Mortgage News
Bollard holds OCR steady as US Fed prompts currency jump
Thursday 26th of January 2012
The Fed's statement, rather than Bollard's, pushed the already high New Zealand dollar up more than half a US cent, a development Bollard is unlikely to be pleased with since his statement mentioned the high currency reducing exporters' returns.
Bollard left his official cash rate (OCR) unchanged at its historic low of 2.5%, citing ongoing impacts of the European debt crisis, modest dome...
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