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7 Feb 2026 14:30
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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: Progress at Moa Point in the capital following the sewage leak on Wednesday
     07 Feb: Iran's mysterious Pickaxe Mountain a 'candidate' for new nuclear activities
     06 Feb: A property manager says the numbers of students looking for flats is lower than previous years
     06 Feb: More New Zealanders appear to be opting for a city-break this Waitangi weekend
     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
     05 Feb: A 53-year-old man's been arrested and charged in relation to a suspicious fire at a commercial premises on Oruanui Street in Taupo's CBD on Tuesday night
     Top Stories

    RUGBY RUGBY
    Black Ferns Sevens star Jorja Miller's joking she might pass more this weekend in Perth More...

    BUSINESS BUSINESS
    Progress at Moa Point in the capital following the sewage leak on Wednesday More...


     Today's News

    		 Golf:
    Two Japanese players top the leaderboard midway through the PGA golf Tour's Phoenix Open 14:27

     General:
    Winter Olympics 2026 quick guide: What to watch on Day 1, Saturday, February 7 14:17

     Entertainment:
    Diego Calva says Kate Moss became his personal PR at the Saint Laurent men's show 14:01

     Business:
    Progress at Moa Point in the capital following the sewage leak on Wednesday 13:47

     Entertainment:
    Harry Styles is restocking his sex toy days after announcing his new album 13:31

     Rugby:
    Black Ferns Sevens star Jorja Miller's joking she might pass more this weekend in Perth 13:27

     Soccer:
    The returning Sarpreet Singh is adamant the Phoenix can still surge into the A-League playoffs 13:27

     Law and Order:
    Nancy Guthrie may have been abducted in a 41-minute window, authorities say 13:27

     International:
    What is the AIN at the 2026 Milano Cortina Winter Olympics? Why Russian and Belarusian athletes are allowed to compete in Italy 13:07

     Rugby League:
    A court spat over NRL player Zak Lomax could mean the Melbourne Storm end up with a hefty legal bill instead of the star winger 13:07

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