Archive for November, 2016

New Zealand’s Official Cash Rate reduced to 1.75%

The Reserve Bank of New Zealand today reduced the Official Cash Rate (OCR) by 25 basis points to 1.75 percent. In relation to the effects on the property sector,¬†Reserve Bank Governor Graeme Wheeler said in his announcement, “House price inflation remains excessive and is posing concerns for financial stability.¬† Although house price inflation has moderated […]

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