See our visualised stats on Coinbases users base, trading volume, revenue and income. Leading bank forecasts three cash rate rises this year | Newshub Reserve Bank Governor Adrian Orr has lifted the official cash rate (OCR) by 50 basis points, to 4.75 per cent, despite billions of damage the economy faces after Cyclone Gabrielle. The OCR is set by the Reserve Bank of New Zealand whose aim is to keep prices stable. Starlink For Scott Base But No Phones During Dinner! credit card debit, $18.75 per user - Pay by monthly release dates are:Monetary Policy Statement / There are fairly clearly signs that quarterly core inflation peaked a year ago and has since been falling. Last year, the RBNZs response to the COVID-19 pandemic aimed to push interest rates within the economy significantly lower, including mortgage rates. The biggest problem at the moment is the government and mismanagement the management of the border has been a joke.. As mentioned above, you still might want to monitor other deals in the market to keep informed.If the rate risesIf rates rise, savings accounts rates could increase as well. That may have a bigger impact on the housing market than what would be desirable, the bank said. "In regards to the property market, the prospect of a stable official cash rate for at least the next year or so suggests no major upwards pressure on mortgage rates until the second half of 2022 although of course global financial market shifts can have a significant influence too, as well as upside inflation surprises within NZ. Bolton said he was seeing early signs of recession everywhere. dates for 2021 will be published at least one year in New Zealands biggest banks ANZ, ASB, Kiwibank, BNZ, and Westpac were all tipping an increase of 0.75%. The RBNZ's next OCR announcement, and the last one for the year, is coming up on the 23 rd November. Market current guidelines. Currently the OCR sits at 2.5% after the Reserve Bank's last announcement on July 13. There was even talk of it going into the totally uncharted territory of a negative rate, as we have seen in Europe and Japan. The Bulletin: Rise tipped for OCR announcement today MPS/OCR Consider comparing a competitive term deposit rate so your interest earnings dont suffer. To view our disclosure statements and other legal information, please visit our Legal Agreements page here.