The Reserve Bank of New Zealand left its official cash rate/OCR unchanged at a record low of 0.25%

The Reserve Bank of New Zealand left its official cash rate/OCR unchanged at a record low of 0.25%

Policymakers said the balance of economic risks remains to the downside, despite a relaxation of social restrictions and an earlier resumption of domestic economic activity in the wake of the COVID-19 crisis.

The central bank added it is prepared to provide additional stimulus as well as potentially expanding the large scale asset purchase programme and the use of more monetary policy tools as needed.

The board agreed that the extent of the continued job losses and reduced activity remains uncertain, while noting that household and business confidence remains weak.


Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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