Official Cash Rate (OCR) decisions and current rate. Reserve Bank of New Zealand … A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. RBA expected to be a non-event. AFSL is authorised us to provide our services to Australian Residents or Businesses. AUD/USD hit 0.7406 before easing. RBNZ introduced a new funding-for-lending program (FLP) on Nov. 11 that would reduce costs for lenders, while holding its benchmark interest rate at record lows. The LSAP quantum remains set at $60 billion. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). There were no earlier calls for negative interest rates … Get this delivered to your inbox, and more info about our products and services. Find out about upcoming events at the Reserve Bank including Official Cash Rate decisions, Monetary Policy Statements and Financial Stability Reports. :flag_for_new_zealand: RBNZ: Too early to tell re: - ve OCR - FLP could hit ~NZ$28bn under full takedown, but rate pass through is more important than size of takedown. NZD/USD appears to be stuck in a narrow range ahead of the Reserve Bank of New Zealand (RBNZ) rate decision amid the failed attempts to test the January high (0.6733). “The limited information contained in the letter is unlikely to have provided anyone with a market advantage, but the Reserve Bank is taking the matter seriously,” RBNZ said. XRP traded as high as $0.78 on November 24 before a brief period of a correction down to $0.456. Follow Westpac said on Tuesday eased its expectation of deeper cuts in interest rate saying it was now expecting the Reserve Bank of New Zealand (RBNZ) to cut rates twice next year to -0.25% by August. The New Zealand central bank has not been shy about acknowledging that it is considering negative interest rates, in order to boost the economy. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. RBNZ 11 November Rate Decision Photo by on The RBNZ delivered little in way of surprises in terms of the meeting itself. Don't miss the most experienced traders and speakers in FXStreet Premium webinars. The Reserve Bank today announced the 2019-2020 dates for releasing its quarterly Monetary Policy Statements (MPS), Official Cash Rate (OCR) decisions, and the six-monthly Financial Stability Reports (FSR).. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. A guide to how the Reserve Bank of New Zealand releases information including Monetary Policy Statements, Financial Stability Reports and associated media conferences, Official Cash Rate announcements, news releases, speeches, Official Information Act request responses, articles and research and statistics. Main events Update as of 23 June 2020: OCR Announcements Name Change The letter, however, did not contain specifics of the FLP, it added. A Division of NBCUniversal. "The limited information contained in the letter is unlikely to have provided anyone with a market advantage, but the Reserve Bank is taking the matter seriously," RBNZ said. Members noted that lower interest rates would likely support the soundness of the financial system – in the context of the Committee’s Remit. 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