Mortgage News

Bollard holds rates steady, highlights inflation, growth risks

Thursday 6th of March 2008
Bollard reiterated that his official cash rate (OCR), currently at 8.25%, "will need to remain at current levels for a significant time yet."

The New Zealand dollar jumped about half a US cent to 80.26 US cents and wholesale interest rates rose about three or four basis points across the board after the monetary policy statement was released.

Nick Tuffley, chief economist at ASB Bank,...

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