Tag: Official cash rate
Total 3 Posts
Did Adrian Orr Just Predict a Crash in New Zealand?
When the Great Financial Crisis hit in 2008, the RBNZ dropped the OCR by 6%. If something happened today, they only have 1.5% to work with.
Hang on Tight: Our Economy Heading for a Plunge in 2019
Well, if you weren’t sure about it…you can be now. The Reserve Bank of New Zealand has confirmed our suspicions…this economy’s in for a bumpy ride.
Red Alarm at the Reserve Bank
Last week, Reserve Bank Governor, Adrian Orr, announced that the OCR would remain at 1.75%…as expected. You can interpret that to mean — they’re worried.