Mortgage News

Bollard to hold OCR unchanged

Friday 23rd of April 2010

Economists can't forecast the wording numerically and they're split on whether Bollard moves in June or July. Economic figures show a tepid economy, with inflation running a tad cooler than market expectations and consumer activity quiet. Officially, he will move ‘mid-year.'

The OCR is expected to push through 5% in the looming tightening cycle, which will squeeze mortgage holders on flo...

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