News

Economists split on rates announcement

Monday 8th of March 2004
Bollard surprised the market in January when he raised the official cash rate (OCR) from 5% to 5.25%, citing stronger than expected household spending and activity in the construction and housing market.

Now, ANZ Bank thinks he will follow that up by raising it to 5.5%, although it says the strong New Zealand dollar could make this a close call.

"But given the absence of...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.