
OCR tipped to rise by June
Economists are picking the Reserve Bank to start lifting the Official Cash Rate by at least the end of June.
Economists are picking the Reserve Bank to start lifting the Official Cash Rate by at least the end of June.
Reserve Bank Governor Alan Bollard has singled out tax reform as an important tool in tackling our economic challenges.
Alan Bollard has left the OCR unchanged at 2.5pc. The pick-up in economy may drive an early rate hike next year.
Interest rates have been left on hold by the Reserve Bank this morning.
Reserve Bank Governor Alan Bollard today gave himself wiggle room to raise the OCR earlier than previously indicated.
The Reserve Bank is expected to leave both its official cash rate and its message unchanged when it delivers its monetary policy statement on Thursday.
Official interest rates are likely to stay on hold next week, says Deutsche Bank economist Darren Gibbs.
Treasury released a paper yesterday arguing that cuts to Government spending would take pressure off interest rates and the dollar.
Labour leader Phil Goff announces the end of the political consensus around the policy targets and tools of the Reserve Bank.
Treasury has painted a bleak picture of an under-performing New Zealand economy and outlined some tough choices for the Government.