News

Bollard delivers early Christmas present to the housing market

Thursday 26th of October 2006


"He's given a Christmas present to the housing market," says Westpac chief economist Brendan O'Donovan. "Today's statement will see fixed rate mortgages down significantly."

A slim majority of economists had expected Bollard to raise the official cash rate (OCR) from 7.25% to 7.5%, although all thought the decision was finely balanced so a str...
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