AUD / NZD Update December 2011

Rate cuts by Reserve Bank of Australia (RBA) while Reserve Bank of New Zealand (RBNZ) holds its rate steady. A sign of the slowing economy ahead?

RBA: Cash Rate Target

Effective Date	Change in cash rate Percentage points	New cash rate target Per cent
7 Dec 2011	-0.25	4.25
2 Nov 2011	-0.25	4.50
3 Nov 2010	+0.25	4.75
5 May 2010	+0.25	4.50
7 Apr 2010	+0.25	4.25
3 Mar 2010	+0.25	4.00
2 Dec 2009	+0.25	3.75
4 Nov 2009	+0.25	3.50
7 Oct 2009	+0.25	3.25
8 Apr 2009	-0.25	3.00
4 Feb 2009	-1.00	3.25
3 Dec 2008	-1.00	4.25
5 Nov 2008	-0.75	5.25
8 Oct 2008	-1.00	6.00
3 Sep 2008	-0.25	7.00

RBNZ: Official Cash Rate (OCR)

Effective Date	Change in OCR Percentage points	New OCR Per cent
10 Mar 2011	-0.50	2.50
29 Jul 2010	+0.25	3.00
10 Jun 2010	+0.25	2.75
30 Apr 2009	-0.50	2.50
12 Mar 2009	-0.50	3.00
29 Jan 2009	-1.50	3.50
4 Dec 2008	-1.50	5.00
23 Oct 2008	-1.00	6.50
11 Sep 2008	-0.50	7.50