Reserve Bank readies itself for unconventional monetary policy after cutting the OCR
New official cash rate in place for at least 12 months. Plus what the retail banks will do.
Brent Edwards
Mon, 16 Mar 2020
In response to the Covid-19 coronavirus the Reserve Bank has slashed the official cash rate to a historically low level of 0.25% from 1%.
In a statement today it said the rate would stay at 0.25% for at least the next 12 months. If it needed to take further action it said cutting the OCR further
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Brent Edwards
Mon, 16 Mar 2020
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Reserve Bank readies itself for unconventional monetary policy after cutting the OCR
Politics,
82904