Official Cash Rate Archives - The Industry Spread

Official Cash Rate reduced to 1.5 percent

May 9, 2019

Monetary Policy Committee decided a lower official cash rate is necessary to support the outlook for employment and inflation consistent with its policy remit.

RBNZ: Official Cash Rate unchanged at 1.75 percent

March 27, 2019

The Official Cash Rate (OCR) remains at 1.75 percent. Given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down.