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Topic: Official cash rate

	The Courier-Mail: Reserve holds cash rate steady (archived) (Site not responding. Last check: 2007-10-21)
		Interest rates have been one of the main themes of the election campaign, with the Government claiming that victory for the Labor Party would result in higher rates.
		Rates globally are on the move, and economic conditions in Australia continue to be strong.
		The nation's jobless rate was also down to historical lows with the job market set to expand in the second half of 2004, according the latest ANZ job ads survey, which showed a pick up of 4 per cent in August.
	www.thecouriermail.news.com.au /common/story_page/0,5936,10703852%255E462,00.html (900 words)

	Official Cash Rate Cloze
		Short-term interest rates have a big impact on the overall level of economic activity in the country and therefore on _____________.
		The OCR was introduced as a device to implement monetary policy in March 1999.
		Short-term interest rates have a big impact on the overall level of economic activity in the country and therefore on inflation.
	www.acceleratedlearningresources.com /ALR__OCR_Cloze.html (748 words)

	Australian central bank lifts interest rate
		The rise in the cash rate from 4.75 percent to 5 percent is expected to be followed by a further 0.25 percentage point increase next month and a similar rise early next year.
		If the official cash rate were to rise to 6.5 percent, implying a home loan rate of around 8 percent, the impact could be as great as the mortgage rates of 18 percent in the late 1980s.
		But if interest rates start to climb elsewhere, the Fed may be forced to lift them in the US in order to sustain the inflow of funds, which is financing the country’s $500 billion balance of payments deficit.
	www.wsws.org /articles/2003/nov2003/rba-n06.shtml (1169 words)

	CNN.com - New Zealand lifts cash rate to 5 percent - March 19, 2002
		Australia is expected to follow suit in the next few months, with most economists tipping a rise from the current cash rate of 4.25 percent to 5.0 or 5.25 percent by year's end.
		He said HSBC saw New Zealand's official cash rate being at 6.25 percent by the end of the year.
		In his statement Wednesday, Brash noted that New Zealand's official cash rate had been cut by one percentage in the last few months of 2001 because of concerns about the deflationary risk arising from a weak world economy.
	cnn.com /2002/BUSINESS/asia/03/19/nz.rates.biz/index.html (543 words)

	Economists tip another rates rise. 05/11/2003. ABC News Online
		Economists are predicting another interest rate rise as early as next month after the Reserve Bank today raised the official cash rate.
		The central bank has raised official rates to 5 per cent, an increase of 0.25 per cent after 17 months of steady rates.
		The figure is the highest the official cash rate has been in more than two years.
	pandora.nla.gov.au /pan/33312/20031106/www.abc.net.au/news/newsitems/s982723.htm (944 words)

	Loan Rate Articles Archive from BankruptcyNews.org (Site not responding. Last check: 2007-10-21)
		If the official cash rate were to rise to 6.5 percent, implying a home loan rate of around 8 percent, the impact could be as great as the mortgage rates of 18...
		The rate is based on a ceiling of 4% above the weekly average prime loan rate of 4%, as published by the Federal Reserve on Oct. 27.
		The rate is based on a ceiling of 4% above the weekly average prime loan rate of 4%, as published by the Federal Reserve on Nov. 10.
	bankruptcynews.org /loans/Loan_Rate.html (4468 words)

	AllRefer.com - Zaire - Currency \| Zaire Information Resource
		A few exporters, notably Gécamines and other governmentowned companies as well as the offshore oil consortium, normally observed the official exchange rate, a policy that inevitably had an adverse impact on their cash flow because the local currency they were paid was considerably less than the real value of their foreign-exchange earnings.
		Coffee exporters were required to present their export documents to official channels in order to register their allocated percentage of Zaire's international coffee organization quota.
		The zaire traded against the United States dollar at a seemingly ridiculous rate of 8 million to one in October 1993; by December the rate was a patently absurd Z110 million to the dollar and still rising.
	reference.allrefer.com /country-guide-study/zaire/zaire118.html (791 words)

