Live: Reserve Bank maintains Official Cash Rate at 2.25%

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The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

  • The Reserve Bank of New Zealand will release the latest Official Cash Rate decision at 2pm today.
  • Economists are widely anticipating the Reserve Bank to hold rate at its current 2.25%.
  • Reserve Bank Governor Anna Breman has previously spoken about how global volatility has quickly shifted previous economic forecasts.
  • Today marks the first OCR decision under a revised charter for the Reserve Bank's Monetary Policy Committee, which means if there is a formal vote at the table, each committee member's position will be made public by name for the first time.
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