Official Cash Rate Rises
\nThe Reserve Bank has increased the official cash rate to 2.75%.<\/p>\n
It is the first time in three years that the OCR has been changed. In 2011 it was dropped to a record low of 2.5% in response to the Canterbury Earthquakes.<\/p>\n
In a statement, Governor of The Reserve Bank Graeme Wheeler says that the increase is necessary to moderate rising inflation which is expected to continue over the next two years.<\/p>\n
The Reserve Bank sees a faster pace of inflation than in its December forecast, with the consumers price index rising to 2 percent as soon as the June quarter, a level the bank had previously expected in mid-2015. While a strong currency will keep a lid on imported inflation, the bank expects non-tradable inflation to increase to about 4 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Official Cash Rate Rises The Reserve Bank has increased the official cash rate to 2.75%. It is the first time in three years that the OCR has been changed. In 2011 it was dropped to a record low of 2.5% in response to the Canterbury Earthquakes. In a statement, Governor of The Reserve Bank Graeme […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Official Cash Rate Rises - colinrealestate","description":"Official Cash Rate Rises The Reserve Bank has increased the official cash rate to 2.75%. It is the first time in three years that the OCR has been changed. In 2"},"footnotes":""},"categories":[5532],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-real-estate-2"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=556"}],"version-history":[{"count":2,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/556\/revisions"}],"predecessor-version":[{"id":559,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/556\/revisions\/559"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}