About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, December 8th, 3:20PM
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
  • Back to the novel for holiday reading
    “To be honest, I still lack consumer-level clarity about how a bank employee can reconcile client best interest (or whatever...”
    1 day ago by dcwhyte
  • Fee debate welcomed
    “The fees genie is out of the bottle. Well and truly. There are large parts of the industry in denial about this. ...”
    2 days ago by henry Filth
  • Back to the novel for holiday reading
    “@billy: nope. my feeling (also a small bizman): every opportunity being taken to dip into my pockets. ...”
    2 days ago by w k
  • Back to the novel for holiday reading
    “Just for the record Bureaucracy in NZ employs: - 2,500 policy analyst on an average salary of $90,000 - 5,000 govt...”
    2 days ago by blogger billy
  • Fee debate welcomed
    “It's sad to see otherwise worthy fund managers caching in credibility by latching onto SuperRatings to justify their business...”
    2 days ago by sam.stubbs@simplicity.kiw
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 5.59 4.75 4.95 5.15
ANZ Special - 4.25 4.45 -
ASB Bank 5.65 4.69 4.99 5.29
ASB Bank Special - 4.29 4.49 4.79
BankDirect 5.65 4.69 4.99 5.29
BankDirect Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.45 4.65
BNZ - Std, FlyBuys 5.64 4.85 4.95 5.15
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.75 ▲4.99
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 ▲4.39 ▲4.75
Liberty 5.69 - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.45 4.69 4.75 ▲5.00
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 ▲4.39 ▲4.75
Perpetual Trust 7.70 - - -
Resimac 5.19 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.29 4.35
Sovereign 5.75 4.69 4.99 5.29
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank 5.45 4.39 4.45 4.79
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.65 4.79 4.90 5.09
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 ▲4.39 ▲4.75
Median 5.65 4.69 4.75 4.95

Last updated: 7 December 2016 7:40am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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