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New Zealand is likely facing a "shallow" recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting that a pause in the policy tightening ...
Sweden's central bank has cut its key interest rate today to 2.75 per cent from 3.25 per cent, as expected, while the Norwegian central bank held its policy interest rate unchanged at a 16-year ...
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy.
Ian Kuperus, an accountant and former IRD employee, is credited with coming up with the idea of tax pooling. He identified the opportunity for taxpayers to trade their under- and overpayments of tax and take advantage of the interest rate differential while leading the tax division at the National Bank, after the government introduced use of money interest in 1988.
The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.
The Bank of England has pushed interest rates to a fresh 15-year high, as it announced its 14th consecutive rise in the cost of borrowing.. The central bank raised its base rate by a further 0.25 ...
Meteorological Service of New Zealand Limited, or simply MetService (Māori: Te Ratonga Tirorangi, lit. 'satellite service'), is the national meteorological service of New Zealand. MetService was established as a state-owned enterprise in 1992. It employs about 300 staff, and its headquarters are in Wellington, New Zealand. Prior to becoming a ...
“In January 2022 the average interest rate for a one-year fixed rate bond was 0.71%, but by the beginning of December 2022 it had risen to 3.61%.This month, the average interest rate for a one ...