The Reserve Bank today increased the official cashrate by 25 basis points to 3.5% today, the fourth increase this year after no movement for 3 years. Bank governor Graeme Wheeler said the bank would now pause to assess the impact of its raises.
The Reserve Bank raised the official cashrate by 25 basis points today to 3.25%.
Reserve Bank governor Graeme Wheeler expects to start raising the official cashrate next year, but said today the timing would be up to the housing market.
The Reserve Bank left the official cashrate unchanged at 2.5% today and expects to keep it there for the rest of the year. Reserve Bank governor Graeme Wheeler referred to the persistent house price inflation in Auckland & Canterbury, hoped a rise in construction would eventually ease the housing shortage but made no reference to […]