About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, April 25th, 10:05AM
rss
Latest Headlines

RB leaves cash rate unchanged

Reserve Bank Governor Don Brash left the official cash rate (OCR) unchanged at 5.75% this morning as most economists had expected.

Wednesday, July 4th 2001, 9:47AM

by Jenny Ruth

Reserve Bank Governor Don Brash left the official cash rate (OCR) unchanged at 5.75% this morning as most economists had expected.

The world economy is weak. ``The short-term outlook for most of our trading partners is deteriorating, although there are better signs in Australia," he says.

"Investment in New Zealand has been relatively weak, but consumer spending has remained relatively robust," he says.

"Many inflation measures are still higher than is consistent with our target, but most of the recent signs suggest inflation will fall back into the target range over the next year or so," Brash says.

Brash says growth in the previous quarters was revised upwards, reducing the impact of the March quarter figure. The annual rate of 2.5% was actually slightly higher than the average market expectation and exactly in line with the central bank’s expectations.

Financial markets were little changed after the statement, 90-day bank bills unchanged at 5.8% and the September bank bill futures were also unchanged, implying an expected physical rate of 5.75%.

« New marketing programme drives record funds flowSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • FMA asks: What's your plan?
    “@brent: for that reason, we can safely bet fma will NEVER hire an ex-adviser for fear of exposing their poor understanding...”
    2 days ago by w k
  • Poor turnaround times hurt advisers
    “Once upon a time in the not too distant past, bank branch mangers approved all home loan apples including those of broker...”
    2 days ago by michaelb
  • Advocates let advisers get on with business of advising: Kelly
    “Great service from IA, I've used them to good effect when the need for good legal representation is required. This is where,...”
    2 days ago by RiskAdviser
  • FMA asks: What's your plan?
    “I look forward to an investigation report from the FMA on miss-selling by banks and other conflicted institutions (QFEs)...”
    2 days ago by R1
  • FMA asks: What's your plan?
    “Good points WK and Pragmatic. I was going to say that the fundamental lack of knowledge of retail advisory exhibited by...”
    2 days ago by Brent Sheather
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.74 5.99 5.99 6.29
ANZ Special - 5.49 5.39 5.79
ASB Bank 6.75 5.99 5.99 6.39
ASB Bank Special - 5.59 5.39 5.45
BankDirect 6.75 5.99 6.09 6.39
BankDirect Special - 5.59 5.39 ▼5.39
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Special - - - -
BNZ - Std, FlyBuys 6.74 5.49 5.39 5.55
BNZ - TotalMoney 6.74 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.39 5.69
HBS Special - 5.59 5.19 5.49
Heartland 6.70 7.00 7.25 7.85
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.70 5.70 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
HSBC Premier 6.84 5.65 5.65 5.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 ▼5.59 6.09 6.29
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank Special - - 5.39 ▼5.39
Liberty - - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.29
Perpetual Trust 7.70 - - -
Resimac 6.59 5.88 5.86 5.90
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.19 5.49
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.09 6.29
Sovereign Special - 5.59 5.39 ▼5.39
The Co-operative Bank 6.70 5.59 5.39 ▼5.49
Lender Flt 1yr 2yr 3yr
TSB Bank 6.74 5.70 5.70 6.00
TSB Special - - 5.35 5.60
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 5.99 5.99 5.99
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.39 5.89
Median 6.70 5.81 5.95 5.89

Last updated: 23 April 2015 9:40pm

News Quiz

How many offers have so far been listed on the Government's new Disclose website?

1

4

10

14

41

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com