Mortgage News

Expection OCR will be left unchanged

Monday 4th of December 2006

Bollard's official cash rate (OCR), which has a direct bearing on floating mortgage rates and a lesser impact on fixed-rate home loans, currently stands at 7.25%.

Craig Ebert, an economist at Bank of New Zealand, says the central bank is under a bit of pressure. "Even though most of the data has been pressing on the strong side, it hasn't been substantive," he says.

While he d...

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