	The Australian: Reserve predicts rate rise soon (archived) (Site not responding. Last check: 2007-10-21)
		The Aussie dollar jumped on the news the interest rate premium compared to the United States was set to continue, and was trading more than one cent higher at about 71.6 US cents at midday AEST.
		The RBA has left the official cash rate on hold at 5.25 per cent so far this year after back-to-back rises late last year driven by concerns about a run-up in household debt and the booming property market.
		The statement came as official figures showed home borrowing fell for the second month in a row in June, while newspaper job ads fell in July, although ANZ expected growth to pick up through the second half of 2004.
	www.theaustralian.news.com.au /common/story_page/0,5744,10389102%255E421,00.html (455 words)

	Money: Banking: No Change In Official Cash Rate (Site not responding. Last check: 2007-10-21)
		All 14 economists in a Reuters survey conducted before the central bank meeting expected rates to remain on hold for the rest of the year before a cut as early as the first quarter of next year.
		The RBNZ has kept its official cash rate on hold at 6.75 percent since March, after raising it by a total of 1.75 percentage points since January 2004.
		New Zealand's cash rate compares with official rates of 5.5 in Australia, 3.5 percent in the United States and 2.0 percent in the euro zone.
	xtramsn.co.nz /money/0,,5483-4769563,00.html (352 words)

	The Australian: NZ cash rate hits record (archived) (Site not responding. Last check: 2007-10-21)
		The rate rise is the seventh of 25 basis points since January 29, 2004, when the NZ central bank began its rate tightening cycle.
		New Zealand's Official Cash Rate was introduced in March 1999 at a level of 4.50 per cent.
		The Reserve Bank of Australia (RBA) last week raised official interest rates to 5.50 per cent from 5.25 per cent taking rates to their highest level in four years.
	www.theaustralian.news.com.au /common/story_page/0,5744,12500734%255E462,00.html (305 words)

	Listed Property Trusts (LPT) Index 1320+? I'd Like to See That! ...
		Interest rate movements are thus the most critical component in any assessment of the outlook for the LPT market.
		The RBA has justified its rate rise decisions on the basis of the effects of a higher CPI and increasing levels of credit on inflation, the threat of a GST-fuelled wage breakout, and external factors (particularly the $AUD weakness and the need to maintain an interest rate differential between Australian and US bond rates).
		Indeed, the RBA, in line with their pre-emptive approach, may increase rates by a further 0.50% (likely to be spread over two separate increases) taking the cash rate to 6.50%.
	www.afsd.com.au /article/pir/pir2a.htm (1125 words)

	NZOOM - ONE News - Business (Site not responding. Last check: 2007-10-21)
		Mortgage rates have generally retreated over the past month, a trend unlikely to continue should the reserve bank decide to increase interest rates next week.
		In contrast, HSBC is leaning towards a rate increase this month, while ANZ says it is too close to call, and says that upcoming March housing and migration data could tip the scales.
		As of April 13, one year fixed rates ranged between 6.50% and 6.99%, compared to 6.65% and 7.25% the previous month, and two year fixed rates ranged from 6.65% to 7.40%, compared to 6.79% to 7.50%, REINZ said.
	onenews.nzoom.com /onenews_detail/0,1227,268659-1-453,00.html (415 words)

	OCR unchanged at 6.50 per cent (Site not responding. Last check: 2007-10-21)
		Speaking at the release of the Reserve Bank's December 2004 Monetary Policy Statement, Reserve Bank Governor Alan Bollard said "As indicated in our October Review, we continue to expect that the current policy position will achieve inflation between 1 and 3 per cent on average over the medium term.
		This outlook assumes that significant pipeline effects from past interest and exchange rate increases will eventuate and act to further constrain the economy over the period ahead.
		On the downside there is the possibility of more exaggerated movements in the US dollar and US interest rates, leading to a stronger New Zealand TWI, weaker exports and less inflation pressure.
	www.rbnz.govt.nz /news/2004/0162952.html (366 words)

	Money: Banking: Official Cash Rate Rises (Site not responding. Last check: 2007-10-21)
		The Reserve Bank of New Zealand surprised with a 25 basis point rise in its official cash rate to 5.25 0 percent on Thursday, saying an increase was warranted to keep inflation in check.
		After three rapid-fire rate cuts between April and July last year, the RBNZ halted its easing cycle because strength of the New Zealand dollar and the damage to exporters outweighed domestic inflationary risks.
		New Zealand's cash rate remains among the highest in the developed world and compares with Australia's 5.25 percent, the United States' 1.0 percent, and the euro zone's 2.0 percent.
	www.xtramsn.co.nz /money/0,,5483-3039696,00.html (240 words)

