The Reserve Bank cut its official cashrate (OCR) from 1.5% to 1% at 2pm yesterday. At that moment, the NZ gold spot price peaked with a mid-price of $NZ2340.79 for an ounce. The $NZ dropped about US1.5c against the $US but recovered about half a cent over the next few hours.
Read more →Adrian Orr
6 takeouts from Orr’s ‘nothing much to say’ analysis
Reserve Bank governor Adrian Orr’s unsurprising announcement today that the official cashrate would stay at 1.75% told me this:
Read more →Reserve Bank holds rate at 1.75%
The Reserve Bank held its official cashrate at 1.75% today – as forecast by governor Adrian Orr – and he reiterated his view that the rate would stay at that level through 2019 & into 2020.
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