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9 Aug 2020 14:33
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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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
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     07 Aug: A Kiwi designer hat company' has switched its production line to face masks
     07 Aug: Wairoa's receiving money to increase productivity of a kiwifruit business, renovate 19 marae, and build a roading and other services hub
     07 Aug: Some retail business owners want a tax cut to boost consumer spending
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     Today's News

    Golf:
    American Dustin Johnson's emerged as the sole leader to end day three of the PGA Championship in San Francisco 14:17

    Politics:
    Federal Government open to more JobKeeper tweaks if economy deteriorates further amid coronavirus downturn 14:17

    Entertainment:
    Zendaya puts too much “pressure” on herself 14:14

    Rugby League:
    Newly appointed Warriors coach Nathan Brown concedes it could be a long journey to get the Warriors up to Premiership-winning standard 14:07

    Politics:
    Northland is shaping up to be an exciting contest this election 14:07

    Environment:
    Weeks after it was hit by a severe storm, Northland is in for another big deluge 13:47

    Entertainment:
    Britney Spears’ legal team “aren’t happy” after members of her family have spoken out publicly to address her conservatorship 13:44

    Hamilton:
    The person struck by a car in a suspected hit and run in Kawhia, near Hamilton, is now in a stable condition 13:27

    Motoring:
    Time's nearly up for those wanting to have a say on the future look of Wellington city 13:27

    International:
    Joe Biden has missed two deadlines to name a running mate to take on Donald Trump. Why is he taking so long? 13:17


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