Mortgage News

Lower OCR around corner

Wednesday 12th of October 2016

Assistant Governor John McDermott told a meeting of the Bay of Plenty Employers and Manufacturers Association that inflation was expected to rebound in December and be at the bottom of the bank’s 1% to 3% target range.

New Zealand was being affected by international drivers, he said.

“There are several reasons for low inflation – both here and abroad. In New Zealand, tradeables in...

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