Mortgage News

Bollard leaves rates unchanged but talks tough

Thursday 14th of September 2006
Bollard’s official cash rate (OCR) is unchanged at 7.25% but he says the inflation outlook and the stronger than expected economy means "we are less confident that no further policy tightening will be required in this cycle."

The central bank isn’t expecting inflation, currently at 4%, to fall back below 3%, the top end of its target, until late 2007.

Brendan O’Donovan...

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