Mortgage News
Bollard sparks huge falls in wholesale rates and currency
Thursday 5th of June 2008
Bollard left his official cash rate (OCR) unchanged at 8.25% but signalled an OCR cut later this year, "provided the economy evolves in line with our projection."He is now expecting little economic growth this year, and only a modest recovery thereafter, while inflation is expected to peak at 4.7% in the September quarter this year and won't return to below Bollard's upper target of 3% unti...
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