OCR is being held at 0.25 percent 24-09-2020
The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) Programme up to $100 billion. This action is necessary to further lower household and business borrowing rates in order to achieve the Committeeâ€™s inflation and employment remit. The Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March.
Southland Property Investors Association
P O Box 5121, Waikiwi, Invercargill