* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

    Congress Bill Spotlight: Make Entertainment Great Again (MEGA) Act, Renaming Kennedy Center to Trump Center – The Fulcrum

    Congress Proposes MEGA Act to Rename Kennedy Center as Trump Center and Revitalize Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Managing Automation Risks

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Top Technology Executives Recognized at the 2025 Carolina CIO ORBIE Awards – Yahoo Finance

    Celebrating Excellence: Top Technology Executives Honored at the 2025 Carolina CIO ORBIE Awards

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

    Congress Bill Spotlight: Make Entertainment Great Again (MEGA) Act, Renaming Kennedy Center to Trump Center – The Fulcrum

    Congress Proposes MEGA Act to Rename Kennedy Center as Trump Center and Revitalize Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Managing Automation Risks

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Top Technology Executives Recognized at the 2025 Carolina CIO ORBIE Awards – Yahoo Finance

    Celebrating Excellence: Top Technology Executives Honored at the 2025 Carolina CIO ORBIE Awards

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Reserve Bank holds official cash rate at 5.5 percent

May 22, 2024
in Business
Reserve Bank holds official cash rate at 5.5 percent
Share on FacebookShare on Twitter

Navigation for News Categories

Reserve Bank of New Zealand office and OCR text

Photo: RNZ

The Reserve Bank has kept the official cash rate (OCR) at 5.5 percent but put the possibility of a rate increase back on the table.

In its updated forecasts, the bank predicts a 5.7 percent OCR peak at the end of this year.

That indicates that it believes that another increase remains a possibility. In the February update, the peak had been 5.6 percent.

A hike was discussed as an option in the latest meeting of the monetary policy committee.

Infometrics chief forecaster Gareth Kiernan said it was a surprise that a hike had been talked about.

“Given that the previous couple of statements they’d pretty much gone away from saying we think we might need to raise rates further and we think we’ve done enough. They’ve swung a bit back the other way again.”

Before Wednesday’s update, economists had been unanimous in their view that the rate would remain on hold.

Markets reacted to the changed tone, with one-year swap rates jumping from 5.33 percent just before the release to 5.41 percent soon after.

The bank said it still expected inflation to return to the 1 percent to 3 percent target range by the end of 2024 but committee members were wary about the possibility of a delay.

“The committee noted that annual headline CPI inflation was expected to return to the target band in the September quarter this year and that monetary policy settings are consistent with annual headline CPI inflation returning to the 2 percent target midpoint later in 2025.

“The committee noted, given current projections, there was limited tolerance to increase the time to the target mid-point. The committee is conscious that the economy has limited capacity to absorb further upside inflation surprises, as this could risk a rise in inflation expectations and make it more difficult to get inflation back to target.”

It said, although international inflation pressures were receding, domestic inflation was being held up by things such as rents, insurance costs and council rates.

It said the government’s slower spending was likely to contribute to weaker aggregate demand.

“Members agreed they remain confident that monetary policy is restricting demand. A further decline in capacity pressure is expected, supporting a continued decline in inflation. The committee agreed that interest rates need to remain at a restrictive level for a sustained period of time, to ensure annual consumer price inflation returns to the 1 percent to 3 percent target range.”

ASB chief economist Nick Tuffley said the update meant his team retained their view that OCR cuts would not happen until next February, but there was a risk it could be later.

He said the new OCR track implied that cuts would not happen until August next year, about three months later than had been implied in February. The bank would also be watching for any implications of the Budget.

“The Reserve Bank’s forecast is higher over the rest of 2024, barely getting back in the 1 percent to 3 percent target band by the end of 2024. The forecasts show inflation very near the 2 percent mid-point over the second half of 2025 but not hitting 2 percent until the first half of 2026, later than in February’s forecasts.”

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/517502/reserve-bank-holds-official-cash-rate-at-5-point-5-percent

Tags: businessholdsReserve
Previous Post

Risk of uninsured buildings if FENZ levy changes go ahead

Next Post

FDIC chair Gruenberg says he will step down once successor is announced

Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

Agentic AI and the Future of Work: Embracing Innovation While Managing Automation Risks

September 23, 2025
Viking Sports Weekly September 22 – csuvikings.com

Viking Sports Weekly September 22 – csuvikings.com

September 23, 2025
Dynamic Pricing is Fair Play for the 2026 FIFA World Cup – Cato Institute

How Dynamic Pricing Will Revolutionize the 2026 FIFA World Cup Experience

September 22, 2025
White House Touts Rising Confidence In U.S. Economy Under Trump’s Second Term – Yahoo

White House Celebrates Rising Optimism in U.S. Economy Amid Trump’s Second Term

September 22, 2025
Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

September 22, 2025
New Tech Ally Ready to Fight Against Chronic Health Conditions – Sutter Health

Revolutionary Tech Partner Set to Transform the Fight Against Chronic Health Conditions

September 22, 2025
Vernon County Board of Supervisors passes resolution condemning political violence – WXOW

Vernon County Board of Supervisors passes resolution condemning political violence – WXOW

September 22, 2025
Conservation efforts paying off for Yellow River basin ecology – China Daily

Reviving the Yellow River Basin: How Conservation Efforts Are Breathing New Life into Its Ecosystem

September 22, 2025
Gizmodo Science Fair: A New Pill to Treat Schizophrenia—the First in 50 Years – Gizmodo

Revolutionary Breakthrough: The First New Schizophrenia Pill in Half a Century

September 22, 2025
Mental Time Travel: Scientists Explore the Mysteries of Autobiographical Hypermnesia – SciTechDaily

Unlocking the Secrets of Mental Time Travel: Exploring the Wonders of Autobiographical Hypermnesia

September 22, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (831)
  • Economy (852)
  • Entertainment (21,730)
  • General (17,185)
  • Health (9,895)
  • Lifestyle (864)
  • News (22,149)
  • People (854)
  • Politics (862)
  • Science (16,062)
  • Sports (21,352)
  • Technology (15,835)
  • World (836)

Recent News

Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

Agentic AI and the Future of Work: Embracing Innovation While Managing Automation Risks

September 23, 2025
Viking Sports Weekly September 22 – csuvikings.com

Viking Sports Weekly September 22 – csuvikings.com

September 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version