Tauranga Property Investors' Association

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News & Updates

Recent updates

  1. News
  2. reserve bank
  • The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.
    The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment.
    24-05-2023 more >>
  • Official Cash Rate increases from 4.75% to 5.25% today
    The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. Inflation is still too high and persistent, and employment is beyond its maximum sustainable level.
    05-04-2023 more >>
  • Reserve Bank increases the Official Cash Rate from 4.25% to 4.75%
    The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25% to 4.75%.
    22-02-2023 more >>
  • OCR increased from 3 percent to 3.5 percent
    The Monetary Policy Committee today increased the Official Cash Rate to 3.5 percent
    05-10-2022 more >>
  • OCR increased to 3 percent from 2.5 percent
    The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employmen
    17-08-2022 more >>
  • Official cash rate increased to 1.50 percent
    The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment.
    13-04-2022 more >>
  • OCR increased to 1%
    The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent.
    23-02-2022 more >>
  • Official Cash rate increased to 0.50 percent
    The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.
    06-10-2021 more >>
  • Official cash rate on hold at 0.25 percent
    The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today’s decision was made in the context of the Government’s imposition of Level 4 COVID restrictions on activity across New Zealand. 
    18-08-2021 more >>
  • Debt serviceability restrictions added to tools the Reserve Bank can use
    The Reserve Bank and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available.
    16-06-2021 more >>
  • New LVR restrictions put in place by the Reserve Bank
    The Reserve Bank of New Zealand - Te PÅ«tea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential construction.
    09-02-2021 more >>
  • OCR is being held at 0.25 percent
    The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) Programme up to $100 billion. This action is necessary to further lower household and business borrowing rates in order to achieve the Committee’s inflation and employment remit. The Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March.
    24-09-2020 more >>
  • RBNZ removes LVR restrictions
    The Reserve Bank has today decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR restrictions didn’t have an undue impact on borrowers or lenders as part of the mortgage deferral scheme implemented in response to the COVID-19 pandemic.
    30-04-2020 more >>
  • Official Cash Rate (OCR) unchanged at 1.00 percent
    The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range. Economic developments since the August Statement do not warrant a change to the already stimulatory monetary setting at this time.
    13-11-2019 more >>
  • Reserve Bank to ease loan-to-value ratio restrictions in January 2019
    From 1 January 2019 the changes are - up to 20 percent (increased from 15 percent) of new mortgage loans to owner occupiers can have deposits of less than 20 percent and up to 5 percent of new mortgage loans to property investors can have deposits of less than 30 percent (lowered from 35 percent).
    28-11-2018 more >>
  • Official Cash Rate (OCR) unchanged at 1.75 percent
    We expect to keep the OCR at this level through 2019 and into 2020 says Reserve Bank Governor
    08-11-2018 more >>
  • The Official Cash Rate (OCR) remains at 1.75 percent.
    Statement by Reserve Bank Governor Adrian Orr: We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down.
    27-09-2018 more >>
  • OCR remains at 1.75%
    Statement by Adrian Orr the Reserve Bank Governor
    09-08-2018 more >>
  • OCR remains at 1.75 percent
    Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction - up or down - as necessary.
    28-06-2018 more >>
  • The Official Cash Rate (OCR) remains at 1.75 percent
    Statement by Reserve Bank Governor Adrian Orr:
    10-05-2018 more >>
  • OCR unchanged at 1.75%
    Statement by Reserve Bank Governor Grant Spencer:
    22-03-2018 more >>
  • Official Cash Rate (OCR) unchanged at 1.75 percent
    In a statement by Reserve Bank Governor Grant Spencer, the Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
    08-02-2018 more >>
  • The Reserve Bank is undertaking a modest easing of the LVR restrictions from 1 January 2018
    Reserve Bank Governor says "Over the past six months, pressures in the housing market have continued to moderate due to the tightening of LVR restrictions in October 2016, a more general firming of bank lending standards and an increase in mortgage interest rates in early 2017. Housing market policies announced by the Government are also expected to have a dampening effect on the housing market. In light of these developments, the Reserve Bank is undertaking a modest easing of the LVR restrictions"
    29-11-2017 more >>
  • Official Cash Rate (OCR) unchanged at 1.75 percent
    The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Statement by Reserve Bank Governor Grant Spencer:
    09-11-2017 more >>
  • Official Cash Rate (OCR) unchanged at 1.75 percent
    Statement by Reserve Bank Governor Graeme Wheeler:
    10-08-2017 more >>


    • Results: 1-25 of 71

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