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      Home > News > Business

    The Official Cash Rate is staying unchanged at a record low 1 percent

    The Official Cash Rate is staying unchanged at a record low 1 percent

    13 November 2019
    Most economists had predicted a cut by 25 basis points - causing the dollar to rise.

    NZ Herald Business editor at large Liam Dann says the OCR tends to flow through to mortgage and deposit rates.

    He says it's good news for savers who are unlikely to see deposit rates falling.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     22 Oct: Fonterra's announced a 75-million-dollar investment to expand butter production at its South Canterbury Clandeboye site
     22 Oct: A clear message to people in the firing line of destructive winds tomorrow - stay indoors, avoid travel and secure property
     22 Oct: Kiwis could save more than a thousand dollars on solar panel installation - under changes to requirements
     22 Oct: A financial commentator's urging the Government to stay the course on climate reporting rules - and not change them
     22 Oct: Air New Zealand says it now expects to make a first-half loss before tax, of about 30 to 55 million dollars
     21 Oct: The Labour Party is calling for a probe into the Public Service Commission's ads about Thursday's mega-strike action
     21 Oct: Torpedo 7 will return to being an online-only retailer by the end of summer
     Top Stories

    RUGBY RUGBY
    The Blues have found their replacement for All Black Rieko Ioane next Super Rugby season More...

    BUSINESS BUSINESS
    Fonterra's announced a 75-million-dollar investment to expand butter production at its South Canterbury Clandeboye site More...


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