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Reserve Bank of New Zealand (RBNZ)



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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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Apr 24 13 02:39 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "The outlook for monetary policy remains consistent with that described in the March Monetary Policy Statement. "Despite continued strains in Europe and disappointing data in some countries most recently, global financial market sentiment remains buoyant and the medium-term outlook for New Zealand's overall trading partner GDP growth remains firm.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Mar 14 13 03:13 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: “The downside risks around global growth have receded in recent months, and financial market sentiment has improved.
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(RBNZ) OCR Unchanged at 2.5 Percent Print E-mail
RBNZ | Written by Reserve Bank of New Zealand | Jan 30 13 20:06 GMT
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Graeme Wheeler said: "Global growth is set to recover in 2013 with economic indicators improving in many of our trading partners. Consistent with this, global financial market sentiment is positive, contributing to lower bank funding costs and some reduction in interest rates faced by households and firms in New Zealand.
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