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Viewing entries tagged with 'Interest Rates'

Markets picking big rate cut

6 March 2009

Wholesale money markets are picking Reserve Bank governor Alan Bollard will drop the official cash rate by 75-100 basis points in his March 12 announcement.

Big rate cut on cards after fall in confidence

14 January 2009

Expectations are growing that the Reserve Bank will cut the official cash rate by another full percentage point on January 29 after business confidence plunged to a 39-year low.

OCR reduced to 7.5%

11 September 2008

The Reserve Bank today reduced the official cash rate (OCR) by 50 basis points from 8.0% to 7.5%.