR by 25 basis points to 3 percent. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Growth is gradually increasing in New Zealand's trading partners, but inflation in those economies remains low. Global financial conditions continue to be very accommodating.
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Reserve Bank Raises OCR to 2.75 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Mar 13 14 02:48 GMT
The Reserve Bank today increased the OCR by 25 basis points to 2.75 percent. New Zealand's economic expansion has considerable momentum, and growth is becoming more broad-based. GDP is estimated to have grown by 3.3 percent in the year to March. Growth is gradually increasing in New Zealand's trading partners. However, improvements in major economies have required exceptional support from monetary policy. Global financial conditions continue to be very accommodating, with bond yields in most advanced countries low and equity markets performing strongly.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jan 29 14 20:03 GMT
New Zealand's economic expansion has considerable momentum. Prices for New Zealand's export commodities remain very high, especially for dairy products. Consumer and business confidence are strong and the rapid rise in net inward migration over the past year has added to consumption and housing demand. Construction activity is being lifted by the Canterbury rebuild and by work in Auckland to address the housing shortage. Continued fiscal consolidation will partly offset the strength in demand. GDP grew by 3.5 percent in the year to September, and growth is expected to continue around this rate over the coming year.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Dec 12 13 01:08 GMT
The Reserve Bank today left the Official Cash Rate unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "Growth remains moderate but mixed for New Zealand's main trading partners. Nevertheless, export prices for New Zealand's main commodities, and especially dairy produce, have continued to increase.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Oct 31 13 00:36 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "The recovery in the United States and other major advanced economies remains patchy. Nevertheless, world prices for New Zealand’s export commodities are very high. "Global long-term interest rates are still very low, but have been volatile recently. This volatility has largely been due to uncertainty as to when the Federal Reserve will exit from quantitative easing.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Sep 12 13 01:50 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "The global outlook remains mixed. GDP growth in Australia and China has slowed and some emerging market currencies have come under considerable downward pressure. At the same time, the major developed economies continue to recover and New Zealand's export commodity prices remain very high.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jul 25 13 02:08 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "The global outlook remains mixed, with the euro area still in recession and signs of slower growth in China and Australia, but more positive recent indicators in the United States and Japan. Global debt markets have become more cautious due to uncertainty around the Federal Reserve’s anticipated exit from quantitative easing.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jun 13 13 02:50 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: The global outlook remains mixed with disappointing data in Europe and some other countries, and more positive indicators in the United States and Japan. Global financial sentiment continues to be buoyant and the medium term outlook for New Zealand’s main trading partners remains firm.
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