Reuters New Zealand
CHRONOLOGY-Reserve Bank of NZ interest rate moves
Thursday July 24, 09:07 AM
WELLINGTON, July 24 (Reuters) - The Reserve Bank of New Zealand lowered the official cash rate to 8.00 percent on Thursday.
Following is a chronology of the RBNZ's interest rate moves since the official cash rate (OCR) was introduced in March 1999.
Each move is measured in basis points, which are one-hundredths of a percentage point.
DATE RBNZ OCR CHANGE OCR RATE (pct)
Jul 24, 2008 -0.25 8.00
Jul 26, 2007 +0.25 8.25
Jun 7, 2007 +0.25 8.00
Apr 26, 2007 +0.25 7.75
Mar 8, 2007 +0.25 7.50
Dec 8, 2005 +0.25 7.25
Oct 27, 2005 +0.25 7.00
Mar 10, 2005 +0.25 6.75
Oct 28, 2004 +0.25 6.50
Sept 9, 2004 +0.25 6.25
July 29, 2004 +0.25 6.00 June 10, 2004 +0.25 5.75
Apr 29, 2004 +0.25 5.50
Jan 29, 2004 +0.25 5.25
July 24, 2003 -0.25 5.00
June 5, 2003 -0.25 5.25
Apr 24, 2003 -0.25 5.50
July 3, 2002 +0.25 5.75
May 15, 2002 +0.25 5.50
Apr 17, 2002 +0.25 5.25
Mar 20, 2002 +0.25 5.00
Nov 14, 2001 -0.50 4.75
Sept 19, 2001 -0.50 5.25
May 16, 2001 -0.25 5.75
Apr 19, 2001 -0.25 6.00
Mar 14, 2001 -0.25 6.25
May 17, 2000 +0.50 6.50
Apr 19, 2000 +0.25 6.00
Mar 15, 2000 +0.50 5.75
Jan 19, 2000 +0.25 5.25
Nov 17, 1999 +0.50 5.00
Mar 17, 1999 OCR introduced 4.50
Next Article: NZ cenbank cuts rates, sees further easing
Previous article: NZ finance company Hanover suspends payments
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