Mortgage News
Bollard hikes rates but gives no future guidance
Thursday 26th of April 2007
Bollard raised his official cash rate (OCR) from 7.5% to 7.75%, citing the resurgence in economic activity since late last year, the buoyant housing market, increased government spending, rising terms of trade, net immigration gains and the robust labour market.
That's the second time this year he has raised the OCR.
To try to minimise the rate hike's impact on the already lofty New Ze...
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