Mortgage News

Bollard leaves rates unchanged and rules out an easing

Thursday 26th of January 2006
Bollard says he doesn’t expect to have to raise his official cash rate (OCR), currently at 7.25%, further in the current cycle but that he can’t rule an increase out "until we see clear evidence of a sustained weakening in domestic demand." While he can see some early indications, "we are yet to see hard evidence of a sustained slowdown in domestic demand."

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