Important OCR announcement coming Wed 27th November 2024

Written By Kim Manunui

Now the Official Cash Rate (OCR) and interest rates are on a progressively downward trend, the next OCR announcement being the last one for the year on Wed 27th November at 2pm will be an important revelation of the Reserve Bank’s intention for the economy going forward and a snapshot of its current state.

This will give us great insight as to what to expect in the coming year with the next and first announcement for 2025 due on 19th Feb 2025. 

With such a long time in restrictive mode post Covid and now moving back down in earnest, we’re expecting a quantum shift to a new phase in the economic cycle and breathing life back into the economy over the coming months and year, this latest announcement will be very telling as to how things really are right now. 

See my previous blog for more on that >>> Game on for OCR and interest rate reductions

Its probably quite timely to take a look at where we’ve been with the OCR since its inception at 4.5% on 17th March 1999 and for those interested, study the cycles and its relevance to our position right now…is a useful reference tool for those enquiring.

Click on the following link to the Reserve Bank site to take you there >>>  www.rbnz.govt.nz/monetary-policy/monetary-policy-decisions 

So for now, we wait … and will report back once we see the results on the 27th.

Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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Game on for OCR and interest rate reductions