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Kiwi vs Oz

Wednesday, April 7th 2010, 12:57PM

The Reserve Bank of Australia's latest hike of 25 basis points to its Official Cash Rate takes the interest rate differential between the trans-Tasman nations to its widest gap in Australia’s favour at 175 basis points.

The last time we were on even ground with Australia's OCR was back in March 2009 with a cash rate of 3.00%. Since then our cash rate has dropped 50 basis points to 2.50% and has remained at this rate for the past 12-months, were as Australia's has jumped five times totalling 125 points to 4.25%.

 

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