	:: Xinhuanet - English ::
		In a monetary statement, Governor Alan Bollard announced the interest rate hike from 5.75 percent to 6.0 percent, the fourth time it has lifted rates this year to combat inflation pressures in the economy.
		New Zealand already has the highest interest rates in the developed world, and Thursday's 25 basis point raise lifted the official cash rate to its highest level in more than three years.
		New Zealand's cash rate compares with official rates of 5.25 percent in Australia, 1.25 percent in the United States and 2 percent in the euro zone.
	news.xinhuanet.com /english/2004-07/30/content_1678684.htm (746 words)

	New Zealand's source for business, stock market & currency news on Stuff.co.nz: Cash rate tipped to stay at same level (Site not responding. Last check: 2007-10-21)
		Cash rate tipped to stay at same level
		The economic growth rate has slowed from a peak of nearly 5 per cent in the first half of 2004 to about 2 per cent currently.
		But with an election looming, ANZ economists said this week it could be the Reserve Bank's last "throw of the dice" to raise rates again ahead of its next review date on September 15.
	www.stuff.co.nz /stuff/0,2106,3357045a13,00.html (592 words)

	Asia Times: Australia's rate rise catches markets unawares
		However the bank said it has moved to a neutral bias in its rates outlook indicating further big rate increases are unlikely soon.
		The bank last lifted the cash rate on November 3, 1999 when it raised rates by 25 basis points to 5.0 percent.
		Major home loan lenders are expected to announce higher mortgage rates later this week or next week in the wake of the announcement.
	www.atimes.com /oceania/BB03Ah01.html (705 words)

	New Zealand's source for business, stock market & currency news on Stuff.co.nz: Official cash rate remains at 6.75pc (Site not responding. Last check: 2007-10-21)
		The Reserve Bank decided on June 9 to leave the Official Cash rate at 6.75 per cent, with no prospect of a reduction in interest rates in the near future.
		With no change to interest rates the implications for investors remain much the same as after previous OCR announcements.
		The outlook for NZ equities is poorer when rates are higher, and historically sharemarket performance has been lower during times of tighter monetary policy.
	www.stuff.co.nz /stuff/0,2106,3313410a8273,00.html (403 words)

	Cash rate put up 25 basis points - ShareChat News article - sharechat.co.nz
		Moving interest rates to less stimulatory levels appears prudent to ensure inflation remains within the target range over the medium term.
		At this stage, it remains unclear whether the fall in the exchange rate over recent weeks will be sustained and thus what its impact on activity and inflation pressures will be.
		Two such factors would include a further fall in net immigration and the delayed effects of the recent high exchange rate on activity in the export sector.
	www.sharechat.co.nz /partners/nbr/news/scnews/article.php/5788cdd8 (369 words)

	NZOOM - Money - Banking (Site not responding. Last check: 2007-10-21)
		The last Official Cash Rate increase was sweetened with comments that future rate increases this year will be less than previously anticipated.
		Despite that, rates are still likely to rise and fixed term borrowing may offer the best deal.
		When the Reserve Bank raised its Official Cash Rate (OCR) from 5.5% to 5.75% last, it gave borrowers a bit of space to get their finance in place at reasonable rates.
	money.nzoom.com /money_detail/0,2108,120080-172-173,00.html (70 words)

	Go Asia Pacific Breaking News Pacific - NZ reserve bank lifts official interest rate (Site not responding. Last check: 2007-10-21)
		New Zealand's central Reserve Bank has increased the official cash rate by 0.25 per cent to 5.5 per cent and says a further rise may follow later this year.
		He says it is prudent to move interest rates to less stimulatory levels, to ensure inflation remains within the target range over the medium term.
		The rise in interest rates follows a fall in the New Zealand dollar which has recently gone from 71 US cents to around 62 cents.
	www.goasiapacific.com /news/GoAsiaPacificBNP_1097647.htm (173 words)

	Fixed vs Variable Interest Rate Calculator - Calculation Tools (Site not responding. Last check: 2007-10-21)
		When variable interest rates rise a borrower with a fixed interest rate is relatively better off because their rate will remain unchanged.
		Conversely if interest rates fall a borrower with a fixed interest rate is relatively worse off because they do not benefit from the fall in variable rates.
		The Fixed or Variable Interest Rate Simulator allows the borrower to analyse the choice of a fixed or variable rate by modelling changes in the variable interest rate and comparing the amount repaid during the period and the outstanding loan balance at the end of the period.
	www.yourcalculators.com.au /miaa/fixed_variable (268 words)

