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Search ResultsShowing 1 - 10 of 20 results for "OCR"
Chief economist update: Beam us up Scotty
BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... allowed the horse to come to the water of cheap funding, I can't make it drink". And it's still not drinking after the OCR has been dropped by 175 basis points from 2.5% when Stevens made the statement to 0.75% currently. It's time for the ...
Chief economist update: Bonds do the limbo rock
BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... the OIA, Treasury suggests three non-standard measures would be available to the bank," it states. "The first is taking the OCR below zero" but not below negative 0.35%. "The RBNZ could also conduct large scale purchases of either government or corporate ...
Chief economist update: Expect an RBNZ rate cut
BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
... the RBNZ board thinks: "Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives" According to the policy statement: "Domestic growth has slowed over ...
Chief economist update: Same challenges, differing reactions
BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official Cash Rate (OCR) has been reduced to 1.5%." "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment ...
Chief economist update: Unchanged RBNZ stance would force it to change stance
BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... However, financial markets' didn't expect the RBNZ to retain its neutral stance on policy - "We expect to keep the OCR at this level through 2019 and 2020. The direction of our next OCR move could be up or down." Certainly not after its twin ...
Social media reacts to final Royal Commission hearings
HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
As the final round of Royal Commission hearings drew to a close this week, commentators took to twitter to have their say on the commission's outcomes, efforts of counsel assisting and performances of bank executives in the hot seat. #BankingRoyalCommision ...
RBNZ on ice into 2020
BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... at 1.75% -- where it had been since November 2016. Not only that, RBNZ governor Adrian Orr said in his statement that the OCR would remain at this level through 2019 and into 2020. And from there, it's anybody's guess; "The direction of our next ...
Chief economist update: Betting on down rather than up?
BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
"...the next move in the OCR could be up or down". This was a fair enough hedged bet from the Reserve Bank of New Zealand (RBNZ) - more like the oft-repeated statements from other central banks saying "the risks are evenly balanced" - but Governor Adrian ...
Chief economist update: New RBNZ Governor maintains old policy
BENJAMIN ONG  |  MONDAY, 14 MAY 2018
... 2016 quarter. Therefore, the fresh governor of the RBNZ's forward guidance is hardly surprising. "The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come." Ben Ong is the Director of Economics and Investments at Rainmaker Group. ...
Interest rates on ice
BENJAMIN ONG  |  WEDNESDAY, 4 OCT 2017
... (at 2%) between May 2015 and April 2016 but it's looking like it'll surpass the August 2013 to January 2015 period when the OCR was kept on ice at 2.5% for 18 months. Then again, monetary policy doesn't depend on calendar counts...but I digress. As is ...
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