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7 Feb 2026 20:50
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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

     Other Business News
     07 Feb: Wastewater remediation works are running smoothly in Wellington's Moa Point, following Wednesday's sewerage leak
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     06 Feb: Why corporate America is mostly staying quiet as federal immigration agents show up at its doors
     06 Feb: Auckland's train network is shutting down again this weekend - only eight days after fully reopening for the new year
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     Top Stories

    RUGBY RUGBY
    The Black Ferns Sevens have kicked off their Perth World Series campaign with a 34-12 victory over Japan in pool play More...

    BUSINESS BUSINESS
    Wastewater remediation works are running smoothly in Wellington's Moa Point, following Wednesday's sewerage leak More...


     Today's News

    		 Entertainment:
    Khloe Kardashian has "absolutely no fear about death" 20:01

     Entertainment:
    Dove Cameron was "celibate" before meeting her fiance 19:31

     International:
    Thailand election stakes are high as progressives mount new challenge against establishment 19:27

     Law and Order:
    Nancy Guthrie may have been abducted in a 41-minute window, authorities say 19:07

     Entertainment:
    Chris Pratt treats every day like Valentine's Day 19:01

     Rugby:
    The Black Ferns Sevens have kicked off their Perth World Series campaign with a 34-12 victory over Japan in pool play 18:57

     Soccer:
    Auckland FC lead Sydney FC 1-nil midway through their A-League clash at Mt Smart 18:37

     Entertainment:
    Jesse Eisenberg is a "daily patron" of the New York Public Library 18:31

     Business:
    Wastewater remediation works are running smoothly in Wellington's Moa Point, following Wednesday's sewerage leak 18:17

     Wellington:
    State Highway 2 in Upper Hutt has reopend after being blocked through Kaitoke because of a 3-vehicle crash at the intersection with Waterworks Road 18:07

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