Tag: reserve_bank
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Media Monitor: Reserve Bank Holds Official Cash Rate
Radio New Zealand is reporting that the Reserve Bank has held the official cash rate at 3.25 percent. It said the central bank was widely expected to hold the rate steady after nearly a year of cuts. The bank stated…
Politics and GovernmentHealthBusinessSportWorldEconomyMedical ScienceLaw Enforcement Reserve Bankofficial cash rateBarbara Rose McGeeScott GuyFeildingFinanceRNZ News
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Media Monitor: OCR held, heavy rain forecast, youths in custody after shoplifting
1 News is reporting that the Reserve Bank has held the Official Cash Rate (OCR) at 3.25%. It said this marks the first time the OCR has not been cut since July 2024, ending a streak of six consecutive cuts.…
BusinessWeatherPolitics and GovernmentLaw EnforcementHealthUnited StatesEconomyGeneral WeatherWhite HouseLegalSocial Issues Official Cash RateReserve BankMetServiceNorth IslandSouth IslandAucklandCrimeOne News NZ
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Reserve Bank Funding Reduced by 25% in New Agreement
The Government and the Reserve Bank board have agreed to a funding agreement that will reduce the bank's budgeted operating expenses by approximately 25% in the coming year. Finance Minister Nicola Willis stated that the new five-year agreement reflects the…
Reserve BankNicola WillisGovernment FundingTreasuryOperating ExpensesFinance