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Tag Archives: OCR

RBNZ’s Wheeler keeps OCR on hold, no rate hikes ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained after the statement. Governor …

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NZ dollar slips before US CPI as OCR review looms

The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world’s biggest economy may have accelerated enough to bring forward the timing of interest rate hikes. The kiwi traded at 86.74 US cents at 5pm in Wellington, from 86.89 cents at the start of the …

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RBNZ’s Wheeler keeps OCR at 2.5 percent , still focused on inflation

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent, as expected, saying monetary policy is still focused on future inflation and that he’s looking for any sign of more softening in prices. “The bank is closely monitoring indicators for any sign of further moderation and is …

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