Mon, Apr 19, 2021 @ 16:59 GMT
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Reserve Bank of New Zealand

(RBNZ) Monetary Stimulus Continued

Tēnā koutou katoa, The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending...

(RBNZ) Prolonged Monetary Stimulus Necessary

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase (LSAP) Programme...

(RBNZ) More Monetary Stimulus Provided

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to provide additional monetary stimulus to the economy in order to meet its consumer price inflation and employment remit. The Committee agreed that the additional stimulus would be provided through a Funding for Lending Programme (FLP), commencing in December. The...

(RBNZ) Prolonged Monetary Support Necessary

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) Programme up to $100 billion. This action is necessary to further lower household and business borrowing rates in order to achieve the Committee's inflation and employment remit. The Official Cash Rate...

(RBNZ) Further Easing in Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain the same and the Official Cash Rate (OCR) is...

(RBNZ) Monetary Policy Easing to Continue

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set at $60 billion. The assets included are New Zealand Government Bonds, Local Government Funding Agency...

(RBNZ) Large Scale Asset Purchases Expanded

Tēnā koutou katoa, welcome all. The Monetary Policy Committee has agreed to significantly expand the Large Scale Asset Purchase (LSAP) programme potential to $60 billion, up from the previous $33 billion limit. The LSAP programme includes NZ Government Bonds, Local Government Funding Agency Bonds and, now, NZ Government Inflation-Indexed Bonds. The...

(RBNZ) RBNZ to Implement $30bn Large Scale Asset Purchase Programme of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee agreed that further monetary stimulus is needed to meet its inflation and employment objectives. Globally, the...

(RBNZ) OCR Reduced to 0.25 Percent for Next 12 Months

The Official Cash Rate (OCR) is 0.25 percent, reduced from 1.0 percent, and will remain at this level for at least the next 12 months. The negative economic implications of the COVID-19 virus continue to rise warranting further monetary stimulus. Since the outbreak of the virus, global trade, travel, and business...

(RBNZ) Official Cash Rate Unchanged at 1 Percent

Tēnā koutou katoa, welcome all. The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. Low interest rates remain necessary...

(RBNZ) Official Cash Rate Unchanged at 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range. Economic developments since the August Statement do not warrant a change to...

(RBNZ) Official Cash Rate Unchanged at 1 Percent

The Official Cash Rate (OCR) remains at 1.0 percent. The Monetary Policy Committee agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook. Employment is around its maximum sustainable level, and inflation remains within our target range but below the 2...

(RBNZ) Official Cash Rate Reduced to 1 percent

Tēnā koutou katoa, welcome all. The Official Cash Rate (OCR) is reduced to 1.0 percent. The Monetary Policy Committee agreed that a lower OCR is necessary to continue to meet its employment and inflation objectives. Employment is around its maximum sustainable level, while inflation remains within our target range but below...

(RBNZ) Official Cash Rate Unchanged at 1.50 Percent

The Official Cash Rate (OCR) remains at 1.5 percent. Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives. Domestic growth has slowed over the past year. While construction activity strengthened in...

(RBNZ) Official Cash Rate Reduced to 1.5 Percent

Tena koutou katoa, welcome all. The Official Cash Rate (OCR) has been reduced to 1.5 percent. The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit. Global economic growth has slowed since mid-2018, easing demand for New Zealand's goods...

(RBNZ) Official Cash Rate Unchanged at 1.75 Percent

The Official Cash Rate (OCR) remains at 1.75 percent. Given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down. Employment is near its maximum sustainable level. However, core consumer price inflation remains below our 2 percent target...

(RBNZ) Official Cash Rate Unchanged at 1.75 Percent

Tena koutou katoa, welcome all. The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and 2020. The direction of our next OCR move could be up or down. Employment is near its maximum sustainable level. However, core consumer price inflation...

(RBNZ) Official Cash Rate Unchanged at 1.75 Percent

Tena koutou katoa, welcome all. The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. There are both upside and downside risks to our growth and inflation projections. As always, the timing and direction of any future OCR...

(RBNZ) Official Cash Rate unchanged at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down. Employment is around its sustainable level and consumer price inflation...

(RBNZ) Official Cash Rate unchanged at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr: Tena koutou katoa, welcome all. The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020, longer than we projected in our May Statement. The direction of our next OCR move could be...

(RBNZ) Official Cash Rate unchanged at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr: Tena koutou katoa, welcome all. The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction – up or down – as necessary. Our outlook for the New Zealand economy, as detailed in...

(RBNZ) Official Cash Rate unchanged at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr: Tena koutou, katoa, welcome all. The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come. The direction of our next move is equally balanced, up or down. Only time and events will tell. Economic growth and employment in New Zealand...

(RBNZ) Statement by Reserve Bank Governor Grant Spencer

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. The outlook for global growth continues to gradually improve. While global inflation remains subdued, there are some signs of emerging pressures. Commodity prices have continued to increase and agricultural prices are picking up. Equity markets have...

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

Global economic growth continues to improve. While global inflation remains subdued, there are some signs of emerging pressures. Commodity prices have increased, although agricultural prices are relatively soft. International bond yields have increased since November but remain relatively low. Equity markets have been strong, although volatility has increased recently. Monetary policy remains easy in the advanced economies but is gradually becoming less stimulatory.

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

Global economic growth continues to improve, although inflation and wage outcomes remain subdued. Commodity prices are relatively stable. Bond yields and credit spreads remain low and equity prices are near record levels. Monetary policy remains easy in the advanced economies but is gradually becoming less stimulatory.

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

Global economic growth has continued to improve in recent quarters. However, inflation and wage outcomes remain subdued across the advanced economies and challenges remain with on-going surplus capacity. Bond yields are low, credit spreads have narrowed and equity prices are near record levels. Monetary policy is expected to remain stimulatory in the advanced economies, but less so going forward.

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has become more broad-based in recent quarters. However, inflation and wage outcomes remain subdued across the advanced economies, and challenges remain with on-going surplus capacity. Bond yields are low, credit spreads have narrowed and equity prices are at record levels. Monetary policy is expected to remain stimulatory in the advanced economies, but less so going forward.

(RBNZ) Official Cash Rate Unchanged at 1.75 Percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty.

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based over recent months. However, major challenges remain with on-going surplus capacity and extensive political uncertainty.

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Macroeconomic indicators in advanced economies have been positive over the past two months. However, major challenges remain with on-going surplus capacity in the global economy and extensive geo-political uncertainty.