Mortgage News

Bollard holds rates but warns about government spending

Thursday 25th of October 2007
Bollard left his official cash rate unchanged at 8.25%, as just about all economsits had expected.

"Despite ongoing surpluses in the government's operating balance, fiscal policy is contributing to inflationary pressure," Bollard said in his statement.

"Any further easing in fiscal policy beyond that already announced will add further upside risks to medium-term inflation," he said. <...

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