Results: New Zealand Economy
Economic Outlook
We're now seeing the lowest housing interest rates of all time, the unemployment rate has remained low, and inflation has been und...
Official Cash Rate remains unchanged
The latest announcement made by the RBNZ is that the OCR will remain unchanged for the time being.
Thoughts on tomorrow's OCR update
Experts are not expecting another OCR cut until the November announcement, alongside a full Monetary Policy Statement release.
Gross Domestic Product (GDP) expected to show slow growth
The figures are due to be released later this week, and most of the banks and economists have predicted for the Gross Domestic Product (GDP) to show slow growth.
Banks stocking up for spring
With a record-low OCR, it looks like banks are taking advantage of low wholesale funds. According to KPMG's latest survey, Westpac launched a medium-term note issue seeking $100 million.
Economic Outlook
The big five banks released their economic outlooks earlier this week, and all are in agreement that growth is on the slow side.
