Mortgage News

Economists divided on rate rise this week

Sunday 22nd of April 2007
Bollard last raised the official cash rate (OCR) to 7.5% from 7.25% in March, his first move since raising rates in December 2005.

A Reuters poll of 15 economists last week found that eight are expecting Bollard to hike rates. Of those who don’t expect a rate rise this week, all but three are expecting he will hike by June.

"You could make the sweeping comment that all the data flow si...

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