Mortgage News

ASB: Tools will be used to delay OCR hike

Tuesday 5th of February 2013

There is reluctance to raise the OCR because of the stubbornly high dollar and unemployment.

But on the other side of the equation, there is pressure from the housing market and a lift in credit demand.

ASB chief economist Nick Tuffley said the bank still did not expect an OCR move until next year. “But there is a growing possibility the RBNZ will reach for its macro-prudential to...

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