Mortgage News

Has The Reserve Bank lost its other Oar?

Friday 8th of October 2004

The Reserve Bank of NZ raised the Official Cash Rate (OCR) 25 basis points to 6 25 % on Thursday the 9th of September.

That means in the last year, the OCR has risen 125 basis points and the economist are predicting more. But is it an effective tool to control inflation in the NZ economy?

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