Reserve Bank (RBNZ) cuts OCR to 4.75%

Written By Kim Manunui

GREAT NEWS !

The Reserve Bank has just announced the second rate cut in 41 months reducing the OCR to 4.75%, following the August cuts from 5.5% to 5.25%, in line with expectations with easing inflation.

At 50 basis points, this is now a significant amount and shows signs of economic healing with the expectation of further reductions to the OCR in coming months … the pain is going away and the future is bright.

This will in turn generate a flurry of downward rate adjustments with banks and finance companies in the coming days so we’ll be sure to keep up to date with that.

The RBNZ is citing inflation is now within the 1 to 3 percent target band and on its way to the target midpoint of 2 percent, with the Sept inflation announcements not due until 16th Oct, we’ll take it as read that that’s a thing.

Click on the below link to the full report just through from the RBNZ https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=96ff7a2970&e=af8f1ae8c4

With the Reserve Bank Governor Adrian Orr announcing at the August OCR announcement “its darkest before dawn and we’re at dawn” well this means we’ve broken day and there’s a whole lot of daylight ahead of us.

THIS is the best news in a very long time and of major significance, we’ve been waiting for this day for far too long. Watch this space with news coming up as rates begin to tumble … excited much 😊

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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