Mortgage News
Bollard leaves rates unchanged despite worsening inflation outlook
Thursday 8th of June 2006
Bollard left his official cash rate (OCR) unchanged at 7.25%. Oil prices have surged about 20% and the sharp drop in the New Zealand dollar in March and April will push up the prices of imports, Bollard says.
But recent economic activity has been weaker than expected and household spending is expected to be constrained by a weakening housing market, high petrol prices and sl...
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