Economists unruffled by OCR statement This morning's announcement that the OCR will remain at 2.5% has prompted minimal reaction. Westpac said the Reserve Bank decision to leave the Official Cash Rate at 2.5% hadnâ€™t affected its prediction that the first increase would be in July 2012. 26-07-2012 more >>
OCR on hold until March: Economists Benign inflation data, the still strong currency and the fragile global economy are likely to offset any concerns Reserve Bank Alan Bollard might have about the stronger than expected domestic growth data for the March quarter and rising house prices. 23-07-2012 more >>
OCR to stay low: Poll Alan Bollard wonâ€™t be raising the official cash rate this Thursday, according to a poll of Landlords.co.nz and Property Investor magazine readers. 11-06-2012 more >>
Migration turnaround likely to underpin housing market The housing market recovery is likely to be underpinned by a turn-around in net migration from the second half of this year and into next.
The Department of Labour is predicting annual net migration will go from a net inflow of just below 4,000 people in the year ended June last year to an outflow of about 4,000 in the near term before turning back to a net inflow of about 6,000 in mid to late 2012 and early 2013. 02-02-2012 more >>
Bollard keeps interest rates on hold Home-owners can be confident floating mortgage rates won't be rising for some time following Reserve Bank governor Alan Bollard's expected decision to keep interest rates on hold. 27-01-2011 more >>