Official Cash Rate

The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA).

  • 1 August, 2016

The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year.

Upcoming Announcements

This is the Reserve Bank's schedule for the release of Monetary Policy Statements (MPS) and Official Cash Rate (OCR) announcements. Announcements are made to financial markets after 9am (NZST) and then immediately to the news media, and via twitter, the website and email.

11 Aug 16                       OCR and MPS

22 Sep 16                        OCR

10 Nov 16                       OCR and MPS

09 Feb 17                        OCR and MPS

23 Mar 17                        OCR

11 May 17                       OCR and MPS

22 Jun 17                        OCR

10 Aug 17                       OCR and MPS

28 Sep 17                        OCR

09 Nov 17                       OCR and MPS

The question is will the Reserve Bank Cut or Hold the current 2.25 rate at the next meeting?

LJ Hooker NZ

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