new zealand

Interest Rates in New Zealand now at 3.5%

New Zealand's Reserve Bank has cut the official interest rate by 1.5 percentage points on Thursday.

Related Topics:

New Zealand axed official interest rate by 1.5%

New Zealand's Reserve Bank (NZRB) has cut the Official Cash Rate (OCR) by 1.5% today - the biggest single cut in the nation's history. The move, the fourth cut since July, took the official cash rate to 5.0%, the lowest since December 2003.

Related Topics:

Reserve Bank of New Zealand has cut official interest rates

Reserve Bank of New Zealand has cut official interest rates by a quarter of one per cent, to eight per cent - the first drop in five years.

The bank says the cut is justified by a rapidly slowing New Zealand economy, despite strong inflationary pressures which is expected around 5% in the September quarter.

Related Topics:

Compare Products