November 22nd, 2024

OCR

New Zealand parliament building: The Prime Minister emphasised a focus on providing assistance to families, seniors, caregivers, students, and workers, with wage increases, subsidies, and tax credits among the key initiatives.
OCR
1 year ago

Green Party criticises RBNZ's OCR hike, opposition calls for alternative measures

The Reserve Bank of New Zealand's decision to increase its Official Cash Rate (OCR) by 50 basis points from 4.75% to 5.25% has been...

Economic activity over the December quarter was lower than expected, but demand still outpaces supply capacity, putting pressure on inflation
OCR
1 year ago

RBNZ increases Official Cash Rate to 5.25% to curb inflation

The Reserve Bank of New Zealand (RBNZ) has increased the Official Cash Rate (OCR) today by 50 basis points from 4.75% to...

Featured News

Net worth has fluctuated due to shifting asset values, particularly in property and investment holdings.

Household spending surpasses income as net worth drops by $47 billion

News
The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

News
Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

News
Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

News
Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business