Mortgage News

Economists divided on OCR announcement

Sunday 6th of March 2011

Pressure is certainly mounting on Bollard to cut with even Prime Minister John Key saying he expects a cut.

Bollard has held the official cash rate (OCR) steady at 3% since July last year. Some are picking he will slice as much as 50 basis points off it to 2.5% while others think a 25 point cut would be sufficient to bolster confidence.

At the end of last week, the market was taki...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.