News | Business
29 Feb 2024 11:21
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The Official Cash Rate is set for a sustained period, at least at its current level

    The Official Cash Rate is set for a sustained period, at least at its current level

    The Reserve Bank has held the OCR at 5.5 percent -- and its forecast track suggests no rate cuts on the horizon until mid-2025.

    Governor Adrian Orr warns if inflation pressures are stronger than anticipated, the rate would likely need to increase.

    He says demand growth has eased, but by less than expected over the first half of the year.

    Orr says the OCR will need to stay at a restrictive level so demand growth remains subdued, and inflation returns to the one to three percent target range.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     29 Feb: Concern around the advertising of retirement villages in New Zealand
     29 Feb: Wellington's Mayor has finally revealed key details about the city's Reading Cinema deal
     29 Feb: Increasing confidence from the Reserve Bank, that it almost has inflation under control
     29 Feb: This year is set to be harder than last year for many New Zealanders
     28 Feb: ANZ has admitted it got it's Official Cash Rate prediction wrong
     28 Feb: Rieko Ioane and Finlay Christie will miss the Blues' Super Round trip to Melbourne under All Blacks load management
     28 Feb: Wellington Mayor Tory Whanau disagrees with the local Labour Party for its opposition to selling the council's airport shares
     Top Stories

    All Blacks halfback Cam Roigard gets his first start of the season for the Hurricanes in their Super Round matchup against the Reds in Melbourne More...

    Concern around the advertising of retirement villages in New Zealand More...

     Today's News

    Kate Winslet struggled to deal with the pressure of her 'Titanic' success 11:20

    The internationals are dominating the top of the leaderboard early in the opening round of the New Zealand Golf Open at Millbrook Resort 11:07

    Law and Order:
    An Auckland man who killed his former boxing trainer - then tried to blame his friend - has been sentenced to life with a non-parole period of 17 years 11:07

    Joey Fatone wanted to reinvent himself after *NSYNC split up 10:50

    Australia vs New Zealand first Test day one live updates — blog, stats and scores from Basin Reserve 10:47

    Health & Safety:
    A study's found consuming marijuana - whether smoking, vaping or eating - is linked to higher risk of heart attack and stroke 10:47

    Concern around the advertising of retirement villages in New Zealand 10:27

    Christina Aguilera was "starstruck" the first time she met Drew Barrymore 10:20

    'Where Is Wendy Williams?' sheds a light on "the reality of Wendy's life" 9:50

    Man charged after alleged shooting inside office on Castlereagh Street in Sydney's CBD 9:27

     News Search

    Power Search

    © 2024 New Zealand City Ltd