	NZ reserve bank leaves official cash rate unchange (Site not responding. Last check: 2007-10-21)
		Bollard largely reiterated in his review of interest rates the bank's stance of December when he said last year's six rate rises should be sufficient to contain inflation.
		But if fresh inflation pressures emerged a further rate rise could not be ruled out, he said.
		On the other side, he said there was a possibility of more exaggerated movements in the US dollar and US interest rates, leading to a stronger New Zealand dollar, weaker exports and less inflation pressure.
	en.ce.cn /World/biz/200501/27/t20050127_2964245.shtml (357 words)

	CNN.com - New Zealand cuts rates to 5.75% - May 16, 2001
		But at 4 percent, the U.S. federal funds rate is considerably lower than its New Zealand counterpart rate.
		The benchmark interest rate in Australia, New Zealand's closest economic ally, is 5 percent.
		The low exchange rate was also providing "useful insulation" against the slowing world economy.
	www.cnn.com /2001/BUSINESS/asia/05/16/nz.rates.biz/index.html (278 words)

	NZ Reserve Bank lifts interest rates - Breaking News (Site not responding. Last check: 2007-10-21)
		New Zealand's Reserve Bank Governor Alan Bollard, as universally expected, raised the Official Cash Rate (OCR) by a quarter of a percentage point, the fourth lift in the country's interest rates this year.
		In his six-weekly review of rates, Bollard made it clear that another hike at the next review on September 9 was certain.
		New Zealand already has the highest interest rates in the developed world and the 25 basis point raise takes the OCR to 6.0 per cent - its highest level in over three years.
	www.smh.com.au - !http: //www.smh.com.au/articles/2004/07/29/1091046065104.html (183 words)

	The Reserve Bank of New Zealand : Market expectations of the official cash rate. @ HighBeam Research (Site not responding. Last check: 2007-10-21)
		Start / T / The Reserve Bank of New Zealand / June 01, 2001 / Market expectations of the official cash rate.
		The Reserve Bank is interested in expectations of the official cash rate that are held by financial market participants.
		The first part of the article discusses the general concept of expectations, and why the Bank is interested in OCR expectations in particular.
	static.highbeam.com /t/thereservebankofnewzealand/june012001/marketexpectationsoftheofficialcashrate/index.html (229 words)

	Daily News by Radok News
		NASA officials said Wednesday it would ground future space shuttle flights because foam debris that brought down Columbia is still a risk.
		Army officials knew within days of Pat Tillman's death that the former NFL player had been killed by fellow Rangers during a patrol in Afghanistan but did not inform his family and the public for weeks, The Washington Post reported.
		Federal Reserve officials opted Tuesday to hold interest rates at 1958 lows — but changed the language of their statement to indicate that a rate hike may happen sooner than later, although it said the move would come at a "measured" pace.
	www.radoknews.com (9520 words)

	Money: Banking: Forecaster Pulls Back Rate Predictions (Site not responding. Last check: 2007-10-21)
		One of the more bullish forecasters of interest rate cuts, Deutsche Bank, has changed its view and now expects the Reserve Bank will leave its official cash rate (OCR) unchanged at 5% at next months review.
		Previously, it had been calling for the OCR to fall to 4.25% by the end of this year.
		Schoefisch's view is that migration, a key factor in driving the housing market and the economy and which added 1.1% to the population over the past year, may be calming down somewhat.
	xtramsn.co.nz /money/0,,5483-2617784,00.html (430 words)

	Upswing signals rate rise - News - www.theage.com.au
		The official cash rate has been at 5.25 per cent since December, when the Reserve announced the second of two quarter-percentage-point rises.
		Most experts believe rates in the world's largest economy will rise to 2 or 2.25 per cent by the end of the year.
		The interest rate differential between Australia and the US was one reason the $A powered ahead to reach a high of about US80¢ in February - in turn undermining the profits of companies that trade in US dollars, including many local exporters.
	www.theage.com.au /articles/2004/07/13/1089694363173.html (606 words)

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