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23 Feb 2026 11:59
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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


    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.

    © 2026 Newstalk ZB, NZCity

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     22 Feb: Failure to prevent people living with intellectual disabilities from falling between the cracks
     21 Feb: Two dogs have been impounded by Christchurch Council Animal Management officers and three people are in hospital after an attack in the North West
     21 Feb: A economist says New Zealanders appear to have gotten a spending hangover
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     Today's News

    		 Auckland:
    A person whose car flipped after hitting a tree in South Auckland last Tuesday - died on Thursday 11:17

     Business:
    Satellite imaging is now vital for disaster management. But there are dangerous gaps in our systems 11:17

     International:
    Micro-interventions to reduce stress in your day 11:17

     Athletics:
    A tricky decision looms for Athletics New Zealand as to which female pole vaulters they select for the world indoor championships in Poland from March 20 to 22 11:07

     Motoring:
    Nascar driver Shane van Gisbergen has advanced up the field at the latest race in Georgia 11:07

     National:
    How could Andrew Mountbatten-Windsor be removed from the line of succession to the throne? 10:37

     Law and Order:
    US Secret Service agents shoot and kill man trying to break into Trump's Mar-a-Lago 10:27

     National:
    Trump hikes global tariffs to 15% as the fallout from Supreme Court loss continues 10:27

     National:
    Gaza’s cultural sites have been decimated. UNESCO’s muted response sets a dangerous precedent 10:17

     National:
    As war in Ukraine enters a 5th year, will the ‘Putin consensus’ among Russians hold? 10:07

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