RB MPC cuts OCR as expected

20.5.25 The Monetary Policy Committee of the Reserve Bank today voted to decrease the Official Cash Rate (OCR) by 25 basis points to 3%. The move immediately sparked a rally on the NZ sharemarket. New Zealand’s economic recovery stalled in the second quarter of this...

OCR on hold due to uncertain outlook

9.7.25 The Reserve Bank’s Monetary Policy Committee decided to leave the Official Cash Rate at 3.25%. The decision was reached by consensus with no vote taken. “The case for keeping the OCR on hold at this meeting highlighted the elevated level of uncertainty, and the...

Westpac expect an August rate cut

10.7.25 Westpac economists interpreted the RBNZ’s commentary as indicating a reasonably strong presumption that the OCR will be cut at the August meeting. “The general view of the Monetary Policy Committee (MPC) is that the economic and inflation outlook remains...

Monetary policy centre stage

The domestic focus this week is on Wednesday’s RBNZ Monetary Policy Review. BNZ Markets continue to believe the economy requires lower interest rates ahead and  they still forecast a 2.75% OCR low point. “However, we feel picking the July meeting outcome is a bit of a...

Infrastructure bond offer likely

Infratil Ltd is considering making an offer of unsecured, unsubordinated, fixed rate infrastructure bonds to New Zealand investors. It is expected that full details of the offer will be released in the near future, subject to market conditions. If the offer proceeds,...