
Mortgage News
Close call on rates this week
Sunday 21st of January 2007
Bollard will review his official cash rate (OCR), currently at 7.25%, on Thursday.The annual inflation rate for 2006 came in at 2.6%, the first time in six quarters that it has been within Bollard’s zero to 3% target, while the economy grew just 0.3% in the September quarter compared with market expectations of 0.5% and the Reserve Bank’s expectation of 0.7%.
Bank of New Zealand and Deuts...
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