Renewed Policy Targets Agreement signed

NEWS RELEASE Date 7 November 2017   Renewed Policy Targets Agreement signed Finance Minister Grant Robertson and Reserve Bank Governor Grant Spencer today signed an unchanged Policy Targets Agreement (PTA), which sets out specific targets for maintaining price stability. The Minister also released today the Terms of Reference for a Review of the Reserve Bank […]

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Official Cash Rate unchanged at 1.75 percent

NEWS RELEASE Date 28 September 2017 Statement by Reserve Bank Acting Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has continued to improve in recent quarters. However, inflation and wage outcomes remain subdued across the advanced economies and challenges remain with on-going surplus […]

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New Zealand Interest Rates on Hold

11th May 2017: The New Zealand Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. In his explanatory statement by Reserve Bank Governor Graeme Wheeler, said the following: “Global economic growth has increased and become more broad-based over recent months. However, major challenges remain with on-going surplus capacity and extensive political […]

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PRP Accredited under PIQA

Preston Rowe Paterson has spent many years developing some of the valuation industry’s most rigorous and robust compliance and quality measures within our own internal business systems. As part of our testing of our Quality Systems we have sought external validation of our processes. Preston Rowe Paterson wishes to announce that it has been re […]

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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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