Mortgage News

"Dr Do Little" expected to leave rate unchanged

Sunday 10th of September 2006
If they’re correct, it will be the sixth time in a row that the governor has done nothing after reviewing the OCR which currently stands at 7.25%. The last time Bollard acted was in December last year when he raised the OCR from 7% - "Dr Do Little", says Westpac economists Brendan O’Donovan and Nick Tuffley.

His expected inaction is despite the fact that inflation expectations continue to soar...

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