September 26, 2019
The reduction in the OCR this year has reduced retail lending rates for households and businesses, and eased the New Zealand dollar exchange rate.
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.
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.