Mortgage News

Interest rate focus moves to when next increases start

Monday 25th of April 2011

Bollard's official cash rate (OCR), from which floating mortgage rates and other short-term interest rates are set, stands at 2.5%, the lowest it's ever been, following last month's "emergency" cut from 3% in the wake of Christchurch's devastating earthquake.

All 13 economists surveyed by Good Returns expect Bollard to leave the OCR unchanged with the debate shifting to when he...

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