OCR 26 May - OCR & MPS Media conference & Published date: 16 February 2023 Last modified date: 22 February 2023 Timeline of our OCR announcements since November 1999 See our chart of OCR announcements Official Cash Rate (OCR) (updated at end of month) Chart Summary Core inflation is far too high. It will be the seventh rise in the OCR since last October, the most aggressive tightening cycle since the current monetary policy system was instituted in 1999, and the accompanying statement and forecasts will seek to reinforce the idea it is not done yet. Still, there are signs of a tentative shift in tone," the group's economists said. The 2021 Monetary Policy Committee reviews the economic environment Buying your first home, next home, investing in property or just keen to review your mortgage? "Inflation is far too high. Official Cash Rate (OCR) decisions, and the six-monthly USD broadly stronger. With earnings season in full swing, it might be easy to forget the Reserve Bank is also scheduled to make the first official cash rate (OCR) announcement of the new year this week. OCR | interest.co.nz After a period of much-needed respite over the holiday break, the RBNZ will be back to its regularly scheduled programming from late February. For the last few months, longer term fixed mortgage rates have already been lifting in line with wholesale interest rates. "In regards to the property market, the prospect of a stable official cash rate for at least the next year or so suggests no major upwards pressure on mortgage rates until the second half of 2022 although of course global financial market shifts can have a significant influence too, as well as upside inflation surprises within NZ. which includes some flexibility to shift the date in case of OCR: Reserve Bank leaves interest rate on hold - NZ Herald + Read Dr Oliver Hartwich's full forecast. below. 8 Commerce Street While we receive compensation when you click links to partners, they do not influence our content. These types of changes are always considered by investment managers. Credits: Video - Newshub; Image- Getty Images. Join Scoop Pro It's a big day for economic news as the Reserve Bank (RBNZ) gets set to announce the official cash rate (OCR) and Treasury opens the government's books, releasing the Crown accounts for the. media would be given as much notice as possible. The RBNZ's assertive tightening to date is working, and the risk now is titled towards overtightening. See how the official cash rate changes can affect your savings, term deposits, mortgages and what you can do about it.Variable (floating) mortgagesHigh interest saving accountsFixed-rate mortgagesTerm depositIf the rate risesAsk your lender for a rate discount so that if rates do rise you wont be worse off, or alternatively, compare other variable or even fixed-rate mortgages to find a better deal.If the rate gets cutSee how your lender responds to the cut.
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when is the next ocr announcement nz