News
Bollard spooks market

Thursday 27th of October 2011
Bollard left his official cash rate (OCR) unchanged at its record low 2.5% "for now."
Westpac chief economist Dominick Stephens says although Bollard acknowledged the weakness in recent inflation and growth data and declining business confidence, he didn't change his stance.
"There was no overt change in how the Reserve Bank sees the outlook for the economy or monetary policy,"...
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