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Bollard lifts OCR, predicts more moderate pace of increases
Thursday 29th of July 2010
"While the outlook for economic growth has softened somewhat, it is still appropriate to continue to reduce the extraordinary level of support implemented during the 2008/09 recession," Bollard said in Wellington today.
"The pace and extent of further OCR increases is likely to be more moderate than was projected in the June statement."
Recent data and confidence measures point to...
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