Mortgage News
Floating mortgage rates unlikely to rise as OCR remains on hold
Thursday 15th of September 2011
That's despite Bollard acknowledging the New Zealand economy is performing relatively well with domestic activity surprising on the upside.
However, the updated forecasts in his Monetary Policy Statement suggest Bollard now won't start raising his official cash rate (OCR) from its current record low at 2.5% until March next year.
He certainly made no mention of removing the "emerg...
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