OCR remains unchanged at 3.25% at todays RBNZ announcement

Written By Kim Manunui

The Reserve Bank of NZ (RBNZ), as widely predicted, has retained the current 3.25% Official Cash Rate (OCR) as did Australia hold theirs yesterday citing uncertain geopolitical factors as trade tariff impact rushes through the world rendering a wait and see approach prudent. With inflation figures due out in August and expected to be in the upper regions of the 1-3 percent target band, its generally accepted that cuts will ensue in later announcements throughout the year as headline inflation continues to ease.

With many OCR reductions having already taken place over the last year, we’re nearing the neutral rate where the OCR will rest at around 3 to 2.75 percent expected by the end of the year with interest rates following so we’re about half a percent away from where we will end up for the year.

Click here to see the full RBNZ report.

